A Real Discussion On The Coming US Fiscal Disaster
The following video, an interview with former senator of Wyoming Alan Simpson, goes through the details of exactly what you will not hear during 99.9% of the mainstream news conversations: the truth.
Let me say first that I love Paul Ryan, and I will be discussing his plans for deficit spending cuts in detail as we move closer to the election. I would be proud of America if he was running for President.
Let me also say that all his excellent ideas will never come close to passing and most likely will not even enter a room for discussion. The United States is run by a group of children, and the only force that will enter the room and force them to make one serious decision is the bond market. That day is coming.
In the meantime we can only sit back and watch and discuss the disaster that is unfolding, which Simpson lays out beautifully. "Medicare is on automatic pilot, and it will use up every resource of the government." Instead of starting with a .0007% cut in the budget through some education cut, why don't politicians start with that simple statement and work backwards? Anyway, this is why I don't talk about this ridiculous subject. Let's just continue to focus on how we will profit from the disaster.
Much more from Simpson:
Let me say first that I love Paul Ryan, and I will be discussing his plans for deficit spending cuts in detail as we move closer to the election. I would be proud of America if he was running for President.
Let me also say that all his excellent ideas will never come close to passing and most likely will not even enter a room for discussion. The United States is run by a group of children, and the only force that will enter the room and force them to make one serious decision is the bond market. That day is coming.
In the meantime we can only sit back and watch and discuss the disaster that is unfolding, which Simpson lays out beautifully. "Medicare is on automatic pilot, and it will use up every resource of the government." Instead of starting with a .0007% cut in the budget through some education cut, why don't politicians start with that simple statement and work backwards? Anyway, this is why I don't talk about this ridiculous subject. Let's just continue to focus on how we will profit from the disaster.
Much more from Simpson:
I don't agree with your assessments. My problem with Paul Ryan is that he is asking those that will need medicare to make huge sacrifices. What about the so called 1%? What are they giving in? Less taxes? That's for me is not sacrifice. If we need to have pain, everybody should share it.
ReplyDeleteMy second problem with Paul Ryan is that his proposal, despite what he says, doesn't address the specifics and it doesn't even cut the deficit until two thousand and thirty something.
I understand what you are saying but this debate is like arguing whether you prefer unicorns over leprechauns. No budget with any serious cuts will pass so its not worth going back and forth over nothing.
ReplyDeleteFortunately we have the benefit of watching what happens when no spending cuts are implemented and the 1% is targeted in force. It is happening right now in France with their 75% tax rates on the rich. Watch the disaster that takes place in their economy over the next 24 months - it will truly be a spectacle.
Have no fear because no one will be forced to make sacrifices in America, the 99% or the 1%. In America it is a free lunch for all.
I think that Bowles-Simpson was a good start. Ryan was the only one to vote against it.
ReplyDelete"Let me say first that I love Paul Ryan"
ReplyDeleteEt tu Tuna?
So you pull a Rand Paul on us.
Dude, you lose huge credibility with endorsing Ryan.
He's a pro-corporate,fascist warmonger willing to ditch ma and pa kettle before lowering profits for big pharma, war industries, the police state,etc. Hell, he's a mittens wanta-be, married to a rich woman just like John Cain & John Kerry.
Seriously, I am off to other pastures.
You preach to another choir now (perhaps 30-40 yearish yuppies looking to emulate their parents).
No shit .... you really did go Rand Paul on us.
Sellout.
Great response. This is why I don't talk about politics. People get more emotional than if I was talking about their own husband/wife or children.
Delete