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Topic: When a Country Goes Insane
Bestinshow's photo
Tue 02/22/11 04:53 AM
This must be what it’s like when a country goes insane, when it falls down a rabbit hole and tries to pretend that everything is normal.

It can’t tell truths from lies. Hucksters pose as upright men, and people imagine they are Solons, avatars of insight come down from the ages. Sleazy operators pass themselves off as statesmen, as thinkers of deep gravitas, and the crowds, unable to distinguish sanctimony from sincerity, bravado from ********, lap it up.

Let’s be clear. It was the Republicans who wrecked the economy. Both their people and their policies drove the economy into the ditch. They wrecked the economy not once, but twice in the last eighty years.

So Republicans condescending to instruct Americans about how to fix the economy is like the captain of the Titanic lecturing shipping operators about safe procedures for navigating the north Atlantic. No sane society would tolerate it. But this one does.

How bad is it this time?

Six million people have lost their jobs. Twenty five million are underemployed. Many will never work again. Eight trillion dollars of middle class wealth has been destroyed in the housing collapse. One out of four mortgage holders are under water, owing more on their home than it’s worth. Fifty million people are living in poverty. One out of eight Americans are on food stamps. One of every two children will be on food stamps at some point in their lives.

How much worse can it get?

And the rich? Corporate profits are at an all-time high. But corporate taxes — not the imaginary “nominal” rates they whine so bitterly about, but the taxes actually paid — are among the lowest in the industrial world. Income inequality is at its highest level since 1917. Between 2000 and 2006, two thirds of all the growth in the entire economy went to the top 1%. And the “too big to fail” banks, those that wrecked the economy and extorted trillions of dollars from the government to rescue them? They are now even bigger.

How much better can it get?

And the Republicans’ response? The working and middle class need to pay. Never mind that it was Reagan and Bush I who quadrupled the national debt in only 12 years, and Bush II who doubled it again in only eight, all to grease the pockets of their wealthy base. It’s the working and middle class who need to be bled. They still have assets that can be milked from them. They can still be made more subservient, more docile.

They need to give up the union protections that have afforded them the slightest bargaining power against the largest organizations on earth. They need to give up environmental protections, even though every one of them have rocket fuel in their bodies from water contamination. They need to give up the mortgage interest deductions that allowed them to buy and own their own homes.

They need to give up government help with college loans that allowed their children to get the education they could never have. They need to give up any expectation of extended unemployment insurance, even though there are five people looking for every job available. They need to give up the retirement protections that Social Security has promised them for the past 75 years.

In other words, they need to give up any expectation of security, or dignity. They need to give up any childish illusions that they have any say in the government, that it is operated for any such quaint Madisonian ends as “the general welfare.” They need to put on their kneepads and accustom themselves to being grateful servants to their new feudal masters, assuming their masters will have them. It’s sickening.

Even though it was trillions of dollars of government bail-outs that saved the banks and their shareholders from bankruptcy… Even though it was government stimulus that reversed the 750,000 monthly job losses that were savaging the economy when Obama took office… Even though it was government FDIC insurance that protected millions of savers from being wiped out, and unemployment insurance that mitigated the collapse of aggregate demand, staving off another Great Depression…

It’s the poor, the working, and the middle classes that must be made to pay, for in the Republicans’ psychotic world government is existentially bad because it is through government that democracy tries to modulate the worst excesses of capitalism, which is existentially good.

It’s almost surrealistic. But decades of relentless Republican hate-mongering against the government has done its job.

Never mind that it was government that pulled off the greatest feat of social engineering in history. In 1900, only 4% of Americans graduated from high school. By 2000, more than 80% did. It was this mass educated public that made possible the most technically sophisticated economy in the history of the world.

It was government that won both World War I and World War II, leaving the U.S. economy astride the world like a colossus, able to harvest the fruits for decades. It was the government GI Bill program that educated a generation of young people to ultimately defeat the Soviet Union.

It was the government that wired every house in the country for electricity during the Great Depression, setting up the largest household consumer-goods market in the world in the 1950s: home appliances. And it was government guarantees for home loans that set off the greatest building boom in the history of the world: suburbia.

It was government that paved more than 3 million miles of road between 1930 and 1960, making possible the massive economic boom associated with automobiles, mass mobility, and more. It was government research that invented the graphical user interface and the Internet.

None of that matters.

Hate is stronger than logic and more than anything else, Republicans love their hate. It’s the only thing that gives them power. The more vicious, the more loony they are, the more they are treated like savants, like prophets channeling some higher wisdom, come though it may from the self-loathing gutter of political prostitution. They pull stuff out of their *** and brazenly pass it off as stone tablets. And people swoon.

Of course, you can understand why. The media genuflect before gibberish and idolize idiocy. They are the media-tors of a Gresham’s Law of public discourse where bad information drives out good. For their own slick whoring they become “players,” while everybody else is left with a debauched civic currency, a crushed economy, and a collective impotence that makes true democracy and true prosperity impossible.

Alice in Wonderland would be amazed, even repulsed, that such cultural pathology passes for intelligence, even civilization. At least she stood up to the inanities of the Mad Hatter, the insanities of the Queen of Hearts, the arrogant deceits of Humpty Dumpty. But she didn’t live in today’s America.


Robert Freeman writes on economics, history and education. He teaches history and economics at Los Altos High School in Los Altos, CA. and is the founder of One Dollar For Life, a national non-profit that helps American students build schools in the developing world through contributions of one dollar. He can reached at robertfreeman10@yahoo.com.

http://www.commondreams.org/view/2011/02/21-5

InvictusV's photo
Tue 02/22/11 05:21 AM

This must be what it’s like when a country goes insane, when it falls down a rabbit hole and tries to pretend that everything is normal.

It can’t tell truths from lies. Hucksters pose as upright men, and people imagine they are Solons, avatars of insight come down from the ages. Sleazy operators pass themselves off as statesmen, as thinkers of deep gravitas, and the crowds, unable to distinguish sanctimony from sincerity, bravado from ********, lap it up.

Let’s be clear. It was the Republicans who wrecked the economy. Both their people and their policies drove the economy into the ditch. They wrecked the economy not once, but twice in the last eighty years.

So Republicans condescending to instruct Americans about how to fix the economy is like the captain of the Titanic lecturing shipping operators about safe procedures for navigating the north Atlantic. No sane society would tolerate it. But this one does.

How bad is it this time?

Six million people have lost their jobs. Twenty five million are underemployed. Many will never work again. Eight trillion dollars of middle class wealth has been destroyed in the housing collapse. One out of four mortgage holders are under water, owing more on their home than it’s worth. Fifty million people are living in poverty. One out of eight Americans are on food stamps. One of every two children will be on food stamps at some point in their lives.

How much worse can it get?

And the rich? Corporate profits are at an all-time high. But corporate taxes — not the imaginary “nominal” rates they whine so bitterly about, but the taxes actually paid — are among the lowest in the industrial world. Income inequality is at its highest level since 1917. Between 2000 and 2006, two thirds of all the growth in the entire economy went to the top 1%. And the “too big to fail” banks, those that wrecked the economy and extorted trillions of dollars from the government to rescue them? They are now even bigger.

How much better can it get?

And the Republicans’ response? The working and middle class need to pay. Never mind that it was Reagan and Bush I who quadrupled the national debt in only 12 years, and Bush II who doubled it again in only eight, all to grease the pockets of their wealthy base. It’s the working and middle class who need to be bled. They still have assets that can be milked from them. They can still be made more subservient, more docile.

They need to give up the union protections that have afforded them the slightest bargaining power against the largest organizations on earth. They need to give up environmental protections, even though every one of them have rocket fuel in their bodies from water contamination. They need to give up the mortgage interest deductions that allowed them to buy and own their own homes.

They need to give up government help with college loans that allowed their children to get the education they could never have. They need to give up any expectation of extended unemployment insurance, even though there are five people looking for every job available. They need to give up the retirement protections that Social Security has promised them for the past 75 years.

In other words, they need to give up any expectation of security, or dignity. They need to give up any childish illusions that they have any say in the government, that it is operated for any such quaint Madisonian ends as “the general welfare.” They need to put on their kneepads and accustom themselves to being grateful servants to their new feudal masters, assuming their masters will have them. It’s sickening.

