Short article from former Bush administration writer Frum at Daily Beast that is way out of paradigm.
Frum is often held out as a voice of moderation from the political right but he is still as ignorant and blind as the most ardent Tea Party person when it comes to recognition of our government's absolute fiscal authority.
More than a century ago, Otto von Bismarck offered a grim assessment of those whose fears of a crisis to come lead them to precipitate a crisis now: it is, he said, like committing suicide for fear of death. [Ed: OK that's a good one.. but it stops right there.]
There is always a limit to what government can do to accelerate growth and encourage hiring. Whatever that limit, though, it’s surely somewhere north of where we stand now. [Ed: yes Frum there is a limit and the limit is always the REAL one, but you write as though our government has FINANCIAL limits... which is absurd for a country that issues it's own state currency for provision.]
Republicans say, “We don’t have a tax problem. We have a spending problem.” We can be more specific: we don’t have a spending problem. We have a health-spending problem. The United States spends 60 percent more per person on health care than the typical developed world country. [Ed: Sounds like Frum would get along well with the disgraced "Death Panel" Rattner from the "Fix the Debt" moron club.]
But symbolic tax increases hardly begin to cover the real costs of government. We’re not going to pay for the government we’ve already bought—never mind the fast-rising costs of Obamacare—by trying to squeeze more and more out of the small percentage of couples who earn more than $450,000 and individuals who earn more than $400,000. [Ed: More out of paradigm swill from Frum here as though government has to get it's own money from the non-government.]
The deal is founded on a fantasy that the rising costs of the services we all use can be met by tax increases only on the tiniest minority among us. [Ed: No the deal is founded on the fantasy that our own currency issuing government Treasury has to "get the money" from the taxpayers or borrow it from same.]If Frum represents the best the GOP moderate wing has to offer then they are in big trouble.
There is no resultant mathematical difference between Frum's view on fiscal authority versus Grover Norquist's or take your pick of the most zealous Tea Party idiot's view of government fiscal authority.
That result in all cases is a moron-induced austerity for the U.S.A.
So, if in avoiding the "fiscal cliff" we have "flinched from suicide" we may be still losing our balance and falling off the bridge anyway if we listen to morons like David Frum who has no view of our government's fiscal authority.