But hey, at least you were "cool" voting for Obama. Yeah, that's worth enslaving your children. I can see the conversation now.
Child of Gen X'er - "Dad, why do I only get to keep only 30% of my income?"
Aged Gen X'er - "Because I was cool in 2008 and voted for Obama!"
Child of Gen X'er - "Yeah, but this is kind of like slavery."
Aged Gen X'er - "Quit being so racist and eat your government financed organic green bran muffin!"
And the responses coming from the White House are even more transparently stupid than I expected, (but he did promise transparency, now didn't he?):
ReplyDeleteWhite House Sends Signals on Deficit (WSJ)
I emphasize, "the result of a belief that economic recovery is happening." Facts schmacts, if we all just believe, it'll be okay!
I love bran muffins. I ever do hope they have raisins in them.
ReplyDeleteThat table is also a fairly decent prediction of which nations will be ineffective & mired, rather than dynamic and investing in productive endeavours.
ReplyDeleteFor example it's a gimme to imagine that the USN will not be keeping sea lanes free, and intimidating 2 bit dictatorships when most of the budget goes not to buying new ships and paying sailors,( and developing the kinds of technology that scare the bejesus out of potential opponents) but towards servicing the debt, and paying for bad healthcare.
My 10 year old son is an ardent Obama supporter, because his teacher was. His class voted nearly unanimously for Obama in a mock election during the primaries. Last week I showed him the graph of how the budget deficit is projected to explode over the next 10 years and told him that he would have to pay it off when he starts working. He burst into tears and said "I don't want to pay! I'm not going to pay!" It was kind of heartbreaking to see. I suspect a lot of older people will have a similar reaction in the future when they realize that the "rich" aren't the only ones who have to foot the bill.
ReplyDeleteCappy,
ReplyDeleteYou are always right on. The sad thing is that, those of us who see what's coming will get to say 'I told you so' while standing in the cesspool of debt and despair along side the culprits.
I am Canadian and I live on an Island in the Pacific. I feel like I am in a peanut gallery watching the marionette show on the mainland.
Debt run up by fiscal conservatives Bush I + II, and Reagan, 9T. Debt run up by Dem's Clinton and nObama 3T. Looks like Dem's are the low spenders. So, why is it nObama's fault the gen X kids are going to have to pay this all back? Looks like you're not being very objective Captain and you usually pride yourself on that.
ReplyDelete@Anon 1PM
ReplyDeleteYou are the perfect dumbass.
BUSH'S FAULT, BUSH'S FAULT
Obama is QUADRUPLING DOWN ON WHAT BUSH DID.
Typically effing spoiled brat socialist American who wants to ignore reality and believe in what they want to believe.
You're a hypocrite and you're too damn stupid to realize it.
Hi Jamie,
ReplyDeleteSomething tells me though with you as his father he will straighten up and fly right.
Cpt.
I'm anon @1. I typically agree with you 90% of the time, so I guess that makes you 90% as stupid as I am. If you objectively look at it, Democrats have run up smaller deficits than Republicans. Why can't you recognize that. I know you can do the math. I don't support nObama (which is why I wrote his name like that) but you are pinning all the debt on him, when even if his budget explodes, it is still less than half of the total. Bush's and Reagan ran up more than half. Live in reality.
ReplyDeleteBy the way, I supported Ron Paul and I'm an accountant. Hardly a socialist brat.
Did you look at the CBO figures and the federal budget projections then? Those AREN'T coming under Bush's watch. And yes, Bush's deficits as well as Reagans were unacceptable, but the majority of the new debt we're adding is in Obama's hands and it will dwarf what Reagan, Bush and LBJ could ever dream up.
ReplyDelete