AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
ever hear of the FAILURE to override, of a veto SUSTAINED?
and were richly rewarded for it---most house seats since 1938, most state reps and assemblies in history, 11 gubs, 6 senators...Republicans have abused Senate rules to effectively eliminate majority rule in this country
you're getting carried away and losing sightand that is at the root of our problem
the root of our problem---because of its SCALE---is the 61.6 trillion dollars of unfunded obligations exacerbated egregiously by 5.3 trillion additional per year
U.S. funding for future promises lags by trillions - USATODAY.com
if something isn't done about that---NOW---then our big 3 entitlements will not be there for our next generation
Obama will end up envoking the 14th ammendment, which he has the right to do under the constitution... You know, that document all you tea baggers care about so much. Cant cry about it if its written in there, but you will, because your party really is just a radival movement trying to overthrow government. Cry about it.
There is no need to get hysterical about deficits. They can be addressed by a reasonable balance of spending cuts and tax hikes. But not if Washington is completely disfunctional, i.e., the root of the problem.
disfunction starts at the topBut not if Washington is completely disfunctional, i.e., the root of the problem.
President's budget sinks, 97-0 - TheHill.com
even a fully functional fed would face existential challenge trying to find fix for 61.6T growing 5.3 per year
again, awful big not to see
the governor of new york:
"we have the worst business tax climate in the nation, period, our taxes are 66% higher than the national average"
"the costs of pensions are exploding... a 476% increase and its only getting worse"
"the state of new york spends too much money, it is that blunt and it is that simple"
"an unsustainable rate of growth and it has been for a long time"
"not only do we spend too much, but we get too little in return"
"the large government we have is all too often responsive to the special interests over the people"
"new yorkers are voting with their feet, two million new yorkers have left the state over the past decade"
"what does this say, it says we need radical reform, it says we need a new approach, we need a new perspective and we need it now"
"this is a fundamental realignment for the state"
"the old way wasn't working anyway, let's be honest"
"we want a government that puts the people first and not the special interests first"
"what made new york the empire state was a not a large government complex, it was a vibrant private sector that was creating great jobs"
"and that's what's going to make us the empire state again"
"at the heart of this state is business"
"we have to relearn the lesson our founders knew and we have to put up a sign that says new york is open for business, we get it, and this is going to be a business friendly state"
"we are going to have to confront the tax situation in our state, property taxes in this state are killing new yorkers, thirteen of the sixteen highest tax counties are in new york when assessed by home value"
"westchester county has the highest property taxes in the united states, nassau county has the second highest"
"it has to end, it has to end this year"
"we have to hold the line on taxes for now and reduce taxes in the future, new york has no future as the tax capital of the nation, our young people will not stay, our business will not come"
"put it simply, the people of this state simply cannot afford to pay any more taxes, period"
"we have to start with an emergency financial plan to stabilize our finances, we need to hold the line and we need to institute a wage freeze in the state of new york, we need to hold the line on taxes, we need a state spending cap and we need to close this $10 billion gap without any borrowing"
GOVERNOR ANDREW M. CUOMO STATE OF THE STATE ADDRESS | Governor Andrew M. Cuomo
the gub aint just talkin, either
Cuomo budget: $10 billion deficit cut, no new taxes, layoffs likely
and that sophisticated new york audience is going wild
Andrew Cuomo approval sky-high, new poll suggests - Jennifer Epstein - POLITICO.com
What's their explanation for that? (Get ready for the onslaught of finger-pointing and the chorus of "not our fault.)