There IS no impending doom if we cut spending for the next couple of years . . . . .

[PHILIP SCHNEIDER]

There IS CERTAINLY impending doom if we continue spending money and printing money.

One example? The price of gas . . . . . can any expert guarantee me/you that the increase in the cost of gas is NOT the direct result of the loss in value of the dollar caused by the printing of billions of NEW dollars? Does our dollar (including the newly printed ones) still buy the same number of barrells of oil from the Saudis or Libya or Brazil? Of course not.

Cut spending, stop printing.

Rep. Scott: Taxing Those At $100,000 And Up at 100% Will Not Get Us Out Of This Year’s Deficit

Thursday, April 14, 2011
By Eric Scheiner

Rep. Tim Scott (R-S.C.)

(CNSNews.com) - “The President tries to tax, to tax our way out of debt -- placing the burden on those earning more than $100,000,“ Rep. Tim Scott  (R-S.C.) said on the House floor Thursday morning.

“The problem, sir, is a simple one -- that if we were to tax these individuals 100 percent of their income, we still could not cover our deficit this year alone. As a matter of fact, to tax our way out of debt we would need to increase taxes across the board on every man, on every woman and every business by 60 percent. You simply cannot tax your way out of this debt,” Scott said.

In his fiscal address Wednesday, President Obama expressed his desire to allow Bush-era tax cuts to expire for individuals making $200,000 or more a year and couples making $250,000 or more as part of his plan to reduce the deficit.

President Obama was critical of Rep. Paul Ryan’s (R-Wis.) plan, The Plan To Prosperity, which would keep the current tax rates from the Bush era tax cuts of 2001 and 2003 in place.

(Actually Obama insulted and embarrased Ryan who Obama hade invited to sit in the front row during his speech).