Quotulatiousness

January 9, 2013

Why stop at a mere trillion dollars?

Filed under: Economics, Government, USA — Tags: , , , , , — Nicholas @ 08:59

Zero Hedge on the trillion dollar platinum coin nonsense:

A year ago, out of nowhere, the grotesque suggestion to “resolve” the US debt ceiling with a platinum dollar coin came, and like a bad dream, mercifully disappeared even as the debt ceiling negotiations dragged until the last minute, without this idea being remotely considered for implementation, for one simple reason: it is sheer political, monetary and financial lunacy. And yet there are those, supposedly intelligent people, who one year later, continue dragging this ridiculous farce, as a cheap parlor trick which is nothing but a transparent attempt for media trolling and exposure, which only distracts from America’s unsustainable spending problem and does nothing to address the real crisis the US welfare state finds itself in. And while numerous respected people have taken the time to explain the stupidity of the trillion dollar coin, few have done so as an integral part of the statist mainstream for one simple reason — it might provide a loophole opportunity, however tiny, to perpetuate the broken American model even for a day or two, if “everyone is in on it.” Luckily, that is no longer the case and as even Ethan Harris from Bank of America (a firm that would be significantly impaired if America was forced to suddenly live within its means), the whole idea is nothing more than “the latest bad idea” straight “from the land of fiscal make believe.” We can only hope that this finally puts this whole farce to bed.

[. . .]

Taking these sorts of actions would almost certainly worsen, not ease, the coming battles over the spending — a second reason to be skeptical of the idea of the trillion dollar coin. As we have noted before, the debt ceiling is just one of three brinkmanship moments looming in the next few months. The across-the-board spending cuts that constitute the sequester have only been delayed for two months, and absent new legislation, will start in March. Even more troubling, on March 27 the latest continuing resolution ends and, absent new legislation, all nonessential government programs would have to shut down for lack of funding.

Third, throwing the trillion dollar coin into this mix would not only intensify these two other fights, it would likely poison the well even further in future budget negotiations. With split government, fiscal policy making requires bipartisan agreement. The cliff compromise earned support from both parties, marking a welcome — if brief — respite from partisan politics. The last thing Washington needs is a further escalation in gamesmanship.

Finally, there is a slippery slope from avoiding the debt limit to outright debt monetization. Although proponents see it as a technical fix to a problem that, in their view, never should occur, it means the Treasury would have established a precedent to thwart Congressional limitations on spending and the debt ceiling.

Outside of the legal questions, nothing precludes the Treasury from issuing a coin to pay down the full $16.4 trillion in debt in one fell swoop: true monetization. A trillion dollar coin also would subvert the whole budget process, undermining already fragile public confidence and spooking financial markets. And based on the criteria put forth by the rating agencies, it would represent a stunning failure to devise credible political processes to resolve the longer-term budget issues for the US. A downgrade would very likely follow, in our view.

January 8, 2013

Obesity meta-study challenged the media narrative

Filed under: Government, Health, Media, Science — Tags: , , , — Nicholas @ 10:00

In sp!ked, Timandra Harkness explains why the publication of “Association of All-Cause Mortality With Overweight and Obesity Using Standard Body Mass Index Categories” in the Journal of the American Medical Association (JAMA) got such a strongly negative reaction from the media and various government spokespeople:

The reason this unassuming paper drew howls of outrage was the same as the reason the benefits of moderate alcohol intake are never noted without criticism: it spoils the headline health message that Fat is Bad.

Even worse, it blows the cover on the great myth — that an epidemic of Bad Fatness is sweeping the developed world. By including the dangerously obese, the innocuously tubby and the healthily plump in one category, ‘overweight including obese’, 60 per cent of the English population are labelled as potentially At Risk.

Being At Risk means these people need guidance and protection from their own vulnerable state, from the temptations of our obesogenic world and the frailties of their own sugar-addicted brains. At such a time of national peril, no measure is too extreme.

