The costs of monitoring

Mierduck believes that returning the federal government to it's Constitutional role would lead to dictatorship.

Mierduck also supposes that the States wouldn't return to their proper Constitutional role if the feds minded their own business.

If I were President, the first thing I would do, possibly before sitting down even, would be to refuse to sign any budget beyond military and judiciary spending.

Posted by: Hammer

And that's why you'd never be presient. If you some how were... the next thing after your decree would be to protect yourself with your military from the attacking mobs storming the White House... dictatorship would folow shortly.

If I were President, the first thing I would do, possibly before sitting down even, would be to refuse to sign any budget beyond military and judiciary spending. After I sat down, I would probably work on dismantelling every Agency it was within Presidential purview to scrap, just to keep me busy while Congress fights over budgets.

So yes, I would quite merrily recommend shutting down the Fed for a year, or more, just keeping the very basic functions running. The states are their own business; the Fed is not supposed to be doing nearly so much as it does.

The blog software is acting weird.

Are you proposing that federal government shut down for a year so people don't have to pay taxes?

Income taxes do not cover the costs of operating the government.

Where does the money come from anyhow?

It is magically transported from the future where we are living at a much lower standard of living.

If you keep all your focus on the money, you lose sight of the production and consumption it should be representing.

Many of the people “monitoring” also weren’t bright enough to “do.”

Apparently, we don't care.

http://www.youtube.com/watch?v=JEfICUoWKBw

Apparently, we don't care.

http://www.youtube.com/watch?v=JEfICUoWKBw

is it worth it to work in a business with such crushing regulation?

Absolutely. The cost of regulation to us pales in comparison to the the rents the regulators create. The majority of the price of regulation is paid by consumers, not us. The most amusing thing is that it's the consumers who are screaming for more regulation.

Stupid Idea - aptly named.

Are you proposing that federal government shut down for a year so people don't have to pay taxes? That would be ridiculous because the burden on the states would rise exponentially due to the loss of federal aid and subsidies. Your state taxes would rise exponentially based on your state. Most republican states would be hit hardest since they receive the most federal funding per dollar in federal taxes paid.

If people want to poop and flush the toilet in their home and want the poop to disappear they have to pay money for that infrastructure to be maintained. If you want to drive on bridge without it collapsing you have to pay money for that.

Say the government took out a loan for $800 billion and distributed it to people based on federal taxes paid as opposed to using it as the current stimulus bill proposes. You are basically banking on a trickle down Reaganomics, which has been proved to be a massive failure and a windfall for the richest in our country. People who were unemployed would receive nothing and would be begging for the scraps of the richest 1%. This is basically what got us to this point of financial ruin in the first place. You'd also have to hope that all the banks didn't become insolvent. If you have $50k in your retirement account and that disappears because your financial institution went belly up and FDIC becomes insolvent that wouldn't be good. I'd rather pay my federal taxes to keep my money safe. It's better than reverting to a collapsed economy where we revert to a bartering system.

Also, pumping money into this fundamentally broken economy is just delaying the inevitable collapse. The American economy has to be redirected which is what this stimulus does with rewriting our energy policy and reinvesting in education which would hopefully eliminate all these stupid idiots who took out loans and credit cards they couldn't afford and drove our economy into the ground.

Hey nobody likes to pay taxes, but I’d rather pay to live in a capitalist society then live in an anarchist state or under marshal law.

This channel is just a viral Republican ploy for the dummed masses. Remember, there are only two types of Republicans... millionaires and suckers.

Are you proposing that federal government shut down for a year so people don't have to pay taxes? That would be ridiculous because the burden on the states would rise exponentially due to the loss of federal aid and subsidies. Your state taxes would rise exponentially based on your state. Most republican states would be hit hardest since they receive the most federal funding per dollar in federal taxes paid.

If people want to poop and flush the toilet in their home and want the poop to disappear they have to pay money for that infrastructure to be maintained. If you want to drive on bridge without it collapsing you have to pay money for that.

Say the government took out a loan for $800 billion and distributed it to people based on federal taxes paid as opposed to using it as the current stimulus bill proposes. You are basically banking on a trickle down Reaganomics, which has been proved to be a massive failure and a windfall for the richest in our country. People who were unemployed would receive nothing and would be begging for the scraps of the richest 1%. This is basically what got us to this point of financial ruin in the first place. You'd also have to hope that all the banks didn't become insolvent. If you have $50k in your retirement account and that disappears because your financial institution went belly up and FDIC becomes insolvent that wouldn't be good. I'd rather pay my federal taxes to keep my money safe. It's better than reverting to a collapsed economy where we revert to a bartering system.

Also, pumping money into this fundamentally broken economy is just delaying the inevitable collapse. The American economy has to be redirected which is what this stimulus does with rewriting our energy policy and reinvesting in education which would hopefully eliminate all these stupid idiots who took out loans and credit cards they couldn't afford and drove our economy into the ground.

Hey nobody likes to pay taxes, but I’d rather pay to live in a capitalist society then live in an anarchist state or under marshal law.

This channel is just a viral Republican ploy for the dummed masses. Remember, there are only two types of Republicans... millionaires and suckers.

Methinks - is it worth it to work in a business with such crushing regulation?

Are you proposing that federal government shut down for a year so people don't have to pay taxes? That would be ridiculous because the burden on the states would rise exponentially due to the loss of federal aid and subsidies. Your state taxes would rise exponentially based on your state. Most republican states would be hit hardest since they receive the most federal funding per dollar in federal taxes paid.

If people want to poop and flush the toilet in their home and want the poop to disappear they have to pay money for that infrastructure to be maintained. If you want to drive on bridge without it collapsing you have to pay money for that.

Say the government took out a loan for $800 billion and distributed it to people based on federal taxes paid as opposed to using it as the current stimulus bill proposes. You are basically banking on a trickle down Reaganomics, which has been proved to be a massive failure and a windfall for the richest in our country. People who were unemployed would receive nothing and would be begging for the scraps of the richest 1%. This is basically what got us to this point of financial ruin in the first place. You'd also have to hope that all the banks didn't become insolvent. If you have $50k in your retirement account and that disappears because your financial institution went belly up and FDIC becomes insolvent that wouldn't be good. I'd rather pay my federal taxes to keep my money safe. It's better than reverting to a collapsed economy where we revert to a bartering system.

Also, pumping money into this fundamentally broken economy is just delaying the inevitable collapse. The American economy has to be redirected which is what this stimulus does with rewriting our energy policy and reinvesting in education which would hopefully eliminate all these stupid idiots who took out loans and credit cards they couldn't afford and drove our economy into the ground.

Hey nobody likes to pay taxes, but I’d rather pay to live in a capitalist society then live in an anarchist state or under marshal law.

This channel is just a viral Republican ploy for the dummed masses. Remember, there are only two types of Republicans... millionaires and suckers.

Here's how regulation works:

A mass of paperwork is filed every month. Once a year, the regulators sit down and look at the books, trades, etc. They have no idea what they are looking at because if there's any hint that an examiner understands it, that examiner is immediately hired by someone in the industry at a multiple of his SEC salary (we're always on the lookout for bright people). The public is taxed to death to pay for all this.

The end.

This post makes the point that government is less efficient than households at choosing the best allocation of funds in the market.

Thanks again Russ!