Obamanomics in one quote
Posted by aogFriday, 17 February 2012 at 13:47 TrackBack Ping URL

Treasury Secretary Timothy Geithner, speaking on behalf of the Obama White House, to Rep. Paul Ryan: “You are right to say we’re not coming before you today to say ‘we have a definitive solution to that long term problem.’ What we do know is, we don’t like yours.”

I like this comment on Turbo Timmy’s statement

Those two sentences speak to a mentality so bereft of intellectual vigor, so stunningly and candidly shallow, so thoroughly irresponsible, so politically myopic, selfish, and cowardly, that it should disqualify this crew from a second term in office. What a disgrace. Remember this moment the next time Democrats accuse the GOP of being the “do nothing,” intransigent, “party of no.”

What type of concern for the poor and middle class is it to willfully drive the ship of state in to a debt based collapse? Doesn’t this also demonstrate how completely unconcerned the Democratic Party and MAL are about anyone but themselves in the ruling class? One need only look at the results of the so-called “stimulus” from three years ago to see how unaccountable our new nomenklatura is as they spend so much of our wealth for basically nothing (if not making things even worse for everyone else).

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AVeryRoughRoadAhead - Winter is coming... Saturday, 18 February 2012 at 04:49

Which is why I wish that the Tea Party members of Congress would actually DO SOMETHING useful, such as use their soapboxes to articulate that the only way through the looming fatal funnel is to slash the big benefit programs: SS, Medicare & Medicaid. (Along with everything else, natch.)

They will of course be excoriated for so doing, but they might plant a seed if they include a lot of visual aids in their presentations.

The National Commission on Fiscal Responsibility and Reform concluded back in ‘10 that if nothing was done, (and nothing has been done), then the “ka-BOOM” is likely to occur shortly after Romney is sworn into office.

Annoying Old Guy Saturday, 18 February 2012 at 12:57

use their soapboxes to articulate that the only way through the looming fatal funnel is to slash the big benefit programs: SS, Medicare & Medicaid

Like, say, Tea Party favorite Congressman Paul Ryan? It’s happening, you’re just not noticing.

AVeryRoughRoadAhead - Winter is coming... Saturday, 18 February 2012 at 14:26

The Ryan Plan has no possibility of working, as it doesn’t go far enough. So, if your idea of efficacy is to be somewhat less delusional but still doomed to failure, then yeah, go Tea Party favorite Congressman Paul Ryan.

It’s like what you wrote about Santorum, “he doesn’t mean it, but at least he was willing to articulate something with which I can agree…”

Lip service doesn’t cut it with me anymore.

Annoying Old Guy Sunday, 19 February 2012 at 07:22

If you really believe that, you should be stockpiling guns, ammo, and food. Ryan’s plan remains stronger medicine than our current ruling class can tolerate. That means the idea that proposing something even stronger would be of any use is delusional. The Tea Parties seem to have a better grasp of what can actually be done, and that if you’re serious (as opposed to venting) you have to accept the best that is possible to achieve, not the best that you can think of. Don’t let the perfect be the enemy of the good.

Hey Skipper Sunday, 19 February 2012 at 19:38

I don’t want to sound like Pollyanna, but:

- The headline rate of inflation so exaggerates reality that the gov’t probably could just print some more of the stuff without causing any significant actual inflation.

- Fracking has uncovered probably a century’s worth of natural gas which could yield significant tax revenue. Before scoffing, remember Alaska.

- Social Security is not, yet, a problem. I predict that when it does, the reaction will be to start means testing SS. That means the well off portion of the population will take a bath. However, SS’s problems are the primarily the consequence of demographics, not the idiot machinations of politicians. IMHO, the same part of the population that will take the bath is also savvy enough to understand that the math is incontrovertible, and that there are simply no other options on offer.

AVeryRoughRoadAhead - Winter is coming... Thursday, 15 March 2012 at 12:21

It’s happening…

You’re right, of course. Tom Coburn, Alan Simpson, Erskine Bowles, David M. Walker, even (it pains me to say) Austan Goolsbee - the Truth is Out There.

I was just indulging in magical thinking, that if, somehow, it was explained better, the public might wake up…

If you really believe that, you should be stockpiling guns, ammo, and food.

Well of course I have. It seems to me that even during halcyon times a prudent person ought to have a goodly supply of each.

Don’t let the perfect be the enemy of the good.

Normally good advice, but the problem here is that “good” isn’t good enough. Only the perfect can save us now.

Ryan’s plan remains stronger medicine than our current ruling class can tolerate. That means the idea that proposing something even stronger would be of any use is delusional.

The point of proposing something that’s stronger than is politically achievable isn’t to get it immediately enacted, it’s to emotionally and psychologically prepare the public for that which is inevitably coming, to soften the blow, lessen the pain.

Fracking has uncovered probably a century’s worth of natural gas which could yield significant tax revenue. Before scoffing, remember Alaska.

Whilst it is an important and welcome exploitation of resources, you may want to take a look at the depletion rates and long-term production figures for existing shale plays before boldly predicting a “century’s worth” of gas. Will those beds produce for a century? You bet. Will they produce at sufficient rates to meet current demand, to say nothing of future growth? Very doubtful.

It’s a puzzle piece, not a silver bullet.

Social Security is not, yet, a problem.

SS is, right now, cash-flow negative. That’s an immediate problem, and only the beginning.

I predict that when it does, the reaction will be to start means testing SS. That means the well off portion of the population will take a bath. … IMHO, the same part of the population that will take the bath is also savvy enough to understand that the math is incontrovertible, and that there are simply no other options on offer.

I couldn’t disagree more.

Please point out some examples in human history where the well-off and elites voluntarily took the short end of the stick.

There will be an epic political struggle to settle who will be the winners and losers of this situation, to see who ends up holding the bag. The math is incontrovertible, but the names of the losers are NOT. Therein lies the heart of the conflict.

erp Thursday, 15 March 2012 at 13:47

Am I the only one who knows why ss is on the ropes and it isn’t us geezers.

Annoying Old Guy Thursday, 15 March 2012 at 15:24

Can we blame the geezers for electing the people who made the problem?

AVeryRoughRoadAhead - Winter is coming... Thursday, 15 March 2012 at 16:02

Not the current crop of geezers anyhow.

Broadly speaking, it’s the Boomers’ fault, although it’s a long and nuanced post to explain exactly why.

And again broadly speaking, it’s the Boomers who will be most hurt by the failure of our retirement system, public AND private, (for don’t think for even an instant that private pensions or various other non-SS public pension schemes are any better off than is SS), so a rough justice will prevail.

erp Thursday, 15 March 2012 at 18:33

aog, short answer: No.

See Rough for the long answer. I think he’ll get this one right.

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