But if we did those things, we could achieve sustained 5% growth. Easy-peasy-lemon-squeezy. But we need to get real about growth. And that's the problem. We won't get serious about growth, because millions of idiots can't draw a line between, say, Obama's blocking Keystone and getting their promised SSI check. They can't see the connection between Obama's war on cheap, abundant and all-American coal and the yawning deficit disaster.
The problem is political. The problem is not, as it were, economic-structuarl.
“I think the author is wrong. We can do this. But we have to get serious about growth. Give up adolescent dreams of abundant Unicorn Powered Electricity. Get real. Forget the destructive AGW meme. Frack and drill baby drill. Throw open Gulf and California coastal drilling. Encourage the conversion of the truck fleet to burn NG, and build LNG plants to export our excess. Encourage new coal fired plant construction. Build 100 new nukes and finish Yucca Mountain. Build Keystone before the Chicoms get the bottomless Tar Sands oil. End wasteful ethanol subsidies. Upgrade the electrical transmission infrastructure. Repair all bridges and roads. Implement a flat tax and kill the cancerous Tax Code. Bump up the retirement age for SSI. Repeal Obamacare and replace it with sane insurance reform. The list could go on and on.
But if we did those things, we could achieve sustained 5% growth. Easy-peasy-lemon-squeezy. But we need to get real about growth. And that’s the problem. We won’t get serious about growth, because millions of idiots can’t draw a line between, say, Obama’s blocking Keystone and getting their promised SSI check. They can’t see the connection between Obama’s war on cheap, abundant and all-American coal and the yawning deficit disaster.
The problem is political. The problem is not, as it were, economic-structuarl.”
The problem is economic-structural-political. We cannot “grow” our way out of a problem that is increasing exponentially every year. The Republicans and Democrats think they can control everything with the power of government, thinking we can do healthcare public-private exchanges and guarantee insurance for every living person in the country, regardless of how they’ve lived their lives or even if they bothered to have coverage in advance of their bodies beginning to fall apart. We cannot afford it. And, on top of that, we don’t even allow a real market based solution to the health industry. I posted these articles from Denninger since he explains it so well how the medical industry is essentially in bed with the government, specifically designing the system to control prices and remove real competition in the market. You CANNOT open up your own practice and undercut the prices of your competitors because your competitors have a system in place that keeps people like you who don’t play ball out of the game. Same thing with prescription medications, which not too long ago I could get from Mexico for a fraction of the price and without paying hundreds to a doctor. But, of course, we are not allowed to even export medicines from outside the country. It’s all carefully controlled, and the government/politicians have aided and abetted in this, and then, we have this disease, and they offer “cures” that involve billions of more dollars in spending and even less control over our own rights.
ObamaCare/RomneyCare, claiming to be “cures” for the skyrocketing costs of healthcare, actually only escalate the problem... and this will lead to price controls by government appointed bureaucrats which will crash the insurance industry and then a single payer system, which in turn, if we do not collapse before then, skyrocket the debt and the power of the government.