I used a nursery rhyme title because we are entering a political never-never land
post election, in which little of real worth will occur in congress. All will likely
be maneuvering with nothing solved. The Republicans have not put forth any agenda
that will lead to solutions to the deficit, the Democrats are demoralized and frightened and will play defense. What is required to make significant change for the better would ask sacrifices by all segments of society. The very wealthy have clearly
indicated in this election that sacrifice is not an option. They will not permit the
Bush income tax cuts to expire despite the fact that they were designed to end after a decade because they were not payed for and added to the horrendous deficit.
The original purpose for the cuts was to stimulate private investment to create jobs. Can anyone prove they accomplished their purpose? If not, why expect them to do so now?
The Obamacare law will not be substantially repealed or changed because the public
will realize that despite the barrage of negative propaganda, there are significant benefits that they will not surrender when the light of reason turns on.
Social Security, Medicare, Medicaid and Veterans benefits, all of which are and will be drivers of annually increasing deficits, are sacred cows. Any politico who
attempts real cost controls will end up working for lobbies instead of Congress. But these are the areas where the largest deficit reductions would be found. That would require courage, and hard work to educate the voters. Does anyone see that happening?
Most amazing in the campaign was the total absence of attention to our two wars! Those are the major consumers of revenue, growing exponentially while the prospects of successful outcomes for us grow increasingly unlikely. And as our defeat becomes more apparent our international prestige and influence shrinks. America is becoming irrelevant on the international stage. The Republican glee of victory may soon tarnish as they assume the greater responsibility that comes with greater power.
Sunday, November 7, 2010
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1 comment:
The mid term election results of November 2010 should be a warning to both sides of the aisle: Republicans are now given a chance to implement their moderate program and Democrats got a signal that their priorities were askew in an economic crisis. So Republicans better deliver and Democrats better improve employment but not by subsidizing more government jobs with taxpayers dollars.
The tea party has some weirdoes; still it brought the idea to the electorate that a change was needed as was intimated earlier by Scott’s Brown anti-obamacare victory in Massachusetts Last Tuesday, voters responded with their first chance to render a national verdict on Obama’s type of governance.
President Obama is a very bright leader and knows the meaning of frugality. As a sportsman he also knows the meaning of penalty and of time out.
The Democrats are still in the game but they must play center field. No side is allowed to drive close to the goal line where the brown cow is peacefully grazing.
Jacques
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