Monday, November 15, 2010

Deficit Attention Disorder

CBS News asked people what they wanted the new Congress to take up first.  Can you guess?  Hint:  it wasn't lower the deficit.

56% say Congress should immediately tackle the economic situation including jobs a clear majority, 14% said health care, but only four percent said the deficit was the most important agenda item.

So can someone explain this drivel to me in the Sioux City Iowa Journal?

When America was attacked on Sept. 11, 2001, the nation united behind a common purpose: Going after the terrorist network responsible for the carnage.
It's time for Americans to join together in similar fashion to fight a different kind of enemy.
This enemy lives within our own borders and is of our own making. Like the war against terrorism, this battle will be difficult, require sacrifice and take years. Unlike the war against evil overseas, however, we can't rely on our men and women in uniform to carry the load for us on this one.
In every year since 1969, the federal government has spent more money than it has taken in. Today the federal budget deficit has grown to the staggering level of nearly $14 trillion. One need not be a Nobel Prize-winning economist to understand the dire ramifications - for Americans of all generations, present and future - if the country continues down this road. Rest assured, the day of reckoning will arrive and America will be bankrupt.
We can look back by arguing about what presidents and what political party is most responsible for the appalling size of the deficit while the red ink grows deeper or we can collectively roll up our sleeves and commit to changing course for the future.
Because we prefer the latter approach, we were disappointed (although not surprised) at much of the initial reaction on Wednesday to a plan put forth by the co-chairs of President Obama's bipartisan deficit reduction commission - former White House Chief of Staff Erskine Bowles, a Democrat, and former Sen. Alan Simpson, a Republican.

How can anyone, particularly a newspaper editorial board, compare lowering the deficit right now to defending the country from 9/11 terrorists...which I might add our massive over-response to 9/11 is one of the big reasons we can't lower the deficit, by the way...when we have lost 8 million jobs?

Isn't it far more important to create jobs right now?  This is insanity.  And yet, our lords are telling us "welcome to the new normal, here's your austerity program or the terrorists win."

Repugnant stuff, really.

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