Op/Ed at the WaPo that is HOPELESSLY out of the MMT paradigm but provides a good review of where we are on fiscal. Identifies where the GOP leadership, some in US Catholic Church leadership, the President, even The Pope are relative to the fiscal issue.
Readers may find it revealing, and a point of reference. Theissen reports that Ryan, who is taking some heat from Catholic theologians, claims his proposal increases spending by 3% annual vice the Presidents proposal for a 4.5% increase.
And it looks like Ryan is trying to trump the Bishops with The Pope, who apparently thinks "we are living at the expense of future generations" and " In this respect it is plain that we are living in untruth.” (Wow!)
Benedict declared that “huge debts are … treated as something that we are simply entitled to,” and that to confront this problem “a global examination of conscience is indispensable.”Looks like stupidity goes up not only to the highest levels of government, but the highest levels of church authority as well.