Even though it was trillions of dollars of government bail-outs that saved the banks and their shareholders from bankruptcy… Even though it was government stimulus that reversed the 750,000 monthly job losses that were savaging the economy when Obama took office… Even though it was government FDIC insurance that protected millions of savers from being wiped out, and unemployment insurance that mitigated the collapse of aggregate demand, staving off another Great Depression…

It’s the poor, the working, and the middle classes that must be made to pay, for in the Republicans’ psychotic world government is existentially bad because it is through government that democracy tries to modulate the worst excesses of capitalism, which is existentially good.

It’s almost surrealistic. But decades of relentless Republican hate-mongering against the government has done its job.

Never mind that it was government that pulled off the greatest feat of social engineering in history. In 1900, only 4% of Americans graduated from high school. By 2000, more than 80% did. It was this mass educated public that made possible the most technically sophisticated economy in the history of the world.

It was government that won both World War I and World War II, leaving the U.S. economy astride the world like a colossus, able to harvest the fruits for decades. It was the government GI Bill program that educated a generation of young people to ultimately defeat the Soviet Union.

It was the government that wired every house in the country for electricity during the Great Depression, setting up the largest household consumer-goods market in the world in the 1950s: home appliances. And it was government guarantees for home loans that set off the greatest building boom in the history of the world: suburbia.

It was government that paved more than 3 million miles of road between 1930 and 1960, making possible the massive economic boom associated with automobiles, mass mobility, and more. It was government research that invented the graphical user interface and the Internet.

None of that matters.

Hate is stronger than logic and more than anything else, Republicans love their hate. It’s the only thing that gives them power. The more vicious, the more loony they are, the more they are treated like savants, like prophets channeling some higher wisdom, come though it may from the self-loathing gutter of political prostitution. They pull stuff out of their *** and brazenly pass it off as stone tablets. And people swoon.

Of course, you can understand why. The media genuflect before gibberish and idolize idiocy. They are the media-tors of a Gresham’s Law of public discourse where bad information drives out good. For their own slick whoring they become “players,” while everybody else is left with a debauched civic currency, a crushed economy, and a collective impotence that makes true democracy and true prosperity impossible.

Alice in Wonderland would be amazed, even repulsed, that such cultural pathology passes for intelligence, even civilization. At least she stood up to the inanities of the Mad Hatter, the insanities of the Queen of Hearts, the arrogant deceits of Humpty Dumpty. But she didn’t live in today’s America.


Robert Freeman writes on economics, history and education. He teaches history and economics at Los Altos High School in Los Altos, CA. and is the founder of One Dollar For Life, a national non-profit that helps American students build schools in the developing world through contributions of one dollar. He can reached at robertfreeman10@yahoo.com.

http://www.commondreams.org/view/2011/02/21-5


is this Baghdad Bob?

What a fning idiot..

Bestinshow's photo
Tue 02/22/11 05:30 AM


This must be what it’s like when a country goes insane, when it falls down a rabbit hole and tries to pretend that everything is normal.

It can’t tell truths from lies. Hucksters pose as upright men, and people imagine they are Solons, avatars of insight come down from the ages. Sleazy operators pass themselves off as statesmen, as thinkers of deep gravitas, and the crowds, unable to distinguish sanctimony from sincerity, bravado from ********, lap it up.

Let’s be clear. It was the Republicans who wrecked the economy. Both their people and their policies drove the economy into the ditch. They wrecked the economy not once, but twice in the last eighty years.

So Republicans condescending to instruct Americans about how to fix the economy is like the captain of the Titanic lecturing shipping operators about safe procedures for navigating the north Atlantic. No sane society would tolerate it. But this one does.

How bad is it this time?

Six million people have lost their jobs. Twenty five million are underemployed. Many will never work again. Eight trillion dollars of middle class wealth has been destroyed in the housing collapse. One out of four mortgage holders are under water, owing more on their home than it’s worth. Fifty million people are living in poverty. One out of eight Americans are on food stamps. One of every two children will be on food stamps at some point in their lives.

How much worse can it get?

