The Fed: "What We're Doing Isn't Working. Let's Do More Of It."

Look at what printing an aircraft full of money did to Germany in 1930.

Mike

May be the administration needs a good history lesson?

Good luck and success.

Lou Ludwig

Mike, things are out of control and the only way to get them back into control is to vote out those who keep on making the bad decision, and putting people in the position to further make bad decisions.

Maybe our next president will be born in the USA? ( Just kidding )

For more than two decades, largely under Republican presidents, we've been on a binge of tax cuts both at the national and state levels. As a result our infrastructure is falling apart and our kids are getting some of the worst education in the world. We do seem to find money for prisons, but apparently in such crowded conditions that our courts are beginning to declare them unfit.

Where I grew up, a balance sheet had two sides to it and I was taught my obligation was to work on both: control costs but also improve revenue to cover necessary expenses. Why don't the fanatics think of government in the same way -- they only talk about cuts?

I agree that it's time to stop doing what we've been doing. Let's start by ceasing to pick favorities in the energy field -- eliminate oil and gas tax credits. Then let's take the cap off the payroll tax (and temporarily remove it for those with incomes below $20,000 - -both employer and employee side). Let's take the war spending and bring it home for education and rebuilding bridges.

Does this sound like bombing the moon? http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-how-could-taxes-blow-up-debt-talks/2011/06/24/AGAUxniH_blog.html

You know, I get so disgusted at the situation in our government. My Father, rest his soul, used to say that it is amazing in a nation this size we can't find some people REALLY interested in making the system work for EVERYBODY.............he also said he would NEVER re-elect ANYBODY and that ALL of congress needed term limits................ONE TERM NO MATTER WHAT! I think he had a point there! The fat cats get fatter the longer they stay in!