Tea Party

[Lynnie]

As of right now, I qualify for the max SS payout. And, I have a lot of years remaining....anything could happen. Not sure what the COLA adjustment is on SS and it's taxed income, don't forget.

I could look back over my working years and calculate what I have paid in vs. what I will be receiving (assuming I ever retire anyway). But, something tells me that had I invest the 15.3% on my own even in very conservative CD's or money markets, I never would have needed SS forcing me to participate.

 

[Will B]

The two most embarrassing things that I saw related to the protests were Keith Olbermann and Janeane Garofalo. His interview with her the other night was the most confusing and stupid thing that I have ever seen, and anybody with half a brain from either party should cringe. The more gems like this that Olbermann puts on his show the more cred he will lose...if he has any left.

Nothing like giving a platform to, yet, another celbrity to spout thier wisdom that is not backed up with any basis of fact or reason...

 

[6thGen]

For the record, several of the larger rallies refused to allow politicians the stage, and Steele was told he could not speak in Chicago. I didn't attend a tea party, but I'm happy there is some backlash on spending. Also, as Playboy Blog found out before a retraction, it wasn't secretly staged, it was grass roots. FreedomWorks and American Solutions jumped on the bandwagon, they didn't start it.

Most conservatives would be happy to see the GOP go the way of the Whigs if it meant ushering in an actual conservative, or classically liberal party. We didn't complain as much about spending on the war, given that power is actually in the Constitution, but we did raise hell when he expanded Medicaid, or spent on pretty much any domestic program.

As for Matt Christ's speaker, as an economist he should know that consumers spend on expected permanent income rather than actual income. It's one reason that tax rebates never work. It's why tax cuts have a multiplier effect, not simply the $0.38 current effect for which he's crediting the tax cuts. The speaker should also know that while infrastructure projects do have some merit (we're all Keynesians now), capital is far more efficient in the private sector.