Quote Originally Posted by flyingimam

your option #1 is out of the question, that will mean massive reform of all of our political spectrum, from foreign policy to every other costly program the government runs.
I know, wouldn't that be wonderful?

cutting coporate taxes is just not going to happen as long as we got a govt thats been runnin on deficit constantly with exception of a few years. we have 2 wars going on and many many govt programs that just cost too much... u cant just give the taxes a break cuz then these programs and wars will hit a dead end and politicians wont do this at all
Yet the treasury already creates a deficit. There really is not a difference between lowering taxes and spending a shit load, or not lowering taxes and spending a shit ton. If they were to lower taxes, deficit spending would just increase just as it is when they perform the bailout.

and i think your #2 option which sounds totally reasonable is basically whato ron paul has been calling for... just quit fuckin around with something u ought not to mess with in the first place and toughen laws on fraud and deceptive practices.
No, i put that out there because that is of course an option (although a horrible one). It would bring us to the "stone age" as many have been touting. If there were no corporate taxes/ capital gains, and an extremely low income tax, then option 2 would be quite possible though.

and i agree a short term shock is better for us in the long run than just delaying this shock with this amount of money for a later one and a bigger one and perhaps a more fatal one...
This is the fatal one. You have to remember that growth based on Keynesian economic modeling relies on the expansion of credit. When interest rates are manipulated to achieve economic growth, a boom usually follows (Known as the Austrian Business Cycle Theory). This is provided by the example of people taking 12% loans and what not. 12% loans should not be provided to people who have no income (which was done routinely), as the very thought of credit expansion to that segment of the population is in essence fraud.

the government has spoiled the people and likes to keep it that way... and people seem not to get it most of the time either... we dont want to chip in 700 billion, but we want the "credit" without having the backup to afford it... result is this mess and our national debt which has become the norm for us.
This is the problem. We live beyond our means. Factor in the makeup of net exports and you will get a clearer picture.