After going to one of the AmericaSpeaks community conversations Saturday, I’m even more confident that the deficit crisis being promoted by the Peter G. Peterson Foundation, AmericaSpeaks, the National Commission on Fiscal Responsibility and Reform, and the Obama Administration, as well of much the world’s global elite is a fantasy. There is no truth to it, and it is a dangerous fantasy, because if one believes it, then that can be a self-fulfilling prophecy. The austerity they recommend for the long-term can make the slow growth and difficult times they project come true. It can catch us all in a nightmare of their making. The “reasoning” behind their fantasy is simple enough.
|By: masaccio Sunday June 20, 2010 10:30 am|
The National Commission on Fiscal Responsibility and Reform was organized by the President to get recommendations for cutting benefits and raising taxes on middle Americans. They can’t imagine any alternatives, certainly not taxing the rich, who have already suffered hurt feelings from all that ugly talk about their little screw-ups. In the process it gives the Social Security haters yet another forum. Here’s an excerpt from the incoherent Alan Simpson, a grumpy old man who used to be a Senator from Wyoming, until he quit: