Debt Crisis And The Source Of The No-Compromise Position Of Not Raising Taxes

I don't think the tax issue is as clear cut as liberal vs conservative. Aside from the anti tax folks, most people realize any entity, including govt, needs some money to operate. However, people want THEIR hard earned money used frugaly and wisely. Any liberal who loves contributing his tax money, hated seeing it misspent in military mismanagement. Likewise, any conservative who loves contributing his tax money, hated seeing it misspent in welfare mismanagement. Most taxpayers feel like they pay enough taxes... but they are thrown away carelessly by the rich political class. TEA is Taxed Enough Already... not anti tax. The uproar is about mismanagement of taxes paid... not anti tax. The uproar is over the credit worthiness of the US and the legitimacy of the dollar, or any fiat currency. The uproar is over the games played in politics and govt, at the expense of the people and the rights of the people.

I agree, Mike.

I'm hardly a "sign-the-pledge" Grover Nordquist fan, a raging tea-partier, or the like, but when I read about some of the nonsense we're funding through federal and other governmental sources (I'd say tax dollars, but in the case of the Feds it's, what, 40% borrowing from others), I really, truly get upset. As I live in California, in a district whose Congressional representative is not terribly interested in what fiscal conservatives care about, I feel a tad powerless. Even politicians who "pledge" not to cave to special-interests wind up doing so. Think of Jerry Brown and the recent "no lay-off" sweetheart deal with the teachers' union. All considered, I can understand (if not fully agree with) the "starve-the-beast" sentiment.

They will only stop the nonsense when they run out of money, borrowed or otherwise. To politicians, it seems spending other peoples' money (including the Chinese) is an addiction.

End of rant.

Bozo

Thanks Lou.  I agree with Bozo, too.  End the rant, if and when they stop spending frivilously.  Otherwise, rant on brother.