Thursday, August 28, 2014

Anyone Worried Yet? CBO "Warns" That One Indicator of Public Initiative Is Set To Rise Sharply

   (Commentary posted by Roger Erickson, hat tip to Alice Marshall)

Federal "Deficit" Is Set to Rise Sharply, CBO Warns

So? No reason to panic. Just relabel this article as "CBO Says Indicator of Public Initiative Set To Rise Sharply"

Unless taxes rise just as sharply, that also equates to "Net Private Financial Savings To Rise Sharply" - which doesn't sound so scary.

How well that rise in private liquidity is distributed is the bigger issue - which too few are talking about. If there's too much income & wealth disparity, it's very much analogous to generals hoarding all the weapons. On paper they still have an army, but in practice it's toothless. Same for an economy. If too few are allowed to hoard most of the currency, the first thing lost is national agility.

What's really happening here is that the CBO staff are Semantic Weasels and sophists, and they're crying about a nominal wolf at a fictional door. The only question savvy citizens should be answering is "WHY are they crying that."


Matt Franko said...

"WHY are they crying that."

Because they're idiots Roger... not the sharpest tools in the shed, a few bricks shy of a load, not playing with a full deck, a few beers short of a six pack, only have one oar in the water, their elevator doesnt go all the way to the top floor, running on only 3 cylinders, etc...


Roger Erickson said...


What about our electorate, Matt?

(on 2nd thought, don't answer that)