Quote Originally Posted by DuncanONeil View Post
I believe this is referred to as denial!

There is a phrase about having your cake and eating it to. This is what applies here. The numbers in the article show that black communities are getting far fewer loans than white communities Yet the person is claiming that the cause of the problem is that the black community is getting more high risk loans which the bankers know are sure to default. You are hence claiming they are both getting less loans and more loans. This is obviously absurd. Your 1 word statement of "denial" does nothing to answer this criticism.

Do not know what your source is but it sounds a lot like wishful thinking to protect the real perp.


Simple statements with no support. A logical look at this should suffice. If people have more of the money they worked for then they can choose what to do with that money; save it, spend it, invest it. In each case this money creates work for someone, that work generates income that income is taxed. since there is an increase in income then the revenues to the Government increase.
The greatest cause for Government income problems is the fact that there is no restraint on the Government checkbook. Would you not love the ability to increase you credit line if you were getting close to that limit? Even under the current conditions, when any sane person would realize that income is down and the need to cut spending the Government is doing just the opposite! Where does the Government get its money? Especially when they have "promised" to see that there is not one dime in tax increase for people earning under a certain amount. What is a fee on a business other than a tax? When taxes are increased on a business who pays that tax?
So basically according to you when business spends money it creates work for people and when government spends money it doesn't. You have presented no evidence at all for this false dichotomy. You seem to support the idea that tax cuts generate wealth for governments yet you can't support the idea that governments spending money to drive the economy generate wealth for governments. Interesting. Seeing as you don't advocate deficit spending in a recession I'll just be happy you don't have a career in politics. ALSO PROVIDE A SOURCE FOR YOUR ARGUMENT.