Comments on: The fiscal crisis nears – or not http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/ One the current confusion by Michael Weinstein Tue, 04 Jun 2013 08:11:38 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: keebo http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/#comment-9 Wed, 13 Mar 2013 16:48:27 +0000 http://blogs.reuters.com/judgement-call/?p=30#comment-9 “But the United States is nowhere near a debt crisis. Indeed, lenders are throwing money at the Treasury, demanding ridiculously little interest in return.”
It seems the Fed is doing most of the throwing of money our way – and thus keeps rates cheap – until suddenly that process reverses.

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By: keebo http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/#comment-8 Wed, 13 Mar 2013 16:48:19 +0000 http://blogs.reuters.com/judgement-call/?p=30#comment-8 “But the United States is nowhere near a debt crisis. Indeed, lenders are throwing money at the Treasury, demanding ridiculously little interest in return.”
It seems the Fed is doing most of the throwing of money our way – and thus keeps rates cheap – until suddenly that process reverses.

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By: PseudoTurtle http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/#comment-7 Wed, 13 Mar 2013 16:21:14 +0000 http://blogs.reuters.com/judgement-call/?p=30#comment-7 @ COindependent —

I assume my comments above are well-known in terms of China under Mao, as well as the policies under Hitler’s Germany, so that I need not elaborate.

But for those history-deficient people like you, here is the details of my reference to the Khmer Rouge:

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The Khmer Rouge was the name given to the followers of the Communist Party of Kampuchea in Cambodia.

It was formed in 1968 as an offshoot of the Vietnam People’s Army from North Vietnam.

It was the ruling party in Cambodia from 1975 to 1979, led by Pol Pot, Nuon Chea, Ieng Sary, Son Sen, and Khieu Samphan.

Democratic Kampuchea was the name of the state as controlled by the government of the Khmer Rouge from 1975 to 1979.

This organization is remembered primarily for the genocide which was the result of its policy of social engineering.[1]

Its attempts at agricultural reform led to widespread famine, while its insistence on absolute self-sufficiency, even in the supply of medicine, led to the deaths of thousands from treatable diseases such as malaria.

Arbitrary executions and torture carried out by its cadres against perceived subversive elements, or during purges of its own ranks between 1975 and 1978, are considered to have constituted genocide.[2]

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The question is rather straightforward for anyone who understands what is really going on in this country:

Do we want to allow the US wealthy class to practice genocide as a means of becoming even richer than they are now, or do the rest of the American people have just as much of a right to life as they do?

As questions in life go, that is about as simple as they come — be careful how you answer it!

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By: PseudoTurtle http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/#comment-6 Wed, 13 Mar 2013 16:05:16 +0000 http://blogs.reuters.com/judgement-call/?p=30#comment-6 @ COindependent —

Let me “flesh out” your bare bones comment from an extremist. Perhaps you should have been more candid as to why you included this particular comment from this particular individual.

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In 1984, (Richard Lamm’s) outspoken statements in support of physician-assisted suicide generated some controversy, specifically over his use of the phrase “we have a duty to die.”

Lamm later explained that he “was essentially raising a general statement about the human condition, not beating up on the elderly,” and that the exact phrasing in the speech was “We’ve got a duty to die and get out of the way with all of our machines and artificial hearts and everything else like that and let the other society, our kids, build a reasonable life.” [9]

His dire predictions for the future of social security and health care (“duty to die”) earned him the nickname “Governor Gloom”.

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This is a “slippery slope” indeed, since many others in the past have argued for the same policy of Social Darwinism — i.e. survival of the fittest, which is the underlying credo of the wealthy class, that others who are not wealthy should get out of their way by dying, all for the good of “our” (meaning ONLY those of the wealthy class are deemed “worthy”) children, of course — but what they want is exactly the same thing many authoritarian governments have experimented with in the past, mostly with horrific results.

“Examples are the Chinese “Great Leap Forward” and “Cultural Revolution” program and the Khmer Rouge’s plan of deurbanization of Cambodia.”

“Social theorists of the Frankfurt School in Weimar Germany like Theodor Adorno had also observed the new phenomenon of mass culture and commented on its new manipulative power, when the rise of the Nazis drove them out of the country around 1930 (many of them became connected with the Institute for Social Research in the United States).”

