Archive for June 9th, 2011

Trusty handybits.

Jun 09, 2011 in Clueless Conservatives, Crazy Tea Party People, Deficit

Great compilation here:

Here, then, are 10 Inconvenient Truths About the Debt Ceiling:

1. Republican Leaders Agree U.S. Default Would Be a “Financial Disaster”
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn’t Pay for Themselves or Spur “Job Creators”
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling – Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid

Click through for the details. It’s pretty frustrating trying to have deficit debates with Republicans when they simply refuse to acknowledge the basic realities and fundamentals of the problem. They got their spin, and they don’t want to unlearn it, even if the good of the country depends on it.

-hw

The thing in front of your nose.

Jun 09, 2011 in Military Industrial Complex

It seems to me that Americans keep hearing what this graph illustrates, but the idea of defense cuts always sets off a sense of alarm. Why are we so unable to maintain perspective here, especially in times of such financial distress?

To be fair, defense cuts are one of the most popular choices for fiscal conservation in polls, far more popular than cutting Social Security or Medicare, but our government lags far behind. Politicians essentially don’t trust the populace when it means potentially facing an opponent demagoguing on defense. Looking “weak on defense” can cost precious percentage points, and “fiscally smart defense” never seems to add as many back.

-hw