Technically Speaking,

8 Jun

We’re screwed:

“The idea of a technical default – essentially delaying interest payments for a few days – has gained backing from a growing number of mainstream Republicans who see it as a price worth paying if it forces the White House to slash spending.”

This is technically the same thing as a Greyhound bus heading straight for a cliff and the driver flooring the gas pedal. This is technically the same thing as flicking a lighter in a propane tank filling station. This is technically the same thing as walking up to Manny Pacquiao and saying something not very nice to him about his mother.

Republicans were elected to fix the deficit and create jobs. So far their track record isn’t very good. Sure, they read selected portions of the Constitution into the record and passed a bunch of anti-abortion bills. But jobs? Not so much…

We have a spending problem, and if cutting spending means losing jobs, “So be it.” (John Boehner’s words, not mine.) We have a spending problem, not a revenue problem. Although, considering taxes are the lowest they’ve been since the buck stopped at Harry Truman’s desk, and considering we have the lowest tax rates of any industrialized country on earth, and considering if our tax rates had never changed since the days of Monica Lewinsky we’d be talking about a surplus right now, instead of talking about killing Medicare to save a buck – considering all that, it’s hard for any sane individual to make that “not a revenue problem” argument.

We have a spending problem, but that’s okay. See, if the U.S. goes into default, we won’t be able to spend anything – because technically, the dollar won’t be worth squat.

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5 Responses to “Technically Speaking,”

  1. Mike Elliot June 8, 2011 at 6:00 pm #

    Looks like I am a commenting fool on your site today.

    Anyways, I think we can both agree that language is important. How it is used and its meanings are even studied by philosophers and linguists. With that said, I take issue with your supposition that, “We have a spending problem, but that’s okay. See, if the U.S. goes into default, we won’t be able to spend anything – because technically, the dollar won’t be worth squat.

    We don’t have a spending problem, that implies we have the money to cover the bills and we don’t. What we have is a deficit spending problem; which adds to the debt, which increases interest payments, which leads to higher requirements for government revenue streams, which crowds out consumer buying power becuase of too much increased taxation, and inevitably crowds out the government’s ability to provide even the most basic services because all of our money is tied up in paying off the interest on the debt.

    This is the problem in a nutshell. Of coure there are other factors such as bond market problems and currency devaluation, but that is another topic.

    • wordkitty June 8, 2011 at 6:08 pm #

      I agree with you. I was playing around with Boehner’s “We have a spending problem” statements. But you’re right.

      • Mike Elliot June 8, 2011 at 10:46 pm #

        Lol…didn’t mean to come off like that. Sorry, if I appeared rude.

  2. Really Unreal June 8, 2011 at 10:10 pm #

    Easy to solve – take the tax cuts out of the budget – that gets us back a trillion or so. Take that money and do what they should – INVEST in America. Fix the damn highways and bridges that are collapsing. Fix and rebuild public schools that are crumbling and falling around our kid’s ears. That puts workers, trucke drivers, material handlers, contractors and the people who make the supplies that will be used all back to work. They’ll have money to spend at the store again so the stores can hire…trickle down.

    Stop paying defense contractors for crap we don’t need or want or is so outdated and over budget it’s unusable. Stop paying defense contractors who are way behind on delivery. Why are we paying for planes and tanks etc that are 10 years past due and we still pay them? Make the congress pay for healthcare like those other rich folks do. Don’t let them run one term and have medical and retirement for life – they didn’t earn it. Stop paying for stupid pork projects like museums on eggs and thimbles and toy cars. Let those people who make the toys build their own damn museums. Why isn’t there a citizen’s board who sits down like Kevin Kline in the movie “Dave” with these budgets and say “this it stupid – gone, this is stupid – gone.”

    • wordkitty June 8, 2011 at 10:42 pm #

      I really like your spirit. Ever considered running for office? I’m not joking.

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