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Costing more

March 13, 2013

Big government may raise taxes, but it costs less; and smaller government may keep taxes down, but it costs more. Smaller government is penny wise and dollar foolish....

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(15)

MBardo

Mar-14-13 1:59 AM

Would you please add some figures to qualify your "facts"?

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Tedeaux

Mar-14-13 5:26 AM

Where to begin on a response to this letter? First, we're entering our fifth year of Barack Obama's presidency. Some of the blame for the financial mess that we in, in the United States, and the rest of the world can squarely be placed at President Obama and the Democrat's feet. How we got here has been a joint effort! When are the Democrats going to realize that big government cost big money, money we have to go into debt for and will have to pay back someday. Exactly how much time will have to pass before we can officially say,"from this point forward, this is Barack Obama's fault?"

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gavinf56

Mar-14-13 5:32 AM

"Does a 700 billion dollar bailout of Wall Street by President Bush ring a bell? This was followed by an 800 billion dollar stimulus by President Obama. Both actions increased the national debt." - David L. Faust

The TARP was structured as a loan and not a bailout.

The largest banks got $259 billion and repaid $267 billion. All of the larger banks have been repaid but many of the medium and smaller banks that received funds still owe the government some money.

Fannie and Freddie got $187 billion and repaid $45 billion.

AIG got $67 billion and repaid $45 billion.

The auto companies (GM and Chrysler) received $61 billion and repaid $34 billion.

Others received $28 billion and have paid back $15 billion.

Numbers are current as of last fall.

Source Lam Thuy Vo and Jacob Goldstein at NPR.

It's pretty hard to take seriously a letter by someone who doesn't even understand the simple facts about the TARP and Stimulus.

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idiottwo

Mar-14-13 5:49 AM

Gov may not be a business, but operating like it has unlimited funds and support is deterimental. As for perceptions of one area or another under funded or over, purely opinions. As for your comment IRS once underfunded, maybe wiser to simplify the tax code. Imagine the cost reductions. The same will one day be said of the thousands of pages of the healthcare law.

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ToTEXASfromPA

Mar-14-13 6:37 AM

Hello!

When is the IRS ever going to be big enough to ensure that every single taxpayer or corporation pays the appropriate tax or the SEC sufficiently staffed to ensure every investment institution or bank doesn't take on too large a risk causing it to be unstable?

They will never be large enough. Most of the people are worried about wealth and possession accumulation than they are about loving their neighbor or being righteous in the eyes of God. Also or federal government encourages these actions through writing convoluted laws to encourage it and favor some groups over others.

Some people have learned that the government is just a big "clearinghouse" that takes money from some segments of the population and gives it to the rest. You just have to find the right social issues that make it appealing to the people; health care, prescription medications, retirement benefits, green energy, defense, etc all come to mind. Larger government promotes these.

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Ritty77

Mar-14-13 6:49 AM

"Big government may raise taxes, but it costs less."

It just seems that way because the people who favor and benefit most from big government consist mostly of people who don't pay for it. About half the country pays no federal income tax and many of those still receive "refund" checks, and draw on any number of "assistance" giveaways.

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Fredzz

Mar-14-13 8:04 AM

Quote.. just seems that way because the people who favor and benefit most from big government consist mostly of people who don't pay for it. About half the country pays no federal income tax and many of those still receive "refund" checks, and draw on any number of "assistance" giveaways. End Quote

That would include:

The Poor The Working poor The Unemployed The Truly Disabled The Large Corporations & their Top level executives The Two percent Etc. Etc.

1 Agrees | 6 Disagrees | Report Abuse »

nobud74

Mar-14-13 8:47 AM

Hooo boy. Mr. Faust, keep drinking. All that kool-aid will not only rot your brain but likely your teeth as well.

7 Agrees | 1 Disagrees | Report Abuse »

idiottwo

Mar-14-13 9:00 AM

David, do you think the healthcare costs will go up or down with all the thousands of pages of regulations and tax implcations? Will you honestly look at it or just take a partisan poke?

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enigma

Mar-14-13 9:01 AM

Does David really think that under Bush we had small government? It was bigger than under Clinton, which the Dems always remind us was utopia. The growing government under Obama has not helped, so using the thinking in this letter, we need to go back to the size of government under Clinton. Unfortunately, David draws the conclusion that when it comes to government, bigger is better. His "facts" don't back that up (and are not facts at all), but that is his conclusion. Here's a fact for you, More government equals less freedom.

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CMReeder

Mar-14-13 10:06 AM

LOL

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WKnapp

Mar-14-13 8:52 PM

The notion that businesses and corporations pay taxes is absolutely ridiculous! Any and all taxes levied against them is treated as a business expense, a cost of doing business, like distribution, production, supplies, raw materials, labor, etc. All costs are built into the price of the goods or services and passed on to the consumers. Face it, folks; WE, THE PEOPLE, PAY ALL OF EVERY TAX THE GOVERNMENT COLLECTS.

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CMReeder

Mar-15-13 9:42 AM

We all pay taxes. Look who finally admits it, Bird Brain Wayne. Of course with you little declarations you just admitted that corporations do not pay taxes at all. That those at the very top do not pay taxes they trickle it down to the those below with higher prices. Of course that does not equate with a higher wage for those below.

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CMReeder

Mar-15-13 9:42 AM

Bobbie doesn't have facts.

0 Agrees | 2 Disagrees | Report Abuse »

Fredzz

Mar-15-13 9:29 PM

If one does not pay any Tax... does the Tax Rate matter..?

1 Agrees | 0 Disagrees | Report Abuse »

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