Posted on 01/12/2013 6:55:46 AM PST by mdittmar
As the Reuter’s national editor peruses the latest dictum from his masters at the White House. He frowns,leans back in his leather chair, then calls for his favorite hack, Jason Lange, who is two but two desks away from the NE’s glass enclosed office open door “Hey Jason” he calls “take a look at this thing and make it look like Obama is cutting back on “entitlements”.
Jason does quick read without commenting about the FICA “tax” which should never have been suspended because it was breaking the Social Security Trust Fund which doesn’t exist but gets used in the general fund and replies “Gotcha Boss”.
Then low and behold throughout the world and particularly in the US subscribers to Reuters News Service report how the Obama administration is struggling to contain entitlements .
Exactly! Now we know the new meme that is coming...’Obama is taking ‘austerity measures’. No doubt that the order has gone out to the presstitutes to change the meme. Transparent? You betcha.
GDP is more than your short term formula. The main reason we don't have a real recovery this time (or after 2000 for that matter) is people who mistakenly believe that increasing consumer spending leads to more investment. But sustainable recovery requires some reductions in consumption along with investment which has been suppressed due to asinine Fed policies that are mostly aimed at providing low interest rates for more federal borrowing.
Also different kinds of taxes affect investment more. The millionaires tax kills the long term viability of the economy by discouraging investment, The payroll increase has no such deleterious effect.
Well, I started out to write that Democrats don’t understand “Cause and Effect”, but I thought I’d better make sure I understand it. So I looked it up. That led me to take another look at “Deductive Reasoning” and “Inductive Reasoning”. Turns out, they’re still debating those phrases. So I looked at “The Arrow Of Time” and “The Second Law Of Thermodynamics” and “Entropy”. We don’t know anything, I guess. It’s a wonder we all aren’t just sitting around contemplating our navels. Damnit. I hope that’s soap in my navel and not something else.
GDP is the formula by definition.
If someone wants to measure something else, then a different label is required with a different formula.
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