Skip to comments.Where Even a Kid Born in a Log Cabin in Kenya Can Get High and Be President
Posted on 07/31/2013 5:46:15 AM PDT by Kaslin
Its official: Nothing matters but getting the next great fix.
Hook us up Doc, feed it to us; inject it. It doesnt matter how we get it, as long as we get it.
The future doesnt matter, as long as we get high immediately.
The drug of choice is government money of course.
The examples are legion.
The Congressional Budget Office, responding to a request from congressman Chris Van Hollen, Democrat rep. from the Peoples Republic of Maryland, said this week that while cutting government spending now will marginally hurt growth the next few years, in future years it will help the economy grow.
Although output would be greater and employment higher in the next few years if the spending reductions under current law were reversed, says a portion of the CBO letter to Van Hollen quoted in the Washington Post, that policy would lead to greater federal debt, which would eventually reduce the nations output and income below what would occur under current law.
But of course, thats not the takeaway were seeing in the papers, so to speak. Or amongst politicians, who get their talking points from the papers or vice versa.
CBO: Sequester cuts would cost up to 1.6M jobs through 2014, says The Hill!
CBO Says Reversing Sequester Would Boost Employment, Output, echoes the Wall Street Journal!!
Sequestration Will Prevent Creation Of Up To 1.6 Million Jobs In Next Year ..., is the predictable reaction of the Huffington Post!!!
Oh, %@#$^#!!!!,says I.
If there is a persistent war on anyone going on these days, its a war on our kids and grandkids.
Every time we borrow a dollar, it costs us ten future dollars sometimes more- in debt service.
"It's the school district equivalent of a payday loan or a balloon payment that you might obligate yourself for," says Democrat Bill Lockyer, Californias state treasurer about one such arrangement common for school districts in the Golden-Plated State. "So you don't pay for, maybe, 20 years and suddenly you have a spike in interest rates that's extraordinary."
Last year the Poway, CA school district borrowed $100 million with a repayment cost of $1 billion.
And with Detroits recent bankruptcy- a BK that Obama said would never, ever, ever, ever happen, especially if he held his breath and stomped his feet- its just getting more expensive for taxpayers these days.
The rush to shift Chicagos and Detroits union-negotiated retirement healthcare obligations from the cities to Obamacare, thus from urban taxpayers to YOU? Add that to the tally that our kids will pay.
And then wait for every city controlled by Democrats to do the same thing.
Holy %@#$^#!!!!,says I.
What is to be done? (Bonus point to the reader who can tell me why the What is to be done? reference is funny)
Well, heres a couple of reports that Johns Budget Office (JBO) came up with that perhaps can help get us back on track.
And since Democrats are so concerned about jobs, lets concentrate on those, shall we?
From the salient portion of the JBO report on Obamacare: Although output would be greater and employment higher in the next few years if Obamacares hastily passed, poorly constructed laws were reversed, says the JBO, that policy reversal would also lead to lower federal debt, which would immediately increase the nations output and income above what would occur under current law. JBO estimates that 2 million FULL TIME jobs and 1.5 percent of GDP would be added with the repeal of Obamacare through 2014.
And heres a snippet from the JBO report on energy: Although output would be greater and employment higher in the next few years if the nation actively pursued exploiting oil and gas reserves here in the US, says the JBO, that policy reversal would also lead to lower federal debt, which would immediately increase the nations output and income above what would occur under current policy. JBO, estimates that current policy reversal would create 10 million jobs and $15 trillion in GDP over ten years. And major accounting firms and international economic bodies agree with the JBO assessment. PWC estimates that if shale oil is fully developed, US Gross Domestic Product could grow an additional 2-5 percent per year, greatly reduce the influence of OPEC, lower global energy prices, and with NatGas thrown in, add at least a million jobs to manufacturing that are now just going to energy costs.
That means that we could significantly reduce the deficit without drastically cutting benefits for a generation of Americans who have planned to count on it. It means we dont have to raise taxes. Actually it means we could go to some sort of a simplified tax code, like the fair or flat tax.
It means a prosperous, free, and cool America; an America where even a kid from a log cabin in Kenya can grow up to be president of the United States as long as he has Photoshop. Or even a guy like me born in Peru... Illinois.
Or we could keep doing what were doing: Getting high off the government money fix. It doesnt create jobs, true, but like other drugs it allows us to live in the fantasy world; a world where Obama, even before he took office, was the GREATEST PRESIDENT ever, Democrats pass bills unread to find out whats in them, and jobs are optional, even discouraged.
So hey, why not just get high and stay in the log cabin instead?
BTW..earlier this morning, I clicked on another Townhall article, (via a link on RalClearPolitics) "5 Ways Liberalism Destroyed Detroit." It's a decent piece, but before I coudl read it I had to deal with two pop-up ads:
1. The first was an invitation to take a poll on whetherr or not Sarah Palin should run for the Alaska senate seat.
2. The second one, underneath the first, was promoting Smirnoff vodka..
Kensyian economics has ALWAYS failed. Always!
Keynesian economics is taught as fact, as a given, in most schools & colleges.
Kenyan economics fails also.
He must be still getting high.
Impeachment File on Benghazi Coward B. Hussein Obama, formerly known as Barry Soetoro, currently a Legal Citizen of the Sovereign Nation of Indonesia.
I guess this would be a cross between Keynesian and Kenyan economics? That would of course explain why Obama's economic policies are such a complete failure on every level.
And as someone else mentioned, Keynesian economics is taught as fact at all colleges. Having studied economics myself (about the most boring, dry subject ever conceived), I know first-hand how hard they push the Keynesian model as being the most valid, most accurate method to evaluate economic policies and decision-making.
Wait! What?! They got log cabins? How come nobody told me. As for the other part............. Like he said, “I want to make sure everone in America is listening today.” Sorry kingy boy, I ain’t listenin’ any time I hear that irritating voice spew forth from any source. I’ve gotten real fast at switching stations or with the off(al) button.
Wait! What?! They got log cabins?
More like dung huts,
Wait! What?! They got log cabins?
THE HISTORY OF ARCHITECTURE
Roman Architecture 27 AD African Architecture 2013 AD
Yup. Me thinks the p.l.o.(pathological liar obama aka ROTUS) is pretty full of dung.
Don't know this but back in the Pleistocene era when I took Econ in college it wasn't. Kenesyian monetary policy wasn't even given the merest mention. (1950's)