Also know as, Economics for the willfully ignorant, or, as I like to call them, “Liberals.”
Here it is, folks. Plain and simple. If you have a $1.4 TRILLION deficit, as in, planned spending over and above what you expect to receive in income, then you’d have to increase your income (in this case, taxes) by $1.4 TRILLION if you ever want to break EVEN!
So, if you have a federal government that hasn’t passed a federal budget in over four years, who thinks that things like “continuing resolutions” and “unfunded liabilities” are just an a-okay way to run the show, who continues to maintain that we can’t “afford” any spending cuts because OMG-You-hate-grandma-and-want-her-to-die, and whose only plan for solving this problem is to “tax the rich,” then you are, and let me see if I can come up with an appropriately descriptive term here….uhmmm, OH, I know:
And remember, that would just be to stop the bleeding, to keep the hole from getting any deeper. Any talk of paying off the existing $16 Trillion in national debt would have to be an entirely separate and additional conversation.
The reality of it, of course, should be patently obvious to any but the most self-deluded, braindead, dumb-ass muthafuckin’ social reject (again, as I like to call them, “Liberals”): You cannot pay off our debt, or solve our deficit problem just by increasing taxes on the rich. You HAVE TO STOP SPENDING SO MUCH FUCKING MONEY.
And yes, so, we put forth a couple of pretty hardass, ball-busting economics powerhouses to do just that. And they and their ilk were summarily defeated in favor of the “We want our stuff, and we want it for free, and we want it now, and if we don’t get it we’ll throw ourselves down and have a tantrum like a demon-child in the candy aisle of Wal-Mart” crowd pleasers.
And yes, this is probably the most profanity I’ve ever posted on the internet at one time, because I’m just that damn pissed off.
I had a gentleman of color in my office the other day (or, as I like to call him, a black dude), who was just giddy and bubbly and beside himself that Obama had been re-elected. When I tried bring up all the problems and economic Bad Things going on, pretty much all he could do was grin like the cat that ate the canary and insist, “Obama’s gonna fix it.” I’m not kidding. That is a direct quote. Try to pin him down on specifics, and he gets all vague, talks about generalities, points out quite eruditely the problems, but his only really solution was, “Obama’s gonna fix it.” He couldn’t tell you how, or why he was so confident despite the fact that Obama hadn’t managed to fix it during the LAST four years, but he just knew. He had faith. It was The Obama.
How do you possibly face that kind of blind idealism, completely unassailable by anything resembling fact or reality? It really does feel like a cult.
So, yeah. We are so screwed, and enough of the country doesn’t care, just wants their stuff, and they want it for free, and how dare you even suggest we defund PBS or the National Endowment for the Arts, or National Education Assocation, or any of a million other useless boondoggle pork projects. Hater.