And the rich? Corporate profits are at an all-time high. But corporate taxes — not the imaginary “nominal” rates they whine so bitterly about, but the taxes actually paid — are among the lowest in the industrial world. Income inequality is at its highest level since 1917. Between 2000 and 2006, two thirds of all the growth in the entire economy went to the top 1%. And the “too big to fail” banks, those that wrecked the economy and extorted trillions of dollars from the government to rescue them? They are now even bigger.

How much better can it get?

And the Republicans’ response? The working and middle class need to pay. Never mind that it was Reagan and Bush I who quadrupled the national debt in only 12 years, and Bush II who doubled it again in only eight, all to grease the pockets of their wealthy base. It’s the working and middle class who need to be bled. They still have assets that can be milked from them. They can still be made more subservient, more docile.

They need to give up the union protections that have afforded them the slightest bargaining power against the largest organizations on earth. They need to give up environmental protections, even though every one of them have rocket fuel in their bodies from water contamination. They need to give up the mortgage interest deductions that allowed them to buy and own their own homes.

They need to give up government help with college loans that allowed their children to get the education they could never have. They need to give up any expectation of extended unemployment insurance, even though there are five people looking for every job available. They need to give up the retirement protections that Social Security has promised them for the past 75 years.

In other words, they need to give up any expectation of security, or dignity. They need to give up any childish illusions that they have any say in the government, that it is operated for any such quaint Madisonian ends as “the general welfare.” They need to put on their kneepads and accustom themselves to being grateful servants to their new feudal masters, assuming their masters will have them. It’s sickening.

Even though it was trillions of dollars of government bail-outs that saved the banks and their shareholders from bankruptcy… Even though it was government stimulus that reversed the 750,000 monthly job losses that were savaging the economy when Obama took office… Even though it was government FDIC insurance that protected millions of savers from being wiped out, and unemployment insurance that mitigated the collapse of aggregate demand, staving off another Great Depression…

It’s the poor, the working, and the middle classes that must be made to pay, for in the Republicans’ psychotic world government is existentially bad because it is through government that democracy tries to modulate the worst excesses of capitalism, which is existentially good.

It’s almost surrealistic. But decades of relentless Republican hate-mongering against the government has done its job.

Never mind that it was government that pulled off the greatest feat of social engineering in history. In 1900, only 4% of Americans graduated from high school. By 2000, more than 80% did. It was this mass educated public that made possible the most technically sophisticated economy in the history of the world.

It was government that won both World War I and World War II, leaving the U.S. economy astride the world like a colossus, able to harvest the fruits for decades. It was the government GI Bill program that educated a generation of young people to ultimately defeat the Soviet Union.

It was the government that wired every house in the country for electricity during the Great Depression, setting up the largest household consumer-goods market in the world in the 1950s: home appliances. And it was government guarantees for home loans that set off the greatest building boom in the history of the world: suburbia.

It was government that paved more than 3 million miles of road between 1930 and 1960, making possible the massive economic boom associated with automobiles, mass mobility, and more. It was government research that invented the graphical user interface and the Internet.

None of that matters.

Hate is stronger than logic and more than anything else, Republicans love their hate. It’s the only thing that gives them power. The more vicious, the more loony they are, the more they are treated like savants, like prophets channeling some higher wisdom, come though it may from the self-loathing gutter of political prostitution. They pull stuff out of their *** and brazenly pass it off as stone tablets. And people swoon.

Of course, you can understand why. The media genuflect before gibberish and idolize idiocy. They are the media-tors of a Gresham’s Law of public discourse where bad information drives out good. For their own slick whoring they become “players,” while everybody else is left with a debauched civic currency, a crushed economy, and a collective impotence that makes true democracy and true prosperity impossible.

Alice in Wonderland would be amazed, even repulsed, that such cultural pathology passes for intelligence, even civilization. At least she stood up to the inanities of the Mad Hatter, the insanities of the Queen of Hearts, the arrogant deceits of Humpty Dumpty. But she didn’t live in today’s America.


Robert Freeman writes on economics, history and education. He teaches history and economics at Los Altos High School in Los Altos, CA. and is the founder of One Dollar For Life, a national non-profit that helps American students build schools in the developing world through contributions of one dollar. He can reached at robertfreeman10@yahoo.com.

http://www.commondreams.org/view/2011/02/21-5


is this Baghdad Bob?