But less than a quarter of English adults are obese, according to new figures released just before Christmas, a fraction almost unchanged since 2007. And the ‘morbidly obese’ category — BMI over 40, the ones for whom it really might be worth shedding a few pounds, medically speaking — also remains steady since 2009 at 2.5 per cent of the UK population.

If only one in 40 of us is in significant weight-related danger, why do the other 97.5 per cent of us need to be protected by the state against sugary cereals and fizzy drinks? Could it be because only a few of us have fallen, but all of us are in peril? Weak, foolish and easily led astray, we need to be frightened back on to the right path. Thus Tam Fry, spokesman for the National Obesity Forum — who has called for children to be monitored from birth for signs of obesity — told the Independent: ‘If people read this and decide they are not going to die… they may find themselves lifelong dependents on medical treatment for problems affecting the heart, liver, kidney and pancreas — to name only a few.’

So there we have it. Those extra post-Christmas pounds aren’t going to kill you. If you’re approaching an age at which there’s any real prospect you will die, they probably have a tiny protective effect. But if you’re told the truth, suggest the obesity obsessives, you’ll gorge yourself into a disgusting ball of flab.

Charles Stross on vampires

Filed under: Books, Media — Tags: , , — Nicholas @ 09:41

Now that he’s committed the act of writing a novel that has vampires (The Rhesus Chart, the next “Laundry” story, to be published in July next year), Charles Stross examines the current role of vampires in fiction:

So what are vampires good for?

Leaving aside a whole bunch of different mythological tap-roots, some of which are quite interesting in their own right, the modern western interpretation of the vampire is largely the fault of Bram Stoker (although he, in turn, was working in a literary tradition with notable antecedents such as Varney the Vampire).

The interesting thing about vampires in fiction is what they’re used to represent. Vampires are the talkative reflection of our fears; unlike horde-shambling zombies they’re singular entities, intelligent and outwardly handsome, the exterior shell concealing festering horrors within. And the nature of the horrors in question changes with time. Back in Stoker’s hey-day, the fear of contagion, of the degeneration and insanity that went with syphilis, was clear: so was the clash of uptight Victorian public morality and private lascivious debauchery that went with it. (It’s no accident that Vampirism-as-AIDS was the big metaphor of the 1980s: blood, sex, and death are deeply intertwingled in our collective id.)

More recently, we have a whole bunch of other vampire metaphors. There’s the untrammeled greed angle, the psychopathic serial killer angle, the sexual predator. Vampires are rapists, non-consensual sadists and torturers, serial killers. They are, above all, parasites and sociopaths — you can’t be a vampire, a successful apex predator upon people, and feel much empathy for your prey.

So what do we make of that sub-species of vampire that fucks its food?

One of the weirder twists in the development of a sub-genre happened some time in the early 1990s, with the advent of the paranormal romance. In retrospect it’s fairly obvious what they’re for; they allow the reader to vicariously explore emotional aspects of BDSM without the troublesome need to find a partner with a roll of duct tape and a flogger who also understands the need for safe words. (This may also be a side-effect of changing gender/power relationships in society at large causing confusion, uncertainty, or dissatisfaction with traditional power roles: don’t tell the Pope. Ahem. There’s a really complex knot of issues here, including the implications of the demographic transition for human interpersonal and familial relationships, that is probably food for several PhD theses.)

January 7, 2013

“[N]o person in Canada stands above or outside of the law”

Filed under: Cancon, Law, Liberty, Media, Railways — Tags: , , , , — Nicholas @ 15:09

Christie Blatchford on the inability of Canadian police to shut down protests by First Nations groups that violated the law:

Saying “I do not get it,” an Ontario Superior Court judge Monday bemoaned the passivity of Ontario police forces on illegal native barricades and issued a lament for the state of law-and-order in the nation.

“…no person in Canada stands above or outside of the law,” Judge David Brown said in a decision that was alternately bewildered and plaintive.

“Although that principle of the rule of law is simple, at the same time it is fragile. Without Canadians sharing a public expectation of obeying the law, the rule of law will shatter.”

