Interesting that this statement and the original both focus of spending cuts.
Memo to Harry Reid:
It’s not the taxes, IT’S THE SPENDING, STUPID
Yes it is plangent.
Go here and read this George Will Editorial on GM before they went belly up, it is from 2005, and it was a warning shot across the bow of the nation and no one saw it, I did....
http://www.washingtonpost.com/wp-dyn/content/article/2005/04/29/AR2005042901385.html
He was the 1st to warn people about GM, other than the Detroit Print and Radio media. Why did they go belly up? Many reasons, but revenues, at one point weren't all that bad, but one quarter they had revenues of 300 billion, with a profit of 6 billion but after all "liability" expenses ( health care / pensions ) they made something like 2 billion in profits on the 300 billion in revenues.. At the point I knew it was over for GM.
If you look @ SSI, Medicare and Medicade and HHS, we as a nation are now GM and the Dem's are in denial about it, they can finagle a Gov't take over restructure of GM, but they can't do it to themselves.
The Tea Party has put the brakes on it, we made people think about how broke we are, and what are liabilities are. We are the Intervention for the dysfunctional spendaholics in Washington. The problem is they won't go into recovery so we may have to cut all ties with them and find new people to interact with in 2012....