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2013-02-16 Home Front: Politix
Harkin: 'Is It a Spending Problem? No ... It's a Misallocation of Wealth'
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Posted by Fred 2013-02-16 00:00|| E-Mail|| Front Page|| [330 views ]  Top

#1 Massive increases in spending by the Federal government is the misallocation of capital.
Posted by Raj 2013-02-16 01:16||   2013-02-16 01:16|| Front Page Top

#2 Do lefties get taught that wealth obeys the First Law of Thermodynamics, or does the notion just come inherently? Or is it just a way to rationalise their all-consuming jealousy?
Posted by Bulldog 2013-02-16 02:22||   2013-02-16 02:22|| Front Page Top

#3 But some friends of Champs [and his IRS] do pretty well.
Posted by Besoeker 2013-02-16 02:42||   2013-02-16 02:42|| Front Page Top

#4 In other news: Kerry goes to State. Warren Buffet pays $23B for Heinz; illegal options trading suspected in advance of tender.

Temps drop as cold front invades South.
Posted by Besoeker 2013-02-16 03:02||   2013-02-16 03:02|| Front Page Top

#5 "It's the lack of the revenue that we should be taking in to meet our obligations as a country," Harkin said.
Leave Facebook out of it. Dontya know he's the Champs buddy.
Posted by tipper 2013-02-16 04:15||   2013-02-16 04:15|| Front Page Top

#6 Then get rid of the sixteenth amendment.
Posted by Bright Pebbles 2013-02-16 06:41||   2013-02-16 06:41|| Front Page Top

#7 Thou shall not covet
Posted by Procopius2k 2013-02-16 08:17||   2013-02-16 08:17|| Front Page Top

#8  It's a Misallocation of Wealth

Due to Government interference in the economy?
Posted by g(r)omgoru 2013-02-16 09:53||   2013-02-16 09:53|| Front Page Top

#9 "Due to Government interference in the economy?"

Due to the gummint stealing and wasting misallocating the wealth to itself, grom.

But what you said too.
Posted by Barbara 2013-02-16 10:34||   2013-02-16 10:34|| Front Page Top

#10 Rent-seeking i.e. making use of under-charged for things the state actually does, or being a beneficiary of government extortion is the sole cause of asset mis-allocations.
Posted by Bright Pebbles 2013-02-16 11:02||   2013-02-16 11:02|| Front Page Top

#11 The good senator himself is estimated (by the Wapo) to be worth $16 mil, despite (or because of) having been a public servant for the last 30 years, so I think we can safely assume that he's talking about reallocating OPM.

The federal gummint spent something like $3.8 trillion last year as near as anyone can tell. If that's not a spending problem, what would a spending problem look like? $38 trillion?
Posted by Matt 2013-02-16 11:39||   2013-02-16 11:39|| Front Page Top

#12 I have a "Misallocation" of Capital, I don't have any, why won't Obama help me. (Whine, whine.)
Posted by Redneck Jim 2013-02-16 11:46||   2013-02-16 11:46|| Front Page Top

#13 If you "misallocation" had been by hmm, hmm design, Obama would be there for you.
Posted by Shineger Schwarzeneggar2970 2013-02-16 12:06||   2013-02-16 12:06|| Front Page Top

#14  Then get rid of the sixteenth amendment.

For once, I agree.
Posted by Pappy 2013-02-16 13:06||   2013-02-16 13:06|| Front Page Top

#15 Congress rigs the tax code for their cronies. Look in the mirror Mr. Hawkin.
Posted by Procopius2k 2013-02-16 13:26||   2013-02-16 13:26|| Front Page Top

#16 Thing is....

What did the Government do FOR facebook that would justify them paying any (direct) tax?
Posted by Bright Pebbles 2013-02-16 13:46||   2013-02-16 13:46|| Front Page Top

#17 What did the Government do FOR facebook that would justify them paying any (direct) tax?

That's an awfully considerate thought to have about a corporation that did so much to help this government retain power. Simply put, Facebook Corp. and its owners and mangement deserve to suffer because they've been acting to keep the Asshole in power and making _me_ suffer.
Posted by Thing From Snowy Mountain 2013-02-16 13:49||   2013-02-16 13:49|| Front Page Top

#18 Misallocation of wealth. I call it trough addiction. When is Tax Freedom Day this year?
Posted by JohnQC 2013-02-16 19:05||   2013-02-16 19:05|| Front Page Top

#19 Yet Facebook - Obama's buddy - gets a tax refund of some +400M+. Half a Billion dollars folks.
Posted by CrazyFool 2013-02-16 19:24||   2013-02-16 19:24|| Front Page Top

#20 The idea a society can consume wealth is the worst kind of economic illiteracy.

The only way it can be done is to sell productive assets to foreigners, effectively exchanging them for consumables from that country.
Posted by phil_b 2013-02-16 20:18||   2013-02-16 20:18|| Front Page Top

22:57 whatadeal
22:52 whatadeal
22:22 lotp
21:03 JosephMendiola
20:58 JosephMendiola
20:49 Pappy
20:27 Besoeker
20:24 Besoeker
20:22 Thing From Snowy Mountain
20:21 Besoeker
20:18 phil_b
20:18 Thing From Snowy Mountain
20:06 Barbara
20:02 Barbara
19:55 Bright Pebbles
19:52 Alanc
19:46 Procopius2k
19:42 Nimble Spemble
19:36 trailing wife
19:28 trailing wife
19:24 CrazyFool
19:22 Frank G
19:13 lord garth
19:05 JohnQC

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