Judge Brown was formally giving his reasons for having granted CN Rail an emergency injunction last Saturday night, when the railway rushed to court when Idle No More protesters blocked the Wymans Road crossing on the main line between Toronto and Montreal.

Paul Wells examines the (virtual) entrails

Filed under: Cancon, Government, Politics — Tags: , , , — Nicholas @ 11:58

In Maclean’s, Paul Wells looks deeply into the hidden meanings of the Prime Minister’s rare interview utterances:

The Prime Minister’s year-end interviews are always worth close reading. Partly because he gives few interviews. Partly because those interviews, widely spaced, show how his thinking changes as circumstances do. This year the changes are stark.

The part I’ve just quoted came when Friesen asked Harper about the possibility that Bashar al-Assad might use chemical weapons against Syrian opponents of his regime.

Would NATO intervene? “Well, I don’t want to speculate.”

Is the use of what we used to call weapons of mass destruction a “red line,” as the Obama administration has called it? That was the question that got Harper talking about risks and caution. “What we can continue to do, as I say, is try to work with elements of the opposition and others to try to push that country to a better solution and try to avoid further escalation of this conflict.”

This is what being Prime Minister does to you. A decade ago, when conversation turned to the use of chemical or biological weapons and the theatre was Iraq, it was Jean Chrétien talking about risks and caution and Harper urging red lines. I dare hope we’ll never get to test the hypothetical in Syria, but it was not only when it came to Assad that this year’s Harper was notably less cocky than previous years’. Chastened, one might say, by a year when the world turned out to be more complex than advertised.

Discounting for total political dysfunction

Filed under: Business, Economics, Government, USA — Tags: , , , , , — Nicholas @ 10:30

The Economist reports on last week’s “deal” in Congress and why the markets are still able to function in spite of the almost unprecedented level of political uncertainty:

Markets now live in the policy equivalent of Beirut in 1982. They have adjusted to perpetual political dysfunction. Over the last eight weeks, as the fiscal cliff talks stumbled, revived, collapsed, then came to life again, market movements were surprisingly narrow, and much of them could be explained by tax considerations as investors prepared for higher capital gains and dividend rates. The sang froid perplexed many of us who follow the policy process for a living and knew how high the stakes were. But perhaps we were too close to it. You can steep yourself in the intricacies of political coalitions, the electoral calendar, the makeup of the executive, senate and house, the interaction of permanent and temporary fiscal policy and such arcana as reconciliation, filibusters and blue slips, and yet still not know how to model the outcome. The fiscal cliff perfectly illustrated this: the people closest to the process didn’t know any better how it would end than those reading the newspapers, or not reading the newspapers, for that matter. There were just too many moving parts.

Richard Bookstaber once attributed the evolutionary success of the cockroach to coarse decision rules: it ignores most of the information around it and responds only to simple signals. Investors do something similar when confronted with hopeless complexity. They boil it down to a binary question: disaster/no disaster. Then they ignore all the idiosyncratic inputs and ask: what does experience suggest the probability of disaster is? Four times in the last two years, politicians went up to some do-or-die deadline without going over: in December, 2010, when the Bush tax cuts first came up for expiration; in April, 2011, when the federal government nearly shut down for lack of discretionary spending authority; the following August, when Treasury was days away from hitting the hard debt ceiling; and December, 2011, when the payroll tax cut first came up for expiration. In each case, one side, or both blinked; tax rates never went up, the government never shut down, and Treasury did not stop paying bills, much less default. It was, arguably, a better record than in 1995-96 when the federal government shut down twice and Bill Clinton threatened to suspend social security payments if Newt Gingrich’s Republicans didn’t raise the debt ceiling. Ignore the specifics of the latest episodes, and the logical conclusion is that despite their differences, both sides have powerful incentives to avoid disaster, so they will.

And who are the policy experts to say otherwise? For all the twists and turns, the cliff negotiations ended up where the median market participant a few months ago assumed they would: with a short-term fix and the remainder stuffed in a can and kicked down the road.

