Lots of Libertarians speaking today. May I share my contact with Libertarianism? Years ago, there was an Exchange Club in Hixson. They featured breakfast meetings (Shoneys) and a speaker. One meeting featured two young Libertarian speakers who railed at all the items being railed against here plus some. Unable to stand much more of this, I rudely interrupted, "You guys would have us back to Child Labor!". The reply? "Well, if those children don't like their situation, they could sue!" One of the members, an attorney who is now on the bench said, "Well, that sounds great for me."
I think David was just trying to be "thought provoking" here and maybe taking a bit of a slap at our Tea Party Congressman. Warren Buffett made much more sense about taxes on the super rich. I also think David may have missed an action by our Congressman; he was one of the sponsors of the "Balanced Budget Amendment" which is both simplistic and dangerous.
My reading of the Depression period was that things were indeed turning around in the mid 30ies so FDR attempted to balance the budget. This (in hindsight) being too soon, the economy took another dive. The massive stimulus and jobs program also known as WWII brought America back to prosperity but at a terrible cost in blood.
Wow, I'm seeing some "Right Wing Anger" at perhaps the most successful American investor. "Class Envy" from Warren Buffet? What is "Class" around here? Born on third base? Married the Umpire's daughter?