David Price's Blog

David Price

David Price
Location
Denver, Colorado, USA
Birthday
August 15
Title
Writer-Poet
Company
The Company

MY RECENT POSTS

AUGUST 7, 2012 1:53PM

Slash Taxes and Drill Baby, Drill

Rate: 1 Flag

The National Debt isn't as bad as it looks nor is it dangerous. 5.1 trillion of the debt is owed to the Federal Reserve Board. Since half the Fed is owned by the Federal government, the debt is statutory. We pay the interest on it. We have no intentions of paying the principal and never have.

Another five trillion is owed to Social Security. Again, we pay the interest on this and have never intended to pay the principal.

What we need is an across the board tax cut of about a trillion over the next three years.

This will stop the bleeding and by the time the tax cuts expire, the oil gas boom in the NAFTA countries will be on line and pulling us out of this economic mess. In ten years, we will be energy dependent on the countries of NAFTA and nobody else.

It is imperative that environmentalist not be allowed to destroy our economy. The drilling and extraction can be done safely. This is so important that it President Obama doesn't signal that he will support this “Drill, baby drill” attitude, I will vote for a Republican for the first time in my life.

Author tags:

politics, economy

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What are you smokin man? The tax cut thing hasn't worked for the last decade. Go vote Republican. You're gonna lose anyway.
good idea, then the guys making all the bucks can make more, you can give them more of your money, and when you die from asphyxiation or drown in the flood blame yourself. That's deep thinkin' deep.
The tax cuts could happen, but would do more harm. The natural gas is there, but I don't see many cars running on CNG. The oil thing is a fantasy, but a popular one among the oil know-nothings.

That aside, I don't see any spelling errors.
Now I know why I was such a extremist hippie freak, back in the day. I felt 'they' were all out to 'do us in'. I never have understood politics, or even when I did, I still seemed to walk away scratching my head. You will hate me, I am sure, caz I do not vote, I think it is all a bunch of hooey! But I will bear arms to defend my country should that time ever come. :)
Is this a trick question :-)
The current boom will not only produce natural gas, once in shale, it will produce unheard of quantities of oil. Raise your hand if you are for $1.85 gasoline or would you prefer to return to a pastoral life without electricity, cars, trains and airplanes?