What’s that odd whistling sound coming from Wall Street?

“Wow, a zeppelin!”

Filed under: Military, Technology — Tags: , — Nicholas @ 10:22

Okay, maybe not a Zeppelin(TM), but still:

The first rigid airship to be built since the 1930s is about to commence trials in California: and the Pelican prototype also features a new technology, never yet flown, which could finally change things for lighter-than-air craft and see the leviathans of the skies make a serious comeback at last.

The 230ft-long, 18-ton demonstrator has been built for the US military by radical airship firm Aeros of California, helmed by Ukrainian LTA visionary Igor Pasternak. Aviation Week reports that it has now tested its ground manoeuvring equipment inside its hangar, and that next week the ship is set to actually lift off in a further sequence of tests for the Pentagon.

In particular, the US military wants to see if the Pelican can defeat the great bugbear of airships: the fact that they cannot usually offload cargo or passengers without taking on equivalent amounts of ballast. This is because, as weight is removed, the ship will become massively buoyant and will surge upwards uncontrollably.

January 6, 2013

Vikings lose in Green Bay

Filed under: Football — Tags: , , , , , — Nicholas @ 11:48

Yesterday, I said “Everyone is expecting Green Bay to romp over the Vikings today“. That became an even more likely outcome just a few hours before game time, as the Vikings announced that starting quarterback Christian Ponder would be inactive with an elbow injury suffered in last week’s win. Backup Joe Webb would be the Vikings quarterback for the Green Bay game, not having thrown a pass since the preseason. After the game, it was made clear that the problem wasn’t pain, it was range of motion: Ponder couldn’t move his elbow enough to make the throws.

The Vikings got the opening kickoff and put on an entertaining drive that ended with a Blair Walsh field goal. Webb didn’t complete a single pass on the drive: it was all Adrian Peterson or Joe Webb running the ball. After the first drive, however, the Vikings went away from what had worked in the opening drive and were unable to move the ball consistently.

Jesse Reed at Bleacher Report:

Maybe we all took Christian Ponder for granted in 2012.

Joe Webb proved an invaluable lesson on Saturday night: The NFL is a quarterback-driven league, and it doesn’t matter if you have the best running back in the world; without one, you won’t win in the playoffs.

Webb started the game because Ponder couldn’t overcome an elbow injury he suffered in Week 17, and the Minnesota Vikings offense was a hopeless mess without Ponder.

That’s right.

As much as many (myself included) have ripped Ponder for his flaws, his value to the Vikings was made apparent in the worst way against the Green Bay Packers at Lambeau Field on Saturday night.

Webb was simply atrocious.

1500ESPN’s Judd Zulgad and Tom Pelissero:

January 5, 2013

Jeffrey Simpson on the First Nations’ “Dream Palace”

Filed under: Cancon, Government, History — Tags: , , , , — Nicholas @ 13:19

I didn’t expect to read this in the Globe and Mail which is usually an institution that discusses First Nations issues very carefully indeed:

Large elements of aboriginal Canada live intellectually in a dream palace, a more comfortable place than where they actually reside.

Inside the dream palace, there are self-reliant, self-sustaining communities — “nations,” indeed — with the full panoply of sovereign capacities and the “rights” that go with sovereignty. These “nations” are the descendants of proud ancestors who, centuries ago, spread across certain territories before and, for some period, after the “settlers” arrived.

Today’s reality, however, is so far removed in actual day-to-day terms from the memories inside the dream palace as to be almost unbearable. The obvious conflict between reality and dream pulls some aboriginals to warrior societies; others to a rejection of dealing with the “Crown” at all; others to fights for the restoration of “rights” that, even if defined, would make little tangible difference in the lives of aboriginal people; and still others, such as Attawapiskat Chief Theresa Spence, to go on a hunger strike.

