Skip to main content

View Diary: The Obama Compromise (21 comments)

Comment Preferences

  •  It's bad enough when many of the people (7+ / 0-)

    who claim to be against "unbalanced" budgets, be it due to being in debt, in deficit, or both, are clearly dishonest, their real motivations being some mix of financial and/or professional self-interest, as evidenced by the fact that their proposed "solutions" to these "problems" don't actually solve them.

    But when you add to these the many people, some of them unfortunately very influential, who are against "unbalanced" budgets as a matter of principle, on ideological grounds, apart from their economic effects both pro and con, and a lazy and/or dishonest media that appears determined to either sleep its way through these "debates" without the slightest shred of critical analysis as to the true economic impact, cause and purpose of "unbalanced" budgets--let alone the true motivation of those who claim to be against them--or willfully lie about such, and politicians who have their own self-interested motivations and other failings wrt this issue, and you have a real mess in terms of the public's being able to understand what this all means.

    Put another way, people who understand economics understand that by and large, "unbalanced" budgets are not only inevitable and unavoidable in a modern economy, but actually a GOOD thing, and not at all the evil that the above make it out to be, whether sincerely or not, but the unbelievable amount of noise and confusion that exists about this topic, both deliberate and inadvertent, makes it all but impossible for most people to grasp this. Thus, the inevitable reduction to the silly and inapplicable "family budget" analogy, making dealing with this issue harder than it should be.

    Why doesn't Obama just announce a new War On Deficits and appoint a Deficit Czar, and be done with it? Experience shows that whenever you declare war on anything amorphous like drugs or terrorism, it guarantees that that enemy will never, ever be truly "defeated". Put Tom Friedman or Maya MacGuiness or Michael Bloomberg in charge of it and give them something useful to do for a change. And give them $100B or so to work with so they don't feel left out.

    What a silly, stupid, ridiculous sideshow this fake budget debate has been.

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Sat Mar 02, 2013 at 08:58:27 AM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site