The Slow Joe Biden School Of Economics

Joe Biden is not exactly a towering intellect.  His gaffes are legendary and he makes Sarah Palin look like a genius. The idea of Biden as President should make you pray every day for Obama's longevity.

Whenever Biden opens his mouth, he never fails to deliver a world class "Huh?", and today was no exception:

“And folks look, AARP knows and the people with me here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said at the event on Thursday in Alexandria, Va. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially.”
 
“We’re going to go bankrupt as a nation,” Biden said.

“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.”

I think I get it.  It's like a alcoholic running out of booze.  If we ever want any hope of curing him, we have to get him more booze.  Clear as mud!

Slow Joe and company are telling you these things, not because they are true (they know they are lying) but because they think you are so stupid, you'll nod your head like the slow-witted animals in ANIMAL FARM when Gibbs Squealer explains another one of Obama's Napoleon's broken promises.

I don't care how you spin the language, you cannot fix runaway spending by spending more.  It is not possible.  If you have a credit card and you have a 5000 dollar limit and you are barely making the minimum payments, you are in trouble.  The credit card company then doubles your credit limit and you go one a spending spree.  The bill comes due, and you cut your cable TV, and try and save a few bucks on your energy bill, but it's not enough.  You even beg a small raise, but in the end, the money is going out faster than it's coming in, so you go spend more.  See how that helps you?  In no time, your financial worries are over.

The trouble is, the Director of the Congressional Budget Office said today:

Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. Unless revenues increase just as rapidly, the rise in spending will produce growing budget deficits. Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress economic growth in the United States. Over time, accumulating debt would cause substantial harm to the economy.

Rapid increases in revenue would also kill the economy.

In other words, folks, the economy is headed for a train wreck of epic proportions if we don't stop spending and and start cutting expenditures. 

Get ready to become a third world nation under comrade Napoleon Obama.

VW

Comments

[Rusty]

I know how you feel. It's how I feel when people say the way to stop gun violence is with more guns. Or when Fuhrer President Bush said we needed more oil to overcome our addition to oil. Or when Vice Fuhrer Cheney said that we would be greeted by liberators by people we were going to bomb the snot out of. There ain't no logic in it.

[Reaganite Republican]

Joey Pluggs is a dangerous fool.

And since Biden has been consistently on the wrong side of history over the last 30 years… his DNC-vaunted foreign policy “experience” has little value… this aparatchik doesn’t appear to have learned a thing.

He opposed every step of Reagan’s defense buildup that won the cold war, and later proposed surrender and 3-way partition in Iraq. He frequently appears to have no idea what he’s talking about, but this has little effect on the quantity of output from this mother-of-all-loose-cannons. Biden really shouldn’t be let out the door unless chained to a TelePromTer.

What a schlameel

http://reaganiterepublicanresistance.blogspot.com

[Violence Worker]

Rusty, Bush is gone. He's not in office any more. I know, you are shocked, but what we elected is a whole lot worse. This should outrage every American, but then, you really aren't an American, are you. You are one who really hopes that America fails as a nation.

VW

[Rusty]

Hey, I was just saying I could relate to how you feel.

And really, that's all you have? I'm not really an American? When I disagreed with the president and you agreed with him, I was the anti-american who didn't want the president to succeed. Now that the roles are reversed, some how the labels haven't. It's sad that the best you can do when someone disagrees with you is to call them names. Ok, I can live with that.

For the record though, I love this country, love it's people, love it's history, love everything about it and would defend it with my life. It's the best country in the world.

[Violence Worker]

Well, then, other than your protestations, all I hear is Bush, Bush and more Bush. If you gave a damn about this country, you'd be screaming as load as I am about the mess Obama is getting us into.

Newsflash - I don't care about Bush - HE"S GONE!!!!! I care about the unsustainable debt load Obama and the Democrats are trying to force down our throats. When you denounce that, I'll reconsider my remarks.

VW

[Rusty]

So, if I don't agree with you that the Obama policies are going to hurt us, then I'm not really American? So, anyone who disagrees with you is non American. Do you get the concept of America at all? Do you understand that this is a country that is all about being able to disagree with each other?