Chief Spence, leading a group or “nation” of about 1,500 people on the shores of James Bay, demanded at the beginning of her strike a series of meetings with the Governor-General and the Prime Minister. This demand reflected a very old and very wrong idea (part of dream-palace thinking) that the “Crown” is somehow an independent agency with which aboriginal “nations” have a direct relationship, whereas the “Crown” is nothing of the sort.

The “Crown” is the Government of Canada, a matter of clearly established constitutional law, which is why Chief Spence made her demand to meet the Prime Minister, too. Stephen Harper was correct in refusing a face-to-face meeting, since a prime minister should not be blackmailed into doing what any group or individual wants.

Bryan Caplan’s “Libertarian Purity Test”

Filed under: Government, Liberty, Politics — Tags: — Nicholas @ 12:56

I’m nowhere near as doctrinaire a libertarian as I used to be: I scored only 79 (out of a possible 160) on this test. It’s clearly my minarchist tendencies that kept me in the bottom half of the scoring (I prefer the “nightwatchman” state with police, courts, and military still being valid activities for the government: to a true anarchist that makes me a splitter if not an actual traitor).

This is the Libertarian Purity Test, which is intended to measure how libertarian you are. It isn’t intended to be any sort of McCarthyite purging device — just a form of entertainment, hopefully thought-provoking. I like it a lot better than the more famous “World’s Shortest Political Quiz” because I haven’t stated the questions with any intent to give an upward bias to a test-taker’s score, and because it gives a clearer breakdown between hard and soft-core libertarians. Enjoy, suggest your friends try it out, and see how you compare to other test-takers…

A note on meaning: The word privatized as used throughout the survey means that a given government service is henceforth supplied by the free market and paid for by consumers. It is distinguished from sub-contracting in which the government uses tax money to hire a private firm to provide a government service.

LA terminates luxury option for electric car owners

Filed under: Environment, Technology, USA — Tags: , , , , , — Nicholas @ 12:43

It’s telling that one of the folks quoted in this article clearly identified the free parking at the airport as a primary reason for buying an electric vehicle:

On a recent morning, Jack Luu parked his plug-in Toyota Prius in one of the most expensive lots at Los Angeles International Airport before flying off to a film shoot in Canada. The lot, where Mr. Luu leaves his car as many as 10 times a month for business trips, normally charges $30 a day.

But when Mr. Luu returned home three weeks later, he drove out, as usual, without paying a dime.

“That was a huge reason why I bought the car in the first place,” says the 35-year-old Santa Monica, Calif., postproduction company executive, whose car qualifies for free parking for up to a month at a time in two of LAX’s most convenient—and costly—short-term lots.

Other than that, he says his ride is “expensive, underpowered and not really all that green,” because it can run just 12 miles on electricity before switching to gas.

For years, LAX has offered electric-vehicle owners one of the most generous incentives of its kind in the country: free parking for 30 days in two of its terminal lots, which contain, altogether, 38 charging stations. The rule was meant to encourage people to buy greener cars, but lately it has turned the lots into a mob scene, with some electric-vehicle drivers circling the stations desperately for electricity or running extension cords while others hog the charging spaces for weeks at a time.

Everyone is expecting Green Bay to romp over the Vikings today

Filed under: Football — Tags: , , , — Nicholas @ 12:17

The final gun sounded at the Metrodome last weekend in a Vikings win over Green Bay … and Vegas was already posting odds for Green Bay to win this week’s wild-card matchup by a big margin. Even the San Francisco 49ers are game-planning to face Green Bay next week after they beat the Vikings today. That’s pretty much the definition of “we don’t get no respect”.

The Daily Norseman‘s Christopher Gates explains why this isn’t a problem:

So, once again the Minnesota Vikings find themselves in the playoffs, and they don’t have a lot of people supporting their cause. Oh, there’s no way they can beat the Packers at Lambeau Field … ignoring the fact that there wasn’t supposed to be any way for the Vikings to beat the Packers last week because of how super duper awesome the Packers are in domes and such. The Packers are just too talented … the Packers are just too good … the Packers have Aaron Rodgers … I’m sure you’ve heard all of it since last Sunday night. How bad is it?

