Whine & Cheese

Not to mention - there's only so much you can spend! Imagine how little market there would be for restaurants; Dr A only needs to eat three meals a day. He only wears one set of clothes at a time. Being one person, he can drive only one car at a time; what need are there for roads that go somewhere Dr. A never will?As you say, a large amount of wealth in a small number of hands doesn't produce the same kind of demand that a large number of hands each with a smaller portion does, but it also doesn't produce the same level of demand, either. Our needs are not insatiable, even at truly obscene levels of wealth and decadence.The world where wealth is redistributed out of the hands of the wealthy is a world with more potential for business growth, not less. Buzsaw is wrong, as usual, in oh so many ways.

Strange, Buz. I would have thought that China, with its tax-free Special Economic Zones; China, where attempting to unionize is punishable by as much as a decade's imprisonment; China, with no EPA or OSHA to protect workers by interfering with business; China, where an industrial daily wage is less than five dollars - would have earned more of your respect, given that it's the embodiment of the Republican vision for America. And yet the efforts by the EPA to prevent that from happening here in the US earn nothing but your enmity. Funny, that.

Let's test your comprehension of government-scale finance issues. In too deep to who? Please be specific. Please note that if your answer is "the Chinese", you should be aware that for every dollar of US debt owned by foreign companies, we own 82 cents in foreign debt. If I owe you ten dollars and you owe me eight, how much money do I actually owe you?

There's only a deficit because, every year, Congress arranges that there be one:If Congress decides to sit on its hands in 2012, there will be almost no deficit in 2013. Under the law there's no budget deficit; Congress keeps changing the laws for that year to extend tax cuts and enact the yearly "Doc fix."