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Post 10 makes the most sense. The people of the US should be buying our government paper so we wind up owning our own country. I suggest we set up special 5 - 7% tax free Federal Bonds that can only be sold or traded by US citizens and in amounts not over $200,000.
So, during the election Obama said something to the effect of he wish gas prices hadn't of risen so quickly. He had no problem with gas prices going up he just wish it had been more gradual. And why not, Democrats, despite it snowing in Vegas, believe in this global warming crap and want gas to be high. They don't care about the Americans who are having a hard time to pay for it.
Anyway, so, here we go again.
In a sign of one major internal difference, Mr. Chu has called forgradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work.
"[SIZE=4]Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,[/SIZE]" Mr. Chu, who directs the Lawrence Berkeley National Laboratory in California, said in an interview with The Wall Street Journal in September.
Obama's response? Not "right now." Ha, let's wait a little while.
Obama, fighting for the American people. What a joke. He might actually end up being worse than Carter.
No wait......he's already passed Carter!!
He wants to force Americans into buying those clown cars.
I think it is "Obama, fighting AGAINST the American people".
I agree that he has already eclipsed the great Jimmy Carter as being the worst president to hold office. He may get a second term, however, and I am sure that Obama II will be worse than Obama I.
Post 10 makes the most sense. The people of the US should be buying our government paper so we wind up owning our own country. I suggest we set up special 5 - 7% tax free Federal Bonds that can only be sold or traded by US citizens and in amounts not over $200,000.
My thinking is that if we just save enough to cover the deficit it will all work out in the end. Flat savings tax, you get a 100% return if you want to put it into long term savings.
Cap & Tax is coming, if not by legislation then by EPA mandate. That, you can bank on.
Actually I wish the EPA did unilaterally impose some cap-and-trade regime. The result would be a political uproar so loud that Congress might well disband that agency.
China closed their wallet to us. We need revenue..which bankrupt country will loan us money ?
Only alternative is tax.
More taxes will just give our government more excuses to waste our money. They are spending like drunken sailors. Raising taxes would be like giving the drunken sailors more beer money. What the government needs to do is significantly cut spending, abolish the IRS, and move to a flat tax. This way we are sharing the burden. There are some people that are getting a $6000 refund from the IRS and they didn't even pay taxes. The government must cut spending significantly. It will be painful, but it must be done or our economy will collapse. We need to cut funding for the healthcare bill, cut welfare, let the housing market correct itself, no more wasteful stimulus money, come up with higher Medicaid copays or cut the program altogether, no more bailouts, allow private insurance companies to sell unemployment insurance, get rid of government run unemployment insurance, get rid of the earned income tax credit. I know this sounds like I am being harsh, but isn't wasting money to the point of total economic collapse a moral issue as well?
Did you ever read Gores book;he promoted higher gas tax has america energy solution. I agree on the savings and most economist forecast americans to be headed to the 10% savings rate in the future like in 1980.No need to force it i don't think.
A slight increase in the federal gas tax would help reduce the deficit and pay for existing government programs.
It would also act as a substantial incentive to promote the development of alternative fuels/means of powering vehicles and, in doing so, would facilitate a move towards a new energy infrastructure.
It would be beneficial for the environment.
It would reduce payments to a number of authoritarian regimes which commit human rights abuses and which may or may not fund terrorism.
In doing so, it would help improve our security.
And, finally, it wouldn't necessarily be 'anti-market' as so many here might think. Anyone familiar with how markets function should be well acquainted with the term 'externality' -- there are definitely negative externalities in the international petroleum market that have resulted in the undervaluing of oil products here in the US. The market is not functioning efficiently; market distortions do exist. A tax would help correct for such negative externalities.
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