And see, THIS is why Americans have become so stubborn on the issue of tax increases on anyone. They want the debt and budget dealt with, and “tax increases on the wealthy” are always sold as being a way to do that (even if it’s only a drop in the bucket.)
But we know they won’t be used for that. They NEVER are. The minute you give DC a nice little pot of extra money, they refuse to pay down the credit card, but instead find something new to spend it on.
Obama’s new ad admits it. The Buffet Rule, sold to the public as a debt-reducer, suddenly needs to be passed so Obama can spend it on a “jobs” stimulus. If every time I gave someone a check to go pay the mortgage they instead came home with a new stereo, eventually I’d reach the point where I’M NOT HANDING YOU ANY MORE FUCKING CHECKS. And DO NOT then whine to me that I’m the one who doesn’t care about the mortgage. Because you are full of shit.
I’m really tired of being continually told by a repeatedly untrustworthy entity that the fact that I don’t trust them is my failing and there is something wrong with me. Fuck you.
I’ve said many times before that I believe in Keynesian economics. During tough economic times the government can keep the economy moving by using deficit spending to stimulate it. But two key points: The loan must eventually be paid back and the money must be spent in ways that actually, you know, stimulate.
There is an old saying that “Politics is the art of the possible.” In early 2009 a stimulus was possible. But Obama and the Democrats screwed it up. They ignored the experts and passed one that wasn’t big enough, then spent the money in the wrong places. We would be a lot better off if they just handed out $1000 checks every month to every unemployed adult in the country.
Those people would have paid rent and bought groceries and other necessities. The money flowing into stores would have gone to pay workers and buy new products to sell. This would have created all kinds of new jobs in a ripple effect. Eventually the 1%ers would get it, but not until it passed thru a lot of other hands.
Obama and the Democrats basically just gave it directly to the 1%ers. Not only did it not stimulate the economy, they managed in the process to discredit Keynes theory. Now the voters (who are on the hook to pay the money back) aren’t willing to float another big loan.
They are willing to deal with some austerity. Most of them understand doing without. You can talk until you are blue in the face about how the federal budget isn’t like a household budget. You can tell them that austerity will delay the recovery. They still aren’t giving any more money to someone who spends like a crackhead with a stolen credit card.
Don’t blame me, I voted for Hillary.