Where Even a Kid Born in a Log Cabin as a Keynesian Can Get High and Be President

John Ransom
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Posted: Jul 31, 2013 12:01 AM
Where Even a Kid Born in a Log Cabin as a Keynesian Can Get High and Be President

It’s official: Nothing matters but getting the next great fix.

Hook us up Doc, feed it to us; inject it. It doesn’t matter how we get it, as long as we get it.

The future doesn’t matter, as long as we get high immediately.

The drug of choice is government money of course.

The examples are legion.

The Congressional Budget Office, responding to a request from congressman Chris Van Hollen, Democrat rep. from the People’s Republic of Maryland, said this week that while cutting government spending now will marginally hurt growth the next few years, in future years it will help the economy grow.

“Although output would be greater and employment higher in the next few years if the spending reductions under current law were reversed,” says a portion of the CBO letter to Van Hollen quoted in the Washington Post, “that policy would lead to greater federal debt, which would eventually reduce the nation’s output and income below what would occur under current law.”

But of course, that’s not the takeaway we’re seeing in the papers, so to speak. Or amongst politicians, who get their talking points from the papers…or vice versa.

CBO: Sequester cuts would cost up to 1.6M jobs through 2014, says The Hill!

CBO Says Reversing Sequester Would Boost Employment, Output, echoes the Wall Street Journal!!

Sequestration Will Prevent Creation Of Up To 1.6 Million Jobs In Next Year ..., is the predictable reaction of the Huffington Post!!!

“Oh, %@#$^#!!!!,”says I.

If there is a persistent war on anyone going on these days, it’s a war on our kids and grandkids.

Every time we borrow a dollar, it costs us ten future dollars –sometimes more- in debt service.

"It's the school district equivalent of a payday loan or a balloon payment that you might obligate yourself for," says Democrat Bill Lockyer, California’s state treasurer about one such arrangement common for school districts in the Golden-Plated State. "So you don't pay for, maybe, 20 years — and suddenly you have a spike in interest rates that's extraordinary."

Last year the Poway, CA school district borrowed $100 million with a repayment cost of $1 billion. 

And with Detroit’s recent bankruptcy- a BK that Obama said would never, ever, ever, ever happen, especially if he held his breath and stomped his feet- it’s just getting more expensive for taxpayers these days.

The rush to shift Chicago’s and Detroit’s union-negotiated retirement healthcare obligations from the cities to Obamacare, thus from urban taxpayers to YOU? Add that to the tally that our kids will pay.

And then wait for every city controlled by Democrats to do the same thing.

“Holy %@#$^#!!!!,”says I. 

What is to be done? (Bonus point to the reader who can tell me why the “What is to be done?” reference is funny)

Well, here’s a couple of reports that John’s Budget Office (JBO™) came up with that perhaps can help get us back on track.

And since Democrats are so concerned about jobs, let’s concentrate on those, shall we?

From the salient portion of the JBO™ report on Obamacare: “Although output would be greater and employment higher in the next few years if Obamacare’s hastily passed, poorly constructed laws were reversed,” says the JBO™, “that policy reversal would also lead to lower federal debt, which would immediately increase the nation’s output and income above what would occur under current law. JBO™ estimates that 2 million FULL TIME jobs and 1.5 percent of GDP would be added with the repeal of Obamacare through 2014.”

And here’s a snippet from the JBO™ report on energy:  “Although output would be greater and employment higher in the next few years if the nation actively pursued exploiting oil and gas reserves here in the US,” says the JBO™, “that policy reversal would also lead to lower federal debt, which would immediately increase the nation’s output and income above what would occur under current policy. JBO™, estimates that current policy reversal would create 10 million jobs and $15 trillion in GDP over ten years. And major accounting firms and international economic bodies agree with the JBO™ assessment. PWC estimates that if shale oil is fully developed, US Gross Domestic Product could grow an additional 2-5 percent per year, greatly reduce the influence of OPEC, lower global energy prices, and with NatGas thrown in, add at least a million jobs to manufacturing that are now just going to energy costs.”

That means that we could significantly reduce the deficit without drastically cutting benefits for a generation of Americans who have planned to count on it. It means we don’t have to raise taxes. Actually it means we could go to some sort of a simplified tax code, like the fair or flat tax.

It means a prosperous, free, and cool America; an America where even a kid from a log cabin as a Keynesian can grow up to be president of the United States.  Or even a guy like me born in Peru... Illinois. 

Or we could keep doing what we’re doing: Getting high off the government money fix. It doesn’t create jobs, true, but like other drugs it allows us to live in the fantasy world; a world where Obama, even before he took office, was the GREATEST PRESIDENT ever, Democrats pass bills unread to find out what’s in them, and jobs are optional, even discouraged. 

So hey, why not just get high and stay in the log cabin instead?