A Modest Proposal

Nancy Pelosi points out the problem with Paul Ryan’s Path:

NancyPelosi Nancy Pelosi
#GOP Path to Poverty budget eliminates guaranteed benefits for seniors under Medicare http://is.gd/LEmuZp #GOPvalues

And:

The #GOP Ryan budget is a path to poverty for America’s seniors & children and a road to riches for big oil #GOPvalues

Pretty powerful stuff, no?

But Geoff brings up the ugly truth of the matter with those pesky facts and number-things.

So here’s the bottom line. If you believe that the GDP will start growing at a healthy rate and continue at that rate forever, and if you manage to reform Medicare, Medicaid, and Social Security, and if you reform the budget process, and if you reform the tax code, and if you accomplish all these reforms in FY12, then you might be able to pay off this year’s spending within 11 to 12 years. Or maybe the decade after.

This is what the President and his crackerjack economic team have wrought. A one-year deficit that is so large that it can only be paid back if everything goes exactly right. And if everything goes exactly right, we’re still looking at decades before we can get back to the debt level we had only 6 months ago.

He sounds h8ty. You think he’s a racist?

Anyway, Kevin D. Williams has a marvelous solution. Seniors and children WILL BE SAVED!

All we need to do is to raise the tax rate, on everyone, to 88%. For The Children™. And old people.

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20 Comments on “A Modest Proposal”

  1. geoff Says:

    Thanks for the link, Car in.

  2. OceanCat Says:

    Deficits. Don’t. Matter.
    ~~Dick Cheney

  3. Car in Says:

    Anytime.

    *cuts self.

  4. Car in Says:

    OC – Obama has demonstrated that deficits do matter. They matter a whole lot.

    $1.425 TRILLION deficit.

    Makes Bush’s $400 Billion (08) look like a pittance.

    Obama tripled the deficit. With no end in site.

  5. OceanCat Says:

    So what? President Cheney said it: Deficits don’t matter. So it must be true.

    I heard all this same bullshit from Saint Reagan when he was running for president the first time; the horrific debt we were leaving for our grandchildren, the welfare queens were causing it, fucking unions must be stopped, blah blah blah. That didn’t stop Reagan from tripling the deficit during his 2 terms.

    You have to spend a little to get out of a recession. This debt has been going on a long time. It’s not an emergency to get it down this year. It’ll be OK, really. Stop setting your hair on fire.

  6. Car in Says:

    You have to spend a little to get out of a recession. This debt has been going on a long time. It’s not an emergency to get it down this year. It’ll be OK, really. Stop setting your hair on fire.

    You’re simply wrong, OC. It is an emergency to stop it.
    It is an emergency to figure out how to pay it off.

    You can play politics all you want with your little cute Cheney quotes, but it just demonstrates that you are un-serious.

  7. OceanCat Says:

    Stop it by clawing back the tax breaks for the super rich and getting us out of these oil wars.

  8. Jay in Ames Says:

    Only time OceanCat has listened to Cheney and Reagan.

    If it’s oil wars, why is gas $3.79 a gallon? If it’s all tax breaks for the rich, why do they pay 40% of the tax, while making 30% of the money?

  9. xbradtc Says:

    Wait, I thought OC supported Obama’s position during the campaign that we absolutely had to get control of wild government spending?

    It is *almost* like OC has no discernible guiding principle other than slavish devotion to a politician…

  10. Car in Says:

    You got some names and numbers, and rates on those tax breaks for the super rich?

    Although GE gets tax breaks ($250 per “Green” appliance” they make) and those guys are Obama’s best friends.

  11. wiserbud Says:

    I think OC needs to watch this:

    http://www.youtube.com/watch?v=661pi6K-8WQ

    There is simply no way that soaking the rich will get us out of the situation that the spendthrift left has gotten us into.

    Especially since the bottom 50% barely pay any taxes at all and the rich basically already pay the majority of taxes.

    The poorest fifth of the population, with average annual income of $15,400, pays only 4.5 percent of its income in federal taxes. The middle fifth, with income of $56,200, pays 13.9 percent. And the top fifth, with income of $207,200, pays 25.1 percent. The richest 1 percent, with an average income of $1,259,700, forks over 31.1 percent of its income to the federal government.

    http://www.roshawnwatson.com/2010/05/do-rich-pay-their-fair-share-of-taxes.html

    But don’t let facts get in the way of your blindingly stupid opinions, OC.


  12. It is *almost* like OC has no discernible guiding principle other than slavish devotion to a politician…

    Is that what we’re calling it now? I thought we had a different word for this Chris Matthews-like fawning.

  13. MJ Says:

    I love the class warfare arguments. It’s essentially this: If I can’t have it, nobody can have it. OR If I don’t have it, gimme!

  14. geoff Says:

    So what? President Cheney said it: Deficits don’t matter. So it must be true.

    Cheney was wrong then, but you get more wrong as the debt level increases compared to GDP. Today he would be horrendously wrong.

  15. OceanCat Says:

    So…if President Cheney was WRONG, then where was the outrage from the Conservatives then? Surely there must have been some.

  16. geoff Says:

    So…if President Cheney was WRONG, then where was the outrage from the Conservatives then? Surely there must have been some.

    There was. Duh. We’ve never been happy with the Bush administration’s fiscal policy. Duh. We said so at the time, but our complaints quickly got sidelined when we had to address the other ridiculous claims against the Bush administration.

    Thanks for that.

    Of course, given the Obama administration’s performance, which beggars the imagination, we’re all wishing we had the Bush deficits to complain about.

  17. Hotspur Says:

    I didn’t know you fine people back in the Bush days, but I can assure you that I screamed to the rooftops about his spending. But the lefties will not criticize their Messiah™. Instead, all they can say “Bbbbbuttt, Bush.”

    Hey, Ocean Cat, how’s your little Teleprompter’s new war going?

  18. Squid Says:

    OC,

    I’ve noticed that refer repeatedly to “President” Cheney. I’ll go out on a limb and assume that your intention in so doing is to assert that Bush was too stupid and unsophisticated to serve as President, and that Cheney was the real power behind the throne.

    Assuming that my interpretation is correct, I’d like to posit to you another scenario: Let’s say you’ve been given a President who cannot or will not make tough decisions; who prefers golfing to leading; who gets irritated with the criticism and endless niggling details that make up the office. Further, let’s posit that the Vice-President is equally unsuited for office, being prone to outbursts of surpassing stupidity and naivete.

    In such a situation, Ocean Cat, who do you suppose writes the script on the TelePrompter?

  19. agiledog Says:

    OceanCat, it is clear in all the discussion about Cheney that he was saying that deficits don’t matter politically – and if Obama gets relected, he’ll prove Dick was right!

    You have to spend a little to get out of a recession. This debt has been going on a long time. It’s not an emergency to get it down this year. It’ll be OK.

    Spend what? “spend a little”? We already don’t have the money. So you are saying when the checking account is empty, go on a spending spree with the VISA? With this thinking, your credit score must be lower than your I.Q.

    And in your M.B.A.-educated supreme intelligence, would you tell us when the debt level is NOT OK? When is it too much? Come on, give us a number or a percentage, genuis.

  20. wiserbud Says:

    Come on, give us a number or a percentage, genuis.

    Hopefully you’ll get your answer sooner than I get mine.

    Why, it’s almost as if OC is not intelligent enough to answer even the simplest of questions put to her.

    Almost makes one miss Bob, despite his pathetic obsession for the sexual practices of his boy-toys. At least he would attempt to answer questions, even if he was almost always horrible, insanely wrong.


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