What a fning idiot..
realy do you honestly think that?? laugh this country is doomed.

no photo
Tue 02/22/11 05:44 AM
Over 30% of Conservatives believe that President Obama is the Anti-Christ....that tells you how ignorant they are.....or brainwashed.

Bestinshow's photo
Tue 02/22/11 05:52 AM

Over 30% of Conservatives believe that President Obama is the Anti-Christ....that tells you how ignorant they are.....or brainwashed.
I think that is why republicans are against public education. People with an education usualy end up as democrats.

no photo
Tue 02/22/11 06:25 AM
Really great summary of the situation. We can be proud of being "fringe idiots".

InvictusV's photo
Tue 02/22/11 07:44 AM
Edited by InvictusV on Tue 02/22/11 08:00 AM



This must be what it’s like when a country goes insane, when it falls down a rabbit hole and tries to pretend that everything is normal.

It can’t tell truths from lies. Hucksters pose as upright men, and people imagine they are Solons, avatars of insight come down from the ages. Sleazy operators pass themselves off as statesmen, as thinkers of deep gravitas, and the crowds, unable to distinguish sanctimony from sincerity, bravado from ********, lap it up.

Let’s be clear. It was the Republicans who wrecked the economy. Both their people and their policies drove the economy into the ditch. They wrecked the economy not once, but twice in the last eighty years.

So Republicans condescending to instruct Americans about how to fix the economy is like the captain of the Titanic lecturing shipping operators about safe procedures for navigating the north Atlantic. No sane society would tolerate it. But this one does.

How bad is it this time?

Six million people have lost their jobs. Twenty five million are underemployed. Many will never work again. Eight trillion dollars of middle class wealth has been destroyed in the housing collapse. One out of four mortgage holders are under water, owing more on their home than it’s worth. Fifty million people are living in poverty. One out of eight Americans are on food stamps. One of every two children will be on food stamps at some point in their lives.

How much worse can it get?

And the rich? Corporate profits are at an all-time high. But corporate taxes — not the imaginary “nominal” rates they whine so bitterly about, but the taxes actually paid — are among the lowest in the industrial world. Income inequality is at its highest level since 1917. Between 2000 and 2006, two thirds of all the growth in the entire economy went to the top 1%. And the “too big to fail” banks, those that wrecked the economy and extorted trillions of dollars from the government to rescue them? They are now even bigger.

How much better can it get?

And the Republicans’ response? The working and middle class need to pay. Never mind that it was Reagan and Bush I who quadrupled the national debt in only 12 years, and Bush II who doubled it again in only eight, all to grease the pockets of their wealthy base. It’s the working and middle class who need to be bled. They still have assets that can be milked from them. They can still be made more subservient, more docile.

They need to give up the union protections that have afforded them the slightest bargaining power against the largest organizations on earth. They need to give up environmental protections, even though every one of them have rocket fuel in their bodies from water contamination. They need to give up the mortgage interest deductions that allowed them to buy and own their own homes.

They need to give up government help with college loans that allowed their children to get the education they could never have. They need to give up any expectation of extended unemployment insurance, even though there are five people looking for every job available. They need to give up the retirement protections that Social Security has promised them for the past 75 years.

In other words, they need to give up any expectation of security, or dignity. They need to give up any childish illusions that they have any say in the government, that it is operated for any such quaint Madisonian ends as “the general welfare.” They need to put on their kneepads and accustom themselves to being grateful servants to their new feudal masters, assuming their masters will have them. It’s sickening.

Even though it was trillions of dollars of government bail-outs that saved the banks and their shareholders from bankruptcy… Even though it was government stimulus that reversed the 750,000 monthly job losses that were savaging the economy when Obama took office… Even though it was government FDIC insurance that protected millions of savers from being wiped out, and unemployment insurance that mitigated the collapse of aggregate demand, staving off another Great Depression…

It’s the poor, the working, and the middle classes that must be made to pay, for in the Republicans’ psychotic world government is existentially bad because it is through government that democracy tries to modulate the worst excesses of capitalism, which is existentially good.

It’s almost surrealistic. But decades of relentless Republican hate-mongering against the government has done its job.

