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The CBO… — 11 Comments

  1. At this point even the political junkies can’t keep track of the CBO numbers, they don’t matter any more.

    What strikes me most is that the President of the United States of America will postpone (twice) a foreign trip to several important countries for no good reason.

    There is no earthquake, tsunami or terrorist attack he needs to attend to. Even if the health care bill is passed, he will be able to sign it when he returns.

    No the threat seems to be that the representatives of the people will return to their homes over recess and face the music!

    How weak does this make the President seem to the wider world? (not to mention how incompetent)

  2. I say again:

    Cruiser: I joined the army ’cause my father and my brother were in the army. I thought I’d better join before I got drafted.

    Sergeant Hulka: Son, there ain’t no draft no more.

    Cruiser: There was one?

  3. Last year, the Wall Street Journal reported actual Medicare expenditures in 1990 were 900% more than they were projected to be when the bill initially passed almost 25 years earlier.

    If that’s a guide to how well CBO projects, I’m pretty confident that whatever CBO projects the cost will be over 10 years the actual costs will be significantly higher.

  4. I don’t think we are going to make it to November.

    there isnt enough money to pay for the 40%, moodys is thinking of changing our rating, and moodys points that structural adjustments may test social cohesion.

    Moody’s Fears Social Unrest as AAA States Implement Austerity Plans
    http://www.sott.net/articles/show/204899-Moody-s-Fears-Social-Unrest-as-AAA-States-Implement-Austerity-Plans

    The world’s five biggest AAA-rated states are all at risk of soaring debt costs and will have to implement austerity plans that threaten “social cohesion”, according to a report on sovereign debt by Moody’s.

    now someone recently argued with me that the police and military would never shoot at civilians…

    but what if 20% of the population goes nuts wanting their entitlements back?

    “Growth alone will not resolve an increasingly complicated debt equation. Preserving debt affordability at levels consistent with AAA ratings will invariably require fiscal adjustments of a magnitude that, in some cases, will test social cohesion,” said Pierre Cailleteau, the chief author.

    given the fact that there were a lot of clues if you look back and know what to look at… (i could make a huge list).

    if they can pass the things they want to pass, we will come from this as a different country with a whole new constitution and all. they will control resources so that we could not team up and rebuild and become cohesive. this would not be a shedding of all this entitlements and other programs. it would be a taking in of everyone to be a state employee and get their ration books and internal passports.

    if they cant pass these things, we will probably come out of it ok after a time, as we hit and bounce, and work things through.. because we will have to walk away from so much entitlements and people will quickly learn to pitch together and get through, once we do that, and so forth as we have in the past.

    if people start shooting things up and so forth… well the police and military are not going to stand there and be shot.. and we would have enabled our own situation by our actions, as i said.

  5. I’m getting tired of being asked to pretend.

    We’re asked to pretend, for instance, that the CBO can forecast expenditures decades in advance. Baloney. For decades, we’ve been asked to pretend that the federal constitution guarantees a right to an abortion. Poppycock. Nowadays, we’re practically being asked to pretend that everybody has the right to own a home even if they can’t afford to buy one. Bullsh*t.

    I’m really tired of being asked to pretend.

    But this bait-and-switch, pass-and-deem crapola sandwich is pretense so many times over I don’t know how to count the ways. The House leadership might choose to pretend to pass a bill the House didn’t vote on (because it won’t pass if they actually vote on it). The Congressional leadership will then pretend it’s just a budget bill so they can (try to) push the reconciliation bill through the Senate with only a majority vote. And they are actually pretending that adding trillions of dollars to federal expenditures over a decade, during which they plan a trillion in deficit spending each year, will actually reduce the deficit by a couple of hundred billion. And Democrats all over Washington are pretending that America is up in arms FOR this, though America is actually up in arms against it.

    The dam is about to break, folks, The dam is about to break all over the country. Get to high ground, or learn to swim very very well.

  6. Dang. I don’t want to do this. I love to knit. I also just watched Mario Batalli win the Iron Chef’s Parmigiano Reggiano competition. I’d rather just try some of those recipes. You know, forget about all the rest of this stuff.

  7. If the bill fails, it fails, and politics as usual will go on. But, if it passes, the Republicans at the federal and state levels will fight it tooth and nail. The fight will start the minute the bill passes and will continue as long as necessary to repeal it. It will be center stage for years. All of the corrupt deals will come to light. From the perspective of smart politics, the Democrats would be much wiser to let the damned thing die. But, as smart as the Democrats usually are in pushing their liberal agenda and getting their members elected, they are looking like amatuers this time. Unless the Republicans blow it, as they did in the 90’s, it will be a long, long time before a majority of Americans will trust the Democrats with the power and purse strings of federal government. And, worse for the Democrats, the fall out will also take place at the state and possibly even the city level. It has already started in New Jersey.

    The problem with good governance is that too often it is boring.

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