The San Francisco 49ers are already game-planning for a match-up against the Green Bay Packers next week.

Yeah. So there’s that.

The Vikings aren’t favored to win on Saturday night in Green Bay, and they shouldn’t be … don’t get me wrong on that. As it stands right now, the Packers are a better team than the Vikings are. How much better is something that we could debate for a while … and the gap is significantly smaller than it was just 12 months ago … but they should be the favorite as it stands now.

For whatever reason, the folks that cover the National Football League just don’t seem to be as impressed with the turnaround of the Minnesota Vikings as they probably should be. To hear these folks talk about the Minnesota Vikings going into this season, the “rebuilding” of this team was supposed to take anywhere between ten and thirty years, and it was going to take a significant amount of time before the Vikings caught up to not only the Packers, but to the Chicago Bears and the Detroit Lions in the NFC North. (Remember when the Lions were better than the Vikings? That was weird, huh?)

Yet as we sit here, just hours before the start of the 2012 NFL playoffs, the Lions are 4-12 and in the top 5 of the 2013 NFL Draft, and the Bears are looking for a new head coach after missing the post-season following a 7-1 start. But the Minnesota Vikings … a team that, just one year ago, had a franchise player coming off of knee surgery, no stadium, and (allegedly) no hope going forward … sit ready to take on the Packers in the wild card round of the playoffs. Sure, they’ve done it on the legs of Adrian Peterson … but a ton of credit has to go to a lot of younger players on this team. Guys like left tackle Matt Kalil, safety Harrison Smith, and kicker Blair Walsh have played big roles for this team in their first season, and going into this season half of the Vikings’ roster had two years of NFL experience or less. The stars on this team are playing like stars, but the role of the youth and their ability to accelerate the rebuilding process is not to be ignored.

I hope the Vikings can win again — I don’t really expect it, but the team is much better now than they were earlier in the season, so my hope isn’t out of the realm of possibility. Coming into the 2012 season, I expected a 6-10 or 7-9 with a lucky break or two. I really didn’t expect 10-6 and a playoff berth. The team has exceeded pretty much everyone’s expectations. Here’s hoping they can do it again tonight in Green Bay.

BBC forgets about original (BBC) series, asks for pilot of new Yes, Prime Minister

Filed under: Britain, Bureaucracy, Humour, Media — Tags: , , — Nicholas @ 00:01

As a result, the remake will not be shown on the BBC:

The new series of Yes, Prime Minister was made for a rival channel because the BBC asked its creators to make a pilot episode, it has emerged.

Co-writer Jonathan Lynn said the BBC had been given first refusal on the revival out of “courtesy”, because it aired the award-winning original.

But he called the request for a test episode “extraordinary”, as “there were 38 pilots available on DVD”.

The first new episodes for 25 years will be aired on digital channel Gold.

Lynn told comedy website Chortle that the BBC “said it was policy” to order a pilot episode before commissioning a full series.

“So we said our policy was to not write a pilot.”

The original Yes, Minister and Yes, Prime Minister tell you more about the actual workings of parliamentary democracy than a full semester undergraduate course. I hope the new series can recapture the magic (if you can call showing the awful workings of government bureaucrats and politicians “magic”).

The new series was filmed last summer and is based on a recent stage production, which launched in 2010.

Digital network Gold said the Rt Hon Jim Hacker would return as the leader of a coalition government, with plots focussing on the economic crisis, a leadership crisis with his coalition partners and a Scottish independence referendum.

David Haig will take the lead role, with Henry Goodman as Sir Humphrey. Both have appeared in the stage version of the show.

They will be joined by Dame Maggie Smith’s son, Chris Larkin, as Bernard Woolley, and Robbie Coltrane as a guest star.

