Obama Hears a Giant Sucking Sound
“That Mr. Obama had been sent by history to assuage the insecurities of the middle class with a “New” New Deal was always a tad detached from reality anyway. The reason is those giant legacies of existing New Dealism known as Social Security and Medicare, about which he was careful to say nothing intelligible during the campaign. These programs worked for a while too, but now their expected revenues are (in present value) about $99.2 trillion short of the expected outlays required to assure present and future workers their promised comfort in retirement.”
— Obama Hears a Giant Sucking Sound - WSJ.com
All of this so badly needed to be said. And repeated. And pounded into everyone’s heads over and over. Government intervention doesn’t work. It’s not anyone’s fault, it’s just impossible for our slow moving and politically motivated government to allocate resources and capital as efficiently as a free market. 6 billion heads are better than one (sorry Mr. President)
Please read this, even if you’re pro-big government. It’s not propoganda. It’s facts.
Source: josephweisenthal
8 Notes/ Hide
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colinkloecker liked this
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mattlehrer reblogged this from josephweisenthal
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billda reblogged this from shorterexcerpts and added:
Are you really attempting the argument that the general principals behind “Reaganomics” (I hate that term) - small...
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shorterexcerpts reblogged this from southpol and added:
That 99 trillion was figured by the same asshats that called the Laffer Curve and Reaganomics airtight and sound...
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southpol reblogged this from iambal and added:
Nope. It’s propaganda. Or closer to it, at least, than it is to “just facts.” [Fannie Mae’s problems are attributed to...
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iambal reblogged this from billda
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wooliebear liked this
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billda reblogged this from josephweisenthal and added:
All of this so badly needed to be said. And repeated. And pounded into everyone’s heads over and over. Government...
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josephweisenthal posted this
