The Economy

As long as she doesn’t take my nontraditional route, my daughter will graduate from college when I’m 62. Her brother will be 25.

That’s when I kick them out on their asses and their mom and I retire to the lake, if we’re not there already.

 

Who wants to waste time doing that?

 

Hey I just got a 3% raise from Uncle Sam. Love the third Wednesday of every month. I'll be reminded again how much I love being mostly retired at 3:30 today when I meet up with some friends at my local bar for our Tuesday happy hour.

And I won $4 in Powerball yesterday, so my bar bill is 67% covered.

Somebody in Michigan won the jackpot, which was more than $800 million. A pretty good way to start the new year, especially if that person was a Wolverines fan.

 

Then you can go down to the local bar, order a couple Gennys and bitch about NYS taxes, just like the locals!

 

Mel Tucker will blow it all before the end of the month.

 

Mel Tucker and blowing loads are synonymous.

 

There are basically two ways to cut the debt. The Federal Government basically runs medical insurance programs, retirement programs, income supplemental programs like Food Stamps and a defense department. Let's say Biden expends the political capital to "reform" some of these benefits and cut expenditures. The other is to raise taxes.

What will happen. People dependent on these benefits, primarily the elderly and the poor, will see reduced benefits. Then when the Republicans come into power they will announce tax cuts for the rich justifying them as pro-growth, when there is ample evidence that such cuts do not pay for themselves.

I offer as evidence the Clinton Presidency. He agreed to spending cuts along with tax increases and got massacred in 1994 for doing so. But the budget was balanced and the economy did really well. Bush came in. Tax cuts were enacted, the balanced budget was no longer a priority and the economy flat-lined.

So why should Biden and the Dems work hard to reduce benefits when all it does is make it easier for the Republicans to reduce tax rates.

 

The 3 million new gun-toting IRS agents Biden wants to hire will raid and empty everyone's bank accounts and that will help balance the budget. Or so the guys on FOX told me.

 

It would require serious people on the deficit hawk side, attacking the problem from both sides, like a Bob Taft of yore. They’re all dead.

 

Americans (of both/all "sides") want themselves a LOT of government (i.e., checks) and they want someone else to pay for it, and the people they elect reflect that reality.