So, it appears we’re close to an agreement on the debt limit. I’m confused how the Republicans allowed themselves to get beat so badly. Near as I can tell we are not going to reduce spending but we are going to raise revenue.
Democrat’s dream.
How pathetic.
Posted in Government, Politics: National, Republicans Can Be Leftists Too
Tagged Debt Limit, Deficit
If you aren’t reading Carpe Diem, you should. Go, right now, check out Mark Perry’s site.
This whole thing started way back when. I was an avid reader of Rob Neyer over at ESPN. I was very much into baseball and stats and just the game. I loved me some Neyer. Since then, however, ESPN has made his stuff paid content and I no longer go to ESPN. But whatever, ‘nother story. One day, a long time ago, Rob mentioned a writer in Minnesota, Twins Geek. And Twins Geek wrote a blog. And I didn’t know what a blog was. But it had the words, Twins, Geek and Neyer, so I checked it out.
And it turns out Twins Geek is a dude from Minnesota who works in an office doing office type work who just loves to write.
And I love that.
So, now I know what a blog is and I start looking for one. And I trip upon Coyote Blog. And NOW it’s on. This is just too cool. And, after reading Coyote for awhile, I notice he refers us to Carpe Diem on a regular basis. And Mark Perry is from Minnesota. And he writes about interesting stuff in a way that just makes sense.
So I read him everyday.
In fact, he is a large inspiration for the stuff I write here. Only, like, he’s better and smarter, but hey, I have longer hair!
Anyway, via Mark Perry at Carpe Diem comes this:
We have what you call a spending problem.
By the way, if you like baseball and can stand the Twins, check out this most amazing site dedicated to Sabermetrics with a Twin’s twist. This guy is the hero. Dropped out of school at the UofM, living in his mom’s townhouse blogging about baseball at 3,000 words a clip. Gets picked up by NBC sports and is livin’ large.
I think that I am consistent with the Republican party’s claim that one Mr. Barack Obama spends too much. Further, I think that I am consistent with the same Republican party in their view that it’s spending, not revenue that’s the problem. After all, I’ve demonstrated that receipts increase year over year at a 7.2%. And by simply slowing the growth of government, we can balance the budget in as little as 19 years. God forbid what happens if we actually REDUCE the year over year of the government spend.
To that end, there has been much talk in the nation about that government spending. Where it came from and who is actually spending it.
Remember, the subject is spending. And that Barack is doing more of it than anyone else.
The context is “who is contributing to the massive increase in government spending we are seeing?”
And the answer to that question is being answered by this graph:
Posted in Diplomacy, Economy, Government, Politics: National
Tagged Barack Obama, Debt Limit, George Bush, Spending
Latest InTrade chart on whether or not Washington will raise the debt ceiling by midnight July 31st, 2011.
Doesn’t look positive.
On the upside, if you think they pull out of this spiral by July 31st at midnight, there’s money to be had!
So, yesterday I posted about a possible solution to the deficit and the debt. In those plans I accommodated those on the right who insist on a plan that includes no new revenues due to tax increases. Further, I accommodated those on the left who insist on a plan that doesn’t cut; in fact my plan GROWS government each and every single year.
As I ended my analysis I demonstrated a method by which both of those targets were met AND we backed away from the debt limit that we are struggling with today. The solution began to reduce the the deficit in year 1. And it balanced the budget in year 19. It’s the perfect trifecta.
But what if we can do better? What if we can reduce the amount of time in which we are free of the deficit?
I think we can:
Posted in Economy, Government, Politics: National, Rocket Surgery
Tagged Budget, Debt Ceiling, Debt Limit, Politics, Tax Policy Center
The talk of the town is the debt limit. Raise it or not raise it; and what it would take TO raise it.
Reasonable people can agree on a couple of things:
I honestly feel that if you were to ask this question, hidden in such a way as to bypass the normal political partisanship, every single American would agree. If the checking account is overdrawn, a second job becomes something to consider and a review of the household spending becomes a priority.
But, how do we agree on such a combination when the discussion changes from the household budget to the federal budget? How can we get folks who demand that we raises taxes together with folks who demand we don’t? How do we get people who refuse to cut spending to shake hands with those who feel we HAVE to cut spending?
I propose that we do it by doing neither.
Watch:
Posted in Economy, Government, Politics: National, Rocket Surgery
Tagged Budget, Debt Ceiling, Debt Limit, Deficit, Politics, Tax Policy Center
This just in from CBSNews:
Over to our correspondent’s desk in Raleigh for related news:
100% of Pino children polled Disapprove of the Parents handling of the “Veggies for Dinner Crisis”.
Back to you….
Hat Tip SkyDancingBlog
Posted in Economy, Fun, Government, Politics: National
Tagged Barack Obama, Debt Limit, Democrat, Republican