In response to:

An Overdue Book

la. morales Wrote: Nov 28, 2012 3:28 PM
Those Cons on welfare, I am sure, truly need it. We are not against those who really need help to be given it.
nomad5 Wrote: Nov 28, 2012 6:12 PM
#4--None of this is to say that we shouldn't help those around us who really need help. Unfortunately, that has been translated into meaning that everyone should have everything, regardless of how hard they work or what they do with their lives. There's a sense of entitlement across this land nowadays that is truly appalling because it's based only in emotions and has NO connection with the real world or with objective truth. The political left had a lot of fun with the term "sustainable" a few years ago...well, that sense of entitlement is "not sustainable", but try getting the average American to grasp this.

Sorry, folks, but the Asia meeting is probably about the last straw. The only question is how bad the collapse will really be
nomad5 Wrote: Nov 28, 2012 6:08 PM
#3--should be the most talked-about thing across the country right now. Do you hear the silence? Do you hear the lack of concern?

I figure that before we are done my 401K will be seized because it won't be "fair" for me to have it and someone else not. I also figure that my Social Security benefits will be nulled out because it won't be "fair" for me to receive more than the next guy (even though I put a lot more in the system than he did). And after all that's done, it won't begin to fill the hole into which we have dug ourselves.

Folks can scream "fairness" all they want. Meanwhile, the other economies on the planet are going to figure out, by watching us and Western Europe, that the "fairness" racket is just that...a racket.
nomad5 Wrote: Nov 28, 2012 6:04 PM
#2--that presume insanely high amounts of economic growth (that's the public-sector unions). Run it out 75 years (like the GAO did with their estimates of unfunded obligations). Now show me ANY taxation plan that foots the bill. You can't. Your party can't. Neither can the Republicans. Both political parties are feeding the American people nonsense, and the Americans are lapping it up.

When the collapse comes (and it's arrival is virtually assured now, because the Americans simply don't care about debt enough to do anything about it), I honestly don't know what the future will be after that. The economic meeting in Asia (where the US was told to take a hike by the economies there) --more to follow--
nomad5 Wrote: Nov 28, 2012 6:00 PM
OK, Wellread, show me the Democrat 75-year plan to (a) balance the budget, (b) pay off the debt, (c) tech-refresh the infrastructure, (d) retrain the population to work the jobs of the 21st century because automation continues to destroy entire classes of jobs, (e) begin and complete the transition away from fossil fuels (assuming they really care about that), (f) pay for the inevitable natural disasters and military actions. Show me how this plan is based on real figures for unemployment (not the polite fiction we've gotten from the Labor Dept. that doesn't count the long-term unemployed), inflation, and economic growth (not the nonsense assumptions favored by labor unions when calculating their pensions--more to follow
wellread Wrote: Nov 28, 2012 4:18 PM
Ah yes, the true Scotsman. OK, I'll counter with only Liberals on welfare paid into the system and really need help. Are we even, are don;t you see how silly your argument is?
If everyone in America had read Stephen Moore's new book, "Who's The Fairest of Them All?", Barack Obama would have lost the election in a landslide.

The point here is not to say, "Where was Stephen Moore when we needed him?" A more apt question might be, "Where was the whole economics profession when we needed them?" Where were the media? For that matter, where were the Republicans?

Since "Who's The Fairest of Them All?" was published in October, there was little chance that it would affect this year's election. But this little gem of a book exposes,...