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  1. Yes but the progressives will just go on saying they need more “revenue” from the 2% for cover.

    Comment by Richard Bell — January 10, 2013 @ 7:34 pm - January 10, 2013

  2. Illinois swears in three legislators facing criminal charges, but, it’s okay because they’re liberals.

    Comment by V the K — January 10, 2013 @ 9:04 pm - January 10, 2013

  3. But the middle class will eventually get hit with much higher taxes when we run out of money, China refuses to buy our debt, and the Fed can no longer print money without abandon.

    Comment by davinci — January 10, 2013 @ 11:00 pm - January 10, 2013

  4. v the K:

    Did you notice all three legislators were black? This is typical of the black community. If you’re a criminal, you are a brotha and not some honest person. Keep them in office!

    Comment by davinci — January 10, 2013 @ 11:05 pm - January 10, 2013

  5. Oh, they’ll make the middle class pay.

    Comment by Paul — January 11, 2013 @ 1:52 am - January 11, 2013

  6. They’ll make us ALL pay.

    Comment by Paul — January 11, 2013 @ 1:57 am - January 11, 2013

  7. Liberals apparently find math too hard.

    Comment by Just Me — January 11, 2013 @ 7:54 am - January 11, 2013

  8. davinci,

    You are largely correct concerning the dominate urban black “community.” I can vouch for a lot of hard working and level headed blacks who are not about to be community activated by any fast-talking demagogue.

    Comment by heliotrope — January 11, 2013 @ 7:58 am - January 11, 2013

  9. ” …and the Fed can no longer print money without abandon.”

    Really? Since when?…

    Several local trust/family money management-types have independently-commented to me over the last year or so that their greatest fear is that that’s exactly how the Obama-Liberal types plan to resolve this. Keep borrowing and run the printing-presses to purposefully-initiate massive inflation to pay-off current-dollar denominated debts. Plus, inflation is a hidden-tax on middle-class wealth and buying-power…especially when the Redistributionists’ wet-dream VAT on all transactions is enacted.

    They’re buying productive Midwestern farmland as long-term safe asset allocations…rather than the traditional bonds for their wealth-preservation clients. You do know that “tax loophole reform” is-code for the elimination of tax-exempt municipal bonds and state bonds…even on tax-exempt mini-bonds extent right now.

    IRA, Roth IRA, private pensions and 401(k) seizures are the final-act…just like in Argentina.

    Comment by Ted B. (Charging Rhino) — January 11, 2013 @ 10:22 am - January 11, 2013

  10. #9 They could make, for example, sixteen $1trillion coins?

    Comment by Paul — January 12, 2013 @ 4:00 am - January 12, 2013

  11. Naaah Paul, all those coins put you into higher math so keep it simple: mint one quadrillion coin. The bonus here is you can pay off all the debts and have a surplus to party on! See how easy that is?

    Comment by JohnAGJ — January 12, 2013 @ 9:30 am - January 12, 2013

  12. Using leftist logic, why don’t they just make millions of billion dollar coins and give them away to everyone; that way everyone will be rich!

    Comment by V the K — January 12, 2013 @ 11:01 am - January 12, 2013

  13. We can call it “The Obama Coin” to go with the “Obamaphone” and “Obamacare” and while we are at it we can change the US to the United States of Obama where Obama gives out all kinds of free stuff.

    Comment by Just Me — January 12, 2013 @ 11:52 am - January 12, 2013

  14. Using leftist logic, why don’t they just make millions of billion dollar coins and give them away to everyone; that way everyone will be rich!

    That would certainly increase aggregate demand. Until a loaf of bread costs millions of dollars.

    Comment by Rattlesnake — January 12, 2013 @ 2:14 pm - January 12, 2013

  15. #11 But inflation will be so high, we’ll need the $1trillion to buy bread and things. Only licensed officials will be able to have the quadrilion coin…for safety reasons.

    Comment by Paul — January 12, 2013 @ 4:24 pm - January 12, 2013

  16. Obama voters riot for free sh-t. What happens when liberals can’t provide enough free sh-t from the Government to keep the plantation happy?

    Comment by V the K — January 12, 2013 @ 7:48 pm - January 12, 2013

  17. Following the Germanic arc-of-History; the Imperial-Era for the United States is ending, and we’re about the enter our Wiemareine-Era; political deadlock, growing distrust in political-organs of State, rampant hyper-inflation, and a flight to Gold, Guns and the Church.

    And we all remember how well THAT turned-out. …Ausweis bitte!

    Comment by Ted B. (Charging Rhino) — January 13, 2013 @ 12:09 am - January 13, 2013

  18. That would certainly increase aggregate demand. Until a loaf of bread costs millions of dollars.

    Heh :-)

    But yeah… “Quantitative Easing” (money-printing) is a tax. It funds the government’s debt. Now the government can spend freely. Meanwhile, prices are higher than they would have been. In the end, real economic value was transferred from people’s paychecks, savings accounts and balance sheets, to the government. Slick!

    Comment by ILoveCapitalism — January 14, 2013 @ 9:11 pm - January 14, 2013

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