Tag: budget

To the Ring Fence!

… these potential savings can be realized if we are willing to make an honest examination of the cost, benefit, and rationale of the extensive U.S. military commitment overseas, which in large part remains a legacy of policy decisions made in the immediate aftermath of World War II and during the Cold War. Years after the Soviet threat has disappeared, we continue to provide European and Asian nations with military protection through our nuclear umbrella and the troops stationed in our overseas military bases. Given the relative wealth of these countries, we should examine the extent of this burden that we continue to shoulder on our own dime.

All I have to say about this is: Finally.

Naturally, the Serious People advocating harsh austerity are already heading to the barricades to put a stop to even a discussion about scaling back the Pentagon’s baseline, non-war funding to some remotely rational fraction of the national budget. Rest assured our potential GOP majority feels exactly the same way insofar as they even think about policy decisions such as these. They know who butters their bread, and it certainly isn’t the people standing in the bread lines.

To the Ring Fence!

File under: graphs you will never see a Democrat use, talk about, reference, admit the existence of, or in any way shape or form build an electoral strategy around.
Quite the opposite. They’ll wholeheartedly adopt the goddamned “Pledge to America” come November 3, 2010.

And yes, I know when new members of Congress take office. I also know that President DeMint can be very impatient.

There is no intrinsic contradiction between providing additional fiscal stimulus today, while the unemployment rate is high and many factories and offices are underused, and imposing fiscal restraint several years from now, when output and employment will probably be close to their potential.

Douglas Elmendorf, director of the Congressional Budget Office
Please print out in the largest font convenient and post along with a similarly dimensioned sign saying Money is not real

The critique [that] Amtrak [loses money because it is required to retain unprofitable routes] is like slamming the Navy for hemorrhaging money when they could be hijacking ships.

Matt Yglesias making amazing sense. The Navy should be out there seizing workable boats right and left. We can’t afford not to. Wise to cc: NASA on this as well.