“The Nazis themselves were no strangers to the idea of influencing political attitudes and re-defining personal relationships. The Nazi propaganda machine under Joseph Goebbels was a synchronized, sophisticated and effective tool for creating public opinion.”

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THIS is the logical result of what you (and most of the wealthy class in the US) are arguing for, but are not openly admitting with their attacks on the “entitlement” programs.

I think a better word for what you and the wealthy class want than “social engineering” is “genocide”.

You should be aware that there may be some significant unintended consequences should the wealthy class attempt to return to their former days of glory at our expense.

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By: benfct http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/#comment-5 Wed, 13 Mar 2013 00:40:37 +0000 http://blogs.reuters.com/judgement-call/?p=30#comment-5 This article seems more correct than incorrect. However, there are some hard facts to consider. In order of ascending importance:

1. Market sentiment (about our debt) can reverse itself with alarming speed, and must be watched very carefully.

2. It’s easier to write about cutting healthcare costs than to cut them, because democracies aren’t good at difficult and painful choices, the demographics are against us, technology is expensive, and entrenched special interests fight major change.

3. If we don’t address the pathetic state of “average” education, we won’t have a rising standard of living.

4. If we don’t address the increasingly unequal distribution of wealth and life opportunities, we won’t have a democracy in 50 years.

5. Most importantly, by far, we must start experimenting with other approaches to democracy that place major decisions in the hands of attentive and informed groups of citizens, rather than professional politicians who must finance their re-election by an uninformed and inattentive electorate. This is THE problem facing all democracies, and it dates back to democracy in Athens. Most of us are afraid not to have some form of democracy, but our current approach to it is completely hopeless. We need some “American ingenuity” applied to that.

This article seems more correct than not, but like most sensible articles on this website, it amounts to spitting in the ocean, without addressing #5.

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By: zotdoc http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/#comment-4 Tue, 12 Mar 2013 19:30:54 +0000 http://blogs.reuters.com/judgement-call/?p=30#comment-4 fact 3 – once you add healthcare as a right of every american then of course everyone shoud get everything they can. And once it is all covered by the govt then by golly I paid taxes once and I should get everything there is to offer, regardless of the cost. And if the doctor disagrees I will call my lawyer and I can get compensated for the untimely demise and pain and suffering. A jury just awarde 8 million dollars for a hip implant- coulf that patient ever have made that much money at their regular job?

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By: PseudoTurtle http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/#comment-3 Tue, 12 Mar 2013 18:22:47 +0000 http://blogs.reuters.com/judgement-call/?p=30#comment-3 You state “What are the facts?”

Fact No. 1: Federal spending relative to the size of the economy is not, Congressional Budget Office reports show, spiraling out of control once the temporary impact of economic recession is factored out of the calculation.”

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Where, pray tell, did you learn finance and economics?

The statement that the US economy is not spiraling out of control “once the temporary impact of economic recession is factored out of the calculation” is inane to say the least.

That is equivalent to stating that a person who has a severe addiction to gambling, and is deeply indebted to the mob as a result, has no financial problems IF YOU IGNORE THE MASSIVE GAMBLING DEBTS.

Good luck with that “reasoning” when the mob enforcers arrive to break your kneecaps.

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By: COindependent http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/#comment-2 Tue, 12 Mar 2013 17:14:57 +0000 http://blogs.reuters.com/judgement-call/?p=30#comment-2 “We treat death as if it were optional. People talk about the right to die, as if we have the right to refuse to die. Once we stop treating death as an enemy and recognize it as an inevitability, we can save massive resources. We must look rationally at the phenomenal amount of resources we spend on the last few weeks of peoples’ lives to only prolong suffering. You can’t afford to do everything to everybody,” — Richard Lamm

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By: rikfre http://blogs.reuters.com/judgement-call/2013/03/12/the-fiscal-crisis-nears-or-not/#comment-1 Tue, 12 Mar 2013 17:04:54 +0000 http://blogs.reuters.com/judgement-call/?p=30#comment-1 Happy days are here again..just tell the Treasury to keep printing..and everything will be all right…can you spare $100 for Starbucks..?

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