Yes, Bush is gone. And I only bring him up because I think you're being hypocritical. Bush added trillions to the debt. He nominated supreme court justices that were "empathetic", and all with your blessing or at least silence. OK, you don't see it as being hypocritical. You can justify what Bush did. I get that. You disagree with me. I think you're wrong. But I don't think for a minute that because you're wrong mean you hate America or it makes you unamerican. Why do you think that of me? I really don't think you get this country.

[Violence Worker]

Empathy is one thing and racist is another, but you obviously do not have the capacity to see the difference. That is not personal, it's a fact.

Second, Bush added to the national debt way too much, but it wasn't trillions. That has come from Obama and the Democrats. The TARP was awful and Bush shouldn't have done it. The Democrats were, however, the ones actively campaigning for that piece of garbage. Reid and Pelosi were all over the Tarp, so I'm guessing you were to so why are you mad at Bush over it?

Also Rusty, The President just signs the bills, the Democrat congress wrote the bill and ensured it passed. Bush should have vetoed it. You man is the one pushing Trillions. Bush might have been bad, but at least his excesses were sustainable. Obama, especially if he gets his Healthcare , will drive us into the ground. I know you never bothered to follow the links. You just spew your crap.

So yeah, if you aren't worried about what the CBO Director said, then I will tell you you don't care about this country despite your protestations otherwise.

Liberalism is all about making the US just another shit hole country. That way, everyone will like us. Well, you got a President and a Congress willing to push us over the edge into third world status. We should be loved by all very soon. You won't have a pot to piss in, but we'll be liked.

VW

[Scott]

All due respect - and VW, I hope you know that that's not just empty rhetoric - someone who is "liberal" believes in "ideals of individual (especially economic freedom), [and] greater individual participation in government." That's from Merriam-Webster, the (political) definition of a noun that dates from the 14th century. The more modern definition of the word "liberalism" (from 1819) is "a political philosophy based on belief in progress, the essential goodness of the human race, and the autonomy of the individual and standing for the protection of political and civil liberties."

Maybe some in Washington would like to treat "liberalism" as a pejorative, but if we go by what the word *actually means*, it seems to me that turning the U.S. into a "shit hole country" is rather outside the bounds of Liberalism. Sometimes, though, that's tough to remember when the Sunday-morning talking heads treat BOTH "Liberal" and "Conservative" as being synonymous with "jerk-off."

[Violence Worker]

Scott, you are correct. I said as much back on my Independence Day Post. Our founders were true liberals. Unfortunately today, the liberals are not true liberals. This is a case of the language changing over the years. Today's liberals believe that more government involvement in our lives is better and I say that belief is the very antithesis of classic liberalism and the concepts of liberty and freedom.

VW

[Rusty]

I can guarantee you that I can tell the difference between racism and empathy better than Jeff Sessions. Anyway, I don't believe she's a racist. She's explained her comment and certainly nothing in her judicial record gives any indication that she's a racist.

I do worry about the debt. I've been worried about it for a lot longer than you apparently. However, I believe this president when he says that the health care bill will be revenue neutral. I can see why, after the last 16 years you wouldn't want to believe anything that a president says, but I'm going to give him a chance. Like it or not, he's your president. And you saying that I must hate this country just because I support Obama's policies is like me saying you must be a racist just because you don't. It's completely twisted logic. And I can see that, why can't you?

Health care is a major issue in this country. Millions go without insurance which ultimately costs those of us who do thousands each year. The rising costs are crushing individual, small businesses and major industries alike. Something needs to be done. Republicans had there chance. They controlled all three branches of the government and there only response was "rub some dirt in it ans walk it off." In the mean time we've slipped to 37 in the WHO's ranking of health care systems. We're 24th in life expectancy, but 2nd in health care expenditure as a % of GDP. Yet you and your fellow conservatives keep saying "we're #1". Well, if you're willing to sit by and watch us slip into the realm of third world countries just to protect billion dollar bonuses for HMO execs, then you sir are the unamerican one among us.