@ehBeth,
ehBeth wrote:
I don't think anyone is suggesting it is original as a concept.
What is somewhat original is the way it is being used. Will people understand the costs to them of some of the cost-cutting measures being proposed?
It will be interesting to see how it works for Mr. Obama.
Bloomberg recently talked about how his partner reminds him that the bottom line is something along the lines of "my job. my house". They get it.
I believe they have posed a false dilemma here. The cost to us all if the government spending spree, and in the case of this administration, the expensive and cynical payoffs to their various organized constituents continue for long will eclipse the difficulties that are being put forward.
If tax rates on the "rich" were raised to 60% there wouldn't be enough additional collections to even seriously dent the growing deficit. Not all of this is the result of the actions of the current administration - the problem goes back to the late 1980s, but for the past two plus years it has pursued what I believe to be precisely the wrong economic policies, adding more to the deficit in two years than was done in the previous ten, and, worse than that, they have worked hard to create the illusion that we really have the choices they affirm and to delude a hopeful public into the belief that it doesn't have to adapt to new conditions. Instead of rational approaches to serious, but solvable problems we get rhetoric suggesting class warfare and continued delusion.