Sunday, December 20, 2009

Chart of the Day

UPDATE: below

From the recent Peterson-Pew Commission on Budget Reform report:

source: Peterson-Pew report at 8

As the report explains:
Under the Commission’s fiscal baseline, the public debt is expected to grow to 85 percent of GDP by 2018. Beyond 2018, the situation will deteriorate with the debt surpassing 100 percent of GDP in 2022 and reaching 200 percent in 2038.

The widening gap between spending and revenue will result from the growth in government spending, driven primarily by the aging population and growing health care costs, and a revenue base that grows more slowly. As projected by the Commission’s fiscal baseline, non-interest spending will grow to 22 percent of GDP in 2018 and to 27 percent in 2038. This higher spending would also cause interