Alarming News: I like Morgan Freeberg. A lot.
Anti-Idiotarian Rottweiler: We were following a trackback and thinking "hmmm... this is a bloody excellent post!", and then we realized that it was just part III of, well, three...Damn. I wish I'd written those.
Anti-Idiotarian Rottweiler: ...I just remembered that I found a new blog a short while ago, House of Eratosthenes, that I really like. I like his common sense approach and his curiosity when it comes to why people believe what they believe rather than just what they believe.
Brutally Honest: Morgan Freeberg is an intriguing guy...[he] asks great questions and answers others with style, flair, reason and wit. On the blogroll he goes. Make him a part of your regular blogospheric reading. I certainly will.
Brutally Honest: Morgan Freeberg is brilliant.
Common Sense Junction: Misha @ Anti-Idiotarian never ceases to amaze me. He keeps finding other good blogs. I went over to A.I. this morning for my daily Misha fix and he had found this guy named Morgan Freeberg in Fair Oaks, California, that has a blog, House of Eratosthenes. Freeberg says its "The Blog That Nobody Reads" but it may now become the blog that everybody reads.
Jaded Haven: Good God, Morgan, you cover a topic from front to back with a screwy thoroughness I find mind boggling. I'm in awe of your thought proccesses, my friend, you're an exceptional talent. You start by throwing in the kitchen sink, tie in someone's syphilitic uncle, bend around a rip tide of brilliance and bring it all home in a neat, diamond dripping package of an exceptionally readable moment of damn fine wordsmithing. I love reading you.
Mein Blogovault: Make "the Blog that No One Reads" one of your daily reads.
Philmon: When Morgan meanders, stick with him - he's got a point and it'll be worth it in the end. He's not a hit-and-run snarky quip kind of guy. The pieces all fall into place like tumblers in a lock and bang! He's opened a cognative door for you.
Rightlinx: Morgan at House of Eratosthenes is one of the best writers out there. I read him nearly every day because he manages to provide an interesting perspective, even though I don't always agree.
Poetic Justice: Cletus! Ah gots a laiv one fer yew...
“Mr. Rearden, the law which you are denouncing is based on the highest principle — the principle of the public good.”
“Who is the public? What does it hold as its good? There was a time when men believed that ‘the good’ was a concept to be defined by a code of moral values and that no man had the right to seek his good at the violation of the rights of another. If it is now believed that my fellow men may sacrifice me in any manner they please for the sake of whatever they deem to be for their own good, if they believe that they may seize my property simply because they need it — well, so does any burglar. There is only one difference: the burglar does not ask me to sanction his act.” [emphasis mine]
— Atlas Shrugged, p. 442 (35th anniv. reprint ed., Signet)
So Rick links to a story about Henry Rearden, oh I mean Joe The Plumber, and how JTP is fearing for the future of our country. Good fear to have; I share it. And, by the by, he complements it with the cartoon you see to the right.
Zossima, the local liberal gadfly, indulges in his long-supported habit of saying…his stuff…I think the least I can do is whatever I can to ensure his words achieve greater visibility. It is the very least I can do.
…I’ll go along with any plan you guys propose as long as you have a real solution for dealing with the deficit. Kinda funny thing you might want to take your head out of your kiester to notice: $11 trillion in US federal gov’t debt is largely due to the tax and economic policies of Reagan and two Bushes. Clinton balanced the budget and brought prosperity. I’m just sayin’…
Okay. So the subject under discussion is liberals with their little “Robin Hood” schtick and how much that fowls things up. Zossima wants to talk about the deficit. Okay…we’re going to tax the snot out of people who actually make the jobs in our country, who make business actually happen — because that’s the only way we can “deal…with the deficit.”
So I couldn’t help but wonder —
Great point, Zossima.
So if spreading the wealth around will bring down this public debt you want to discuss (as opposed to the subject at hand), how come nobody’s been able to make it work that way?
You’re so smart and you make things so simple. This should be an easy question for you.
Zossima comes back, and boy, he really puts me in my place. The answer was so obvious, I don’t know how it ever got past me. I feel like Luke Wilson in Idiocracy, you know, when he got in the wrong line at the prison…just the biggest dumbass…
Huh, lessee, the simple mind asks for a simple answer. Well, under Clinton, taxes were increased. And under Clinton, we had economic prosperity and a balanced budget. Under Reagan, Bush the elder, and Bush the doofus, taxes were decreased, deficits soared, and we are now on the brink of economic ruin.
Well then. Allow me to retort.
Bzzzt! WRONG! Sorry, try again. When Clinton came to office, the public debt held by our government was somewhere around 4.1 to 4.2 trillion. When he left it was up around 5.7 trillion.
So back to my question. When did it work?
If you check out that link, you’ll see Rick found the hard data derived from what I had referenced before getting into it…you’ll also see where I call out this difference between public debt, which is a balance sheet item, and this budget deficit thing which is a year-to-year statistic, commonly confused with public debt to make democrats look good.
But try this. Go look up the statistics for the public debt of our government. How it’s carried from one year to the next; how it goes up, how it goes down. You’ll see it’s spun out of control, regularly, since the founding of the nation.
When does it spin out of control?
When a Republican is in the White House?
When a democrat is in the White House?
When the Republicans run Congress?
When democrats run Congress? When the democrat party comes up with bold, new, innovative social programs?
No, no, no, no and no.
It’s WAR, stupid.
Wars are expensive. Cold wars and hot wars. And lately, when a Republican becomes President, the public debt spins out of control if & when there is a war on. Not quite so much when there’s a democrat President.
Is that because democrats know how to deal with finances and debt? Hah. Tell me another. Nobody, who’s paid the slightest bit of attention, can possibly take it seriously that democrats have anything to do with fiscal restraint. They don’t. It’s the wars. Republicans go ahead and deal with what’s going on, in the here-and-now; democrats put things off until some other time that might turn out to be more convenient (when a Republican can take the fall for things). So yes. Our public debt explodes when a Republican is in office, so that smaller wars can be fought at that time, when they need to be fought — rather than be allowed to putrify and become gigantic wars for someone else to deal with.
Which would, then, explode our nation’s debt anyway.
Like it or not, that’s the history of our nation. Back to the very beginning.
But back to the subject immediately under discussion —
Economics is all about cause and effect. I get that these wonderful liberal Presidents like Carter, Clinton and Obama are cause, and a “balanced budget” is the effect…lots of leftist twits have told me so…nobody’s been able to draw a line logically connecting the two together. They can’t. You don’t jump-start an economy by making it more expensive to buy goods and services.
You don’t create jobs by making it more expensive to provide those jobs.
You don’t bring down the price of a company’s products by making it more expensive for that company to bring products to market.
This stuff isn’t debated often, because there simply isn’t a debate to have about it. It’s math. Simple, third-grade math.
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