Never mind that it was government that pulled off the greatest feat of social engineering in history. In 1900, only 4% of Americans graduated from high school. By 2000, more than 80% did. It was this mass educated public that made possible the most technically sophisticated economy in the history of the world.

It was government that won both World War I and World War II, leaving the U.S. economy astride the world like a colossus, able to harvest the fruits for decades. It was the government GI Bill program that educated a generation of young people to ultimately defeat the Soviet Union.

It was the government that wired every house in the country for electricity during the Great Depression, setting up the largest household consumer-goods market in the world in the 1950s: home appliances. And it was government guarantees for home loans that set off the greatest building boom in the history of the world: suburbia.

It was government that paved more than 3 million miles of road between 1930 and 1960, making possible the massive economic boom associated with automobiles, mass mobility, and more. It was government research that invented the graphical user interface and the Internet.

None of that matters.

Hate is stronger than logic and more than anything else, Republicans love their hate. It’s the only thing that gives them power. The more vicious, the more loony they are, the more they are treated like savants, like prophets channeling some higher wisdom, come though it may from the self-loathing gutter of political prostitution. They pull stuff out of their *** and brazenly pass it off as stone tablets. And people swoon.

Of course, you can understand why. The media genuflect before gibberish and idolize idiocy. They are the media-tors of a Gresham’s Law of public discourse where bad information drives out good. For their own slick whoring they become “players,” while everybody else is left with a debauched civic currency, a crushed economy, and a collective impotence that makes true democracy and true prosperity impossible.

Alice in Wonderland would be amazed, even repulsed, that such cultural pathology passes for intelligence, even civilization. At least she stood up to the inanities of the Mad Hatter, the insanities of the Queen of Hearts, the arrogant deceits of Humpty Dumpty. But she didn’t live in today’s America.


Robert Freeman writes on economics, history and education. He teaches history and economics at Los Altos High School in Los Altos, CA. and is the founder of One Dollar For Life, a national non-profit that helps American students build schools in the developing world through contributions of one dollar. He can reached at robertfreeman10@yahoo.com.

http://www.commondreams.org/view/2011/02/21-5


is this Baghdad Bob?

What a fning idiot..
realy do you honestly think that?? laugh this country is doomed.


and the government has had nothing to do with it?


no photo
Tue 02/22/11 07:49 AM
and the government has had nothing to with it?
Republican-controlled Governments have had everything to do with it.

InvictusV's photo
Tue 02/22/11 08:02 AM

and the government has had nothing to with it?
Republican-controlled Governments have had everything to do with it.


its the progressive nanny state that has come home to roost..

that is something you should certainly be proud of..


no photo
Tue 02/22/11 08:04 AM
Republicans will turn America into Somalia.

InvictusV's photo
Tue 02/22/11 08:15 AM

Republicans will turn America into Somalia.


The progressive nanny state is turning us into the Weimar Republic.

Get your buckets of dollars ready, you are going to need it to buy bread soon enough..


Milesoftheusa's photo
Tue 02/22/11 08:44 AM
Edited by Milesoftheusa on Tue 02/22/11 08:46 AM
I think whats happening with the assualt on Unions is a good thing.

They are not getting by with this and the country can see the only ones stopping this from passing right now are the Brave Democrats who have left the state.

It was leave or sell out your disticts becaus they had no power to stop it with out leaving.

This will champion the biggest backlash against Repuplicans in maybe decades. They have really screwd up this time. They have ignited the evil sleeping Twin of The Teabaggers.


They are showing thier ***** in a way noboy else could ever of done it wrote about it Jumped on Opral or Dr Phil.. no none of this has the American public seem more hypocracy that this.

They are dence but not stupid. After 2013 when we are still here a New Are will come about with Repuplicans starting to see the light and bargaining instead of constant threat we contenually see.

Sarah Palin is Alive and Well

no photo
Tue 02/22/11 08:52 AM
That's what I'm hoping for. How can we help Sarah Palin win the nomination in 2012?

Chazster's photo
Tue 02/22/11 09:04 AM
Yet the "Housing market crash" as you call it allows many Americans buy a house for very cheap. It is actually just a buyers market. Just a thought.

