There Will Never Be Another Tax Cut

Huh??  What do you mean there will never be another tax cut? Congress can vote to cut taxes anytime it wants.  Have you lost your mind, Waggoner?

Consider this statement:

Using tax levels consistent with the past half century in America, then subtracting entitlement payments as currently promised for Social Security, Medicare and Medicaid, The Heritage Foundation (another conservative think tank) estimates that sometime just before 2020, there won’t be enough money in the federal treasury for anything but the entitlement programs.

It was written by Bruce Brattain, owner of Wisdom River Partners, who, among his many talents, is an elder care consultant.  Now, don’t roll your eyes over the word “consultant.”  Start reading a few of the pieces in his blog, aninconvenientbruce, and you’ll instantly realize, this is one very astute observer who has his finger on the pulse of a number of national issues.

And, just to entice you more to go read the entire article from which this quote was taken; it’s not what you think it is.

Now.  Please. Go read what Bruce has to say.  Oh, and be prepared to not only to have your assumptions challenged in a classic Extreme Thinkover manner, get ready to be entertained by a guy with one wicked wit!  Click here.

Then come back to my post for this:

Post Script:  I just watched PBS’s The News Hour:

In an ongoing series of conversations on health reform, Jeffrey Brown speaks with Robert Laszewski, a former insurance executive and skeptic of a public insurance option.

Laszewski, in this interview, lays out the manifesto for Big Medicine’s opposition to health care reform.  He is articulate, clearly believes in his cause, and goes over their case against the public plan point by point.

And proves the argument for implementing a public option in the health care reform legislation so beautifully, I almost jumped up from the couch to give him a standing ovation.

Huh?   Two times in one post?  Read the interview of Robert Laszewski, former insurance executive and Big Medicine consultant by Jeffrey Brown.  Click Here.

Where the Republican Budget Really Came From

I’m feeling cranky.  I’ll spare you the extended list.  If you’ve read a few of my more recent posts, you’ll remember that life in hospital land has been stressful.  It ain’t over yet, unfortunately.

Granted, the whole country is cranky.  And irritable or irritating, depending on your perspective.

Gail Collins, NY Times columnist, in her column today, makes a compelling case that the Republicans have become even more irritating than the French, a feat that would seem to defy the very laws of Nature herself:

While the G-20 was finishing its business, members of Congress were showing how they did theirs by passing a budget resolution. The spending plan was somewhat smaller than the president had requested. The Senate also added the Republican priority of reducing taxes on people who inherit estates of $7 million or more – a move that would increase the deficit while stimulating the economy approximately as much as eliminating a sales tax on square potato chips.

But even so, not a single Republican voted yes on the budget. In the House, the G.O.P. came up with an alternative that would cut more taxes for the wealthy while clamping down on nondefense spending. House Republicans think we invest way too much on these government programs and try to cut back on them every single year that their party is not actually in power.

In the Senate, Republican Judd Gregg of New Hampshire predicted that the budget plan “will absolutely put this country on an unsustainable path.” This would be the same Judd Gregg who agreed to join the Obama cabinet as commerce secretary before a last-minute discovery that the president is a Democrat.

Actually, it’s no contest when you think about it. The French aren’t even in the ballpark.

(I’ve made my irritation with the former Veep very clear in a previous post.)

The Republicans are really cranky, after that whole election thing.  And, when it comes to the financial crisis, the budget, trillions of dollars of deficits, and the fact they have to cover-up and evade the the fact their  policies are responsible for a humongous part of it, they are in a tizzy of biblical proportions.

So, to counter the budget they disdain, despise, and dysphagiate (figure it out), they have concocted their own version.  Ta-da!  For us mere mortals, they have released an 18 page summary of the absolute best, paramount, pinnacle of Republican fiscal theory and solutions.  I read it.  You can read it here: “Road to Recovery.”

At least look at it.  That way you’ll understand my following comments.

I give it very high marks for:

  1. Expansive use of white space in a policy document
  2. The incomprehensible use of bubble pictures connected by lines
  3. Text in a font and use of Italics (!!) popular at the time of Abraham Lincoln
  4. No numbers, well, sort of.  The ones that just happen to be included are for the most part those nasty Democratic ones
  5. Exhibiting a level of hubris and claiming a doctrine of infallibility that exceeds the wildest dreams of the Papacy.

I could stop there, but, in my crankiness I wrote a short piece a couple of weeks ago that I titled, “A Long Time Ago in a Beltway Far, Far Away.”  It tells the tale of where the ideas for the Republican budget really came from.

A word of forewarning. This piece is a very edgy satire and in a style in which I usually do not write.  You can access it here: “A Long Time Ago…” (I apologize in advance to George Lucas.)