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View Diary: David Stockman's essay is a wake-up call (29 comments)

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  •  Other Economies are Winding Down Because They (14+ / 0-)

    are doing

    real belt-tightening while [they] work down the deficit and [their] national debt,
    The political system is no longer strong enough to govern the economy thanks precisely to Stockman and his Administration and his side.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Sat Apr 06, 2013 at 06:53:40 PM PDT

    •  Not to mention (7+ / 0-)
      Like Stockman, I don't see a road forward for us that does not involve considerable pain and a long period -- perhaps a decade -- of real belt-tightening while we work down the deficit and our national debt, reform the health care system so cost increases are tempered, crank up powerful growth programs like investment in capital infrastructure to generate jobs and make us more competitive, and raise taxes modestly across the board to help bring down the deficit.

      Unlike Stockman, I believe we might be able do this. But it's discouraging that no national leader is presently proposing such an approach or laying out, frankly and compellingly, the adverse circumstances that require it.

      That this is pretty much exactly what Obama has proposed (and I oppose the chained CPI, but that's another thang).  This diarist seems to falling into the standard moderate trap...namely that Obama couldn't be proposing all the things he is demanding...because balance.

      "Empty vessels make the loudest sound, they have the least wit and are the greatest blabbers" Plato

      by Empty Vessel on Sat Apr 06, 2013 at 06:57:23 PM PDT

      [ Parent ]

    •  Well, there's a basic inconsistency between (0+ / 0-)

      arguing for a "free market" that regulates itself and agents of government wanting to govern the economy.

      I am, personally, quite happy to conclude that "free market" is a euphemism to disguise the long standing commercial desire to take "free goods" from the environment to market for a monetary profit. And, if that's the case, then I'm also happy to conclude that this system sucks and has to be changed because to profit is to exploit and collect rewards for essentially doing nothing. Also, the process of taking stuff to market to see who wants it is extraordinarily wasteful. Before we take anything, we should consider the import of the taking on what's left remaining.

      That said, since budgeting is a pie in the sky endeavor, it's bound to be discouraging. Planning accomplishes nothing. Planning for what someone else is supposed to do is bound to be frustrating since productive humans are basically disinclined to do what they're told, unless they are coerced. So, if there's to be a planned economy, force has to be used. In which case, "free market" is no longer a euphemism for theft, but a perversion of reality.
      Many people in the U.S. were persuaded that their representative agents opposed the command economy of the U.S.S.R. as propounded by the "godless communists." The reality, it turns out in retrospect, is that the opposition was to the "godless" component, based on the conviction that coercion in the name of a deity is preferable to a secular tyranny. And that's a belief that persists in the totalitarian states of the U.S. where the minutest aspects of individual lives and relationships are being subject to the rule of law in the name of God. That the state is prohibited from restricting established religions does not preclude religious doctrine from being relied on to promote tyranical law.

      We organize governments to deliver services and prevent abuse.

      by hannah on Sun Apr 07, 2013 at 04:02:41 AM PDT

      [ Parent ]

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