Showing posts with label 2011 Federal Budget. Show all posts
Showing posts with label 2011 Federal Budget. Show all posts

Monday, July 27, 2015

Trump on Scott Walker


Tuesday, April 26, 2011

The Budget Director

I enjoyed David Stockman's recent piece on what has to be done in order to reign in our nation's debt. Likely, no one is going to like what needs to be done including myself. He gets right to the point very quickly.

The resulting squabble is not only deepening the fiscal stalemate but also bringing us dangerously close to class war. This lamentable prospect is deeply grounded in the policy-driven transformation of the economy during recent decades that has shifted income and wealth to the top of the economic ladder. The share of wealth held by the top 1 percent of households has risen to 35 percent from 21 percent since 1979, while their share of income has more than doubled to around 20 percent.

The culprit here was the combination of ultralow rates of interest at the Federal Reserve and ultralow rates of taxation on capital gains.

Hmm...who else has been saying these same things? Me. And I was never lucky enough to be the Budget Director for Ronald Reagan. So, Stockman's not exactly a liberal although by the current GOP's standards he's probably a communist. Later in the article, he puts forth some solutions, one of which I don 't agree with at all.

We are about to descend into class war because the Obama plan picks on the rich when it should be pushing tax increases for all, while the Ryan plan attacks the poor when it should be addressing middle-class entitlements and defense.

Well, there it is. At least someone had the guts to say it. Everyone needs to have their taxes raised. Except I can't see how that would be helpful given the decided lack of consumer confidence. Given that consumers make up two thirds of our economy, raising taxes on the lower 90 percent, in my opinion, would be disastrous. The middle class is the engine that drives this economy and they do not need any more burdens place upon them.

Overall, Stockman's piece states the obvious. Everyone wants solutions but no one wants to sacrifice. Worse, political theater is driving all of this which means nothing is getting done. I've stated many times on here that, as far as I'm concerned, everything is on the table including Social Security and Medicare. Hell, simply controlling the growth of Medicare would make a significant dent in our deficit and debt. Of course, that would mean controlling the cost of health care which means government regulation which means a pile of skulls, right?

Friday, April 08, 2011

An Illustrative Slice

The following question was asked of me recently in comments.

How do you manage to get such a undeservedly high opinion of your own judgement?

In order to answer this one, let's take a look at the recent fight over the budget. As I am writing this, it seems like the sticking point is Planned Parenthood. Let's take a look at what each side has to say about it.

The Democrats say that the GOP is holding out so they can prevent poor women from getting cancer screenings.

It's a spin filled way to make a point and takes a page from the fear mongering play book. But it is technically true. The GOP wants to defund Planned Parenthood and PP does provide health care for people with lower incomes.

The GOP says that the Democrats want to use taxpayer money to fund abortions.

Not only is this statement filled with fear mongering, it's also inaccurate. They Hyde Amendment prohibits federal funds from being used for abortions. But, being the scorched earth paranoids that they are, the GOP want Planned Parenthood destroyed.

As you can see, it doesn't take a genius to make a judgement call on which of the two parties lives in a fantasy land. We (as in our entire country) could move forward if we didn't have to spend time managing their fantasies.

This would be one of the primary reasons I have this blog: to call them on their bullshit. Democrats have bullshit too but it's not anywhere at the level of the GOP these days. Liberals, by their very nature, are more reflective. I certainly am. I think Dennis Kucinich is naive, nuts and completely full of shit. Hank Johnson is really off his rocker and Barney Frank is a dick. Most of the left think so as well. These are all opinions, of course, but they honestly are true. Yet I would these same words to describe Michelle Bachmann and Sarah Palin. Other than a stray comment here or there (juris would be one, although he is not a conservative), conservatives won't rip those two or anyone else (see: Donald Trump of late) who say crazy shit because they know that's how they appeal to their base.

Essentially, liberals have better judgement than conservatives, generally speaking, because of the very meanings of each word.

LIBERAL: Open-minded or tolerant, especially free of or not bound by traditional or conventional ideas, values, etc.Favorable to progress or reform, as in political or religious affairs.

CONSERVATIVE:a person who is reluctant to change or consider new ideas; conformist. Disposed to preserve existing conditions, institutions, etc., or to restore traditional ones, and to limit change.

People that are that reluctant to change, admit when they are wrong, refuse to consider new ideas, and protect their own regardless of how batty they are demonstrate a clear lack of good judgment.

In other words, it's that my judgment is perfect. It's that their judgment, by their very nature, is so incredibly bad.