still no valid discussion?

[acfarmer]

What are talking about, Around here you have to mow your own roadbanks, blade the gravel road and most of the time push the snow if you dont want to wait 4 days for the plow truck.

[bruce MN]

 Essentially agree but I don't want wehav making the arbitrary decisons as to what is germaine and what is not.

Rattigan held up a document yesteday that said in effect that 70% of all govt. expenditures are essentially untraceable/unaccounted for. That it's a water faucet...and the key seems to be access to it.

Entitlements such as S.S. and Medicare and the like (oh yeah, and farm payments too. I suppose) are obviously on the traceable side of the ledger. One does have to wonder where it all goes. Just read the other day that Blackwater got it's hand slapped over war contracting and therefre we got the opportunity to do no-bid work with 30 creatively formed Blackwater subsidiaries. Maybe we should get  some of that sort of talent working in the General Accounting and Congressional Budget Offices.

[Samnospam]

The people would hoard it (hoarding is what selfish people do with their money) and pay down debt.   Deflationary.   

If .gov has your money, they can spend it as they see fit, mostly on their constituents and hopefully cause inflation.  Inflation makes bankers happy.  Happy bankers make political contributions, which makes for happy politicians.   Bankers love inflation, hate deflation.    

To review:

hoarding BAD

Bankers happy

Politicians rich

[Samnospam]

See what I mean:

http://online.wsj.com/article/SB10001424052748704644404575481390712384072.html?mod=WSJ_hps_RIGHTTopC...

To restore monetary policy effectiveness in a low interest rate environment when confronted with deflationary or contractionary shocks, it is necessary to get rid of the zlb completely. This can be done in three ways: abolishing currency, taxing currency and ending the fixed exchange rate between currency and bank reserves with the Fed. All three are unorthodox. The third is unorthodox and innovative. All three are conceptually simple. The first and third are administratively easy to implement.

[Samnospam]

70% of all govt. expenditures are essentially untraceable/unaccounted for........... Entitlements such as S.S. and Medicare and the like (oh yeah, and farm payments too. I suppose) are obviously on the traceable side of the ledger.

Can't be true