January 4, 2013

“[W]hy Bleeding Heart Libertarians have their work cut out for them”

Filed under: Liberty, Media — Tags: , , , — Nicholas @ 14:02

Bryan Caplan thinks he can explain why there is a gender gap among libertarians (along with a few other gender gaps):

My study of personality psychology makes me one of the doubters. On the popular Myers-Briggs personality test, there is a huge Thinking-Feeling gap between men and women. For men, the breakdown is roughly 60% Thinking, 40% Feeling. For women, the breakdown is roughly 30% Thinking, 70% Feeling.

This Thinking/Feeling disparity explains a lot about gender gaps in college major and occupation. There’s every reason to think that this disparity can help explain gender gaps in political and social views.

To make a long story short: Thinking people tend to have “hard heads” and “hard hearts,” while Feeling people have “soft heads” and “soft hearts.” Unsurprisingly, then, Feeling people tend to hold more anti-market views. I’ve similarly found strong evidence that males “think more like economists.” This gender belief gap increases with education, consistent with a simple model where male and female students gradually learn more about whatever their personalities incline them to study.

The whole premise “Bleeding Heart Libertarianism,” of course, is that we should unbundle the hardness of our heads and the hardness of our hearts. Logically speaking, we can combine hard heads and soft hearts. Empirically, though, this combination is rare. And that’s why Bleeding Heart Libertarians have their work cut out for them. If you’re trying to sell libertarianism to Feeling people, “hard head, soft heart” ideas are more persuasive than “hard head, hard heart” ideas. But the libertarian remains at an inherent disadvantage against intellectual rivals pedaling “soft head, soft heart” ideas.

On politicians needing to kick their own asses

Filed under: Government, Media, Politics, USA — Tags: , , , , — Nicholas @ 11:58

Nick Gillespie responds to a recent Bob Woodward column:

In sort-of documenting the dysfunction of a government that can’t even trim chump change from its petty cash drawer, much less write and pass a goddamned budget, Woodward manages to also illustrate why press solons are pretty useless in this whole process too. Sequestration cuts aren’t odious, except to congenital pants-wetters on both sides of the aisle (such as the neo-con defense hawks at the American Enterprise Institute and Leon Panetta, who can’t abide a single dollar ever being cut from any military budget, even after the Second Coming of Christ and the beating of swords into non-voting GM shares). We’ve been racking up trillion-dollar annual deficits for years now, and the idea of cutting $3 trillion from future deficits over a 10-year period causes things to explode? That shouldn’t be a reach under any circumstances, but especially under one in which both parties agree that we need to stop spending money we don’t have on things we don’t need. If the leadership of both parties couldn’t agree to $3 trillion in deficit trims over a decade in which they expect to spend between $40 trillion and $47 trillion, they weren’t going to agree to cuts of $1.2 trillion anyway. That’s the the real story, and it’s one that need to be retold every single day.

Woodward’s invocation of today’s “vulture politics” and his by-comparison invocation of the good old Reagan days is ridiculously ahistorical, especially coming from one of the guys who presided over the past 40-plus years of American history. Today’s political situation isn’t unique in its “demonization” of the opposition. Jesus Christ, George McGovern likened Nixon to Hitler and Reagan was attacked in similar terms. As was Clinton (by Jerry Falwell, who credited the Man from Hope with multiple murders in Arkansas). And then there was also the Bushitler stuff and novels and faux-documentaries about Dubya’s assassination. Somehow, both sides somehow managed to pass budgets (as awful as they were). The fact that Boehner takes a lot of man-tan heat and Obama is called a socialist is light fare by comparison. What is different is the inability of our top men to freaking complete the most basic tasks required of them: to hash out what they government is going to spend each year according to basic and simple-to-understand legislative rule.

In the end, that is not something mystical or overly complicated or tough because they belong to different parties. It’s the easiest thing in the world to get done and while of course “staffers” will do most of the grunt work, Boehner and Obama — and Harry Reid, the hugely incompetent Senate leader who is arguably the single-most responsible villain in the whole dramedy, need to be running the show.

And when it comes to kicking their own asses, our triumvirate of leaders — Obama, Boehner, and Reid — should get in line behind the rest of us. In the end, we pay their tab, so we should be at the front of the line.

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