Chazster's photo
Tue 02/22/11 09:17 AM
http://en.wikipedia.org/wiki/List_of_sovereign_states_by_public_debt#cite_note-1

There is something interesting. People complain about the US dept a lot which is a problem but we are not so bad off compared to the rest of the world. 36th most debt.

no photo
Tue 02/22/11 09:35 AM
Edited by artlo on Tue 02/22/11 10:13 AM
Interesting. The debt is pretty easy to misrepresent, depending on your verbage. No question. A trillion is a huge number, but compared to what? That's like saying, "300 pounds. That's huge"! Huge for a newborn baby, but pretty teensy for a grown hippopotamus. The numbers are only meaningful in the context of more meaningful measures. That's why economists view the debt as a % of GDP. GDP would tell us how much debt we are able to carry.

In my mind, GDP is analogous to "volume" for a business. A business with huge volume can afford to carry a lot of debt (like a grocery store chain, even though profit margins are quite low). A small business, like maybe your local shoe repair shop, does very low volume and can afford to carry very little debt.

It is true that debt as a % of GDP is on an upward trend. The macro curve is virtually a straight line from 1910 on. At what point does it become unsustainable? I don't know and neither do any of you. But I have a hunch. GDP will crash when aggregate demand crashes, and that is exactly where Republicans are taking us.

http://www.usgovernmentspending.com/us_20th_century_chart.html

msharmony's photo
Tue 02/22/11 12:48 PM
sad

That's what I'm hoping for. How can we help Sarah Palin win the nomination in 2012?



please take that back,,sad sad sad

heavenlyboy34's photo
Tue 02/22/11 02:10 PM


Over 30% of Conservatives believe that President Obama is the Anti-Christ....that tells you how ignorant they are.....or brainwashed.
I think that is why republicans are against public education. People with an education usualy end up as democrats.

People with real education end up non-political or libertarian, usually. Schooling is distinct from education. You don't have to actually learn anything to be schooled-you only have to pass exams and do assignments. There are plenty of know-it-all, pretentious, ignorant ivy league-ers in both major parties. Hell, even G.W. Bush had more "education" than any previous democratic or republican president, and look what a disaster he was.slaphead

Bestinshow's photo
Tue 02/22/11 02:31 PM



Over 30% of Conservatives believe that President Obama is the Anti-Christ....that tells you how ignorant they are.....or brainwashed.
I think that is why republicans are against public education. People with an education usualy end up as democrats.

People with real education end up non-political or libertarian, usually. Schooling is distinct from education. You don't have to actually learn anything to be schooled-you only have to pass exams and do assignments. There are plenty of know-it-all, pretentious, ignorant ivy league-ers in both major parties. Hell, even G.W. Bush had more "education" than any previous democratic or republican president, and look what a disaster he was.slaphead
Just as in all things there are exceptions to the rule but over all I stand by my tounge in cheek comment. You can also say that a poor kid has a one and a million shot of gettting rich but there still remains 999,000 that allways will be poor.

heavenlyboy34's photo
Tue 02/22/11 07:32 PM
Edited by heavenlyboy34 on Tue 02/22/11 07:35 PM




Over 30% of Conservatives believe that President Obama is the Anti-Christ....that tells you how ignorant they are.....or brainwashed.
I think that is why republicans are against public education. People with an education usualy end up as democrats.

People with real education end up non-political or libertarian, usually. Schooling is distinct from education. You don't have to actually learn anything to be schooled-you only have to pass exams and do assignments. There are plenty of know-it-all, pretentious, ignorant ivy league-ers in both major parties. Hell, even G.W. Bush had more "education" than any previous democratic or republican president, and look what a disaster he was.slaphead
Just as in all things there are exceptions to the rule but over all I stand by my tounge in cheek comment. You can also say that a poor kid has a one and a million shot of gettting rich but there still remains 999,000 that allways will be poor.

Assuming there is no intervention in the economy, the poor child is just as likely to become wealthy as anyone else. Andrew Carnegie started out poor as dirt and became wealthy through his industriousness and the fact that during his lifetime, the government was not the monstrosity that it is today. Even my father grew up on a farm in an extremely backwoods (not at all wealthy-he shared a quite tiny house with 4 sisters, too) part of northern Kentucky and put himself through college and got a good job. The vast majority of limitations are self-imposed.

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