atomic_fungus (atomic_fungus) wrote,

#2833: Do I have any links today?

Not really.

Well, this, headlined "Conservatives bridle at trillions in 'phony' cuts". The scare quotes are theirs.

...the cuts are all phony. Every last one of 'em is statistical fiddling.

See: right now our economy is expanding at the staggering rate of about 1.2%. But if the government stops spending all that borrowed money--if it actually begins spending only the money it receives from taxes--GDP will drop.

How much would it fall? 12% of the present total is the minimum figure, but it could fall by as much as 35%. That would hurt, a lot. (Ask Greece how they're doing.)

Government spending is part of GDP, you see. There is no "multiplier effect"--a dollar taken by government is gone from the economy, so when government spends that dollar it merely returns it to the economy--but even so there is a vast economic apparatus designed to extract dollars from government by providing it with goods and services. If the government cuts spending, the companies and corporations which are part of that apparatus are going to have to lay people off.

So you see, the GOP knows they don't dare cut spending any more than the Democrats want to-- and the Democrats don't want to cut spending at all. If the GOP makes actual real cuts to spending, even if it's only returned to 2008 levels, it's going to wreak economic chaos.

But you know, we gave the GOP control of Congress specifically because we know that government spending is in a runaway condition. It's got to be stopped. And the GOP was the only party in town that was campaigning on a platform of fiscal responsibility.

People like me said, "You get one more chance, GOP!" And they're blowing it. I had hoped that it would not be the case, but expected it would be, because in reality the GOP has no more interest in fiscal responsibility than the Democrats do. The only difference is one of degree: the Republicans want heavily-regulated capitalism; the Democrats want socialism.

The party that was started in the opening years of the 20th century, with the Constitutional amendment allowing the income tax, is going to end fairly soon. We've got a couple of choices: we can all leave and go home in an orderly fashion--though it sucks--or we can keep on partying until the cops show up with the paddy wagon and haul us all off to jail.

The ruling class has decided it's going to wait for the paddy wagon.

* * *

Last night was cool enough that I made mexican lasagna again. I set the thermostat at 85° and started cooking; this time I added a layer of spanish rice to it; and it's pretty fair dinkum. The spanish rice had been in the cupboard for a while, so it has a bit of a stale flavor to it, but that's not really a big deal since there's a lot going on in this dish anyway.

After midnight I opened up the bunker and ventilated with outside air; it was finally cool enough that the humidity wasn't a problem. (The indoor temp was 81° before I did that.) After about half an hour it was much cooler in my bedroom; it was nice to be so cool that I needed to cover up completely with the blanket, and not be paying through the nose for the privelege.

But about 10 AM I closed up, because it was starting to get warm, and set the thermostat to 79° just to get the AC to dehumidify the place. Now it's comfortable in here and I'll be setting the thermostat one degree higher.

It's not much cooler inside than out, but the humidity is significantly lower, which makes all the difference.

* * *

I've got to go to the bank and cut the grass today; so I'd better get cracking, I guess.

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