Posted on 12/02/2010 7:08:16 AM PST by Positive
According to various electronic news media sources, the Debt Commission's plan as reported yesterday is a fraud.
#1 There is little to no chance of it being enacted in full.
#2 If it were, and it were to accomplish what the members say it will, it would reduce the deficit by $4 Trillion over the next 9 years.
Last...if it did, given that the deficit is now running in the $1.5 Trillion dollar range, 9 years from now we would have dug a $10 Trillion deeper hole...give or take a few $Billion.
Call you elected Elitist in DC and voice your opinion. While you’re at it, ask why they didn’t get We The People’s message on November 2nd??? Second message coming in 2012.
I don’t care about the deficit. It is a secondary issue concerning how you finance the spending.
If you don’t attack the spending everything else is useless. Worse than useless since it diverts attention from the primary problem. That’s what this phony Simpson is all about. Diverting attention from the superstate.
This just in: According to “Positive”, “Positive” doesn’t expect the federal government to turn on a dime and immediately become the model of fiscally sound, small-government conservatism, whatever that is.
We now return to our regularly scheduled reality, already in progress.
Sheesh!
They are fighting on who gets to rearrange Titanics deck chairs. Disgusting.
The only question is when.
Strategic default.
It wouldn’t be the first time. (1930’s, 1971) The trick is to do it without too much damage.
I think perhaps before we start commenting on this speculation we get the analysis you have done in Excel format to see if you are talking off the top of your head or actually performed some dynamic analysis . . .
The only question is when.
Nahhh.
There's still the question of whether it will be a deep smoking crater or a long gouge sprinkled with shattered debris and mangled survivors.
nully, ever the optimist...
It’s the ruin America a bit, tiny bit, not as fast plan.
It’s a scam. Monkey dust. Boob bait for us Bubbah’s.
#1 When is the last time that you found that a "government" entity "guesstimated" accurately.
#2 Check this link to see what "they" actually say: "http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/TheMomentofTruth12_1_2010.pdf"
#3 What was amount of the most recent "Budget Deficit"? $1.5 T? 1.5 minus 4T/9 = ? per year, leaving ? You do the math...if you can.
#4 Check this link to the U.S. Treasury Bureau of the Public Debt and notice that from Jan 1993 to Jan 2000 (the period during which the Klintonites claimed surpluses) the debt did NOT decrease in any year over year period. So what is the credibility of the "budget" when the enterprise (federal government) goes deeper into the hole each and every year "http://www.treasurydirect.gov/NP/NPGateway"?
#5 San Francisco? Sheesh...
You are ranting.
Other people are soberly trying to figure out what needs to be done.
We have spent 100 years digging the present hole.
It is going to take more than your giant attitude to plot a way out of it.
The ad with a two page photo of Prince Edward Sound with the front section of a giant oil tanker in the foreground was for a company then called Sperry-Rand, it had the following caption at the bottom: "If you are driving something that takes 7 miles to stop and 26 mile to turn around...you'd better know where you are going.
In my view we are less than 7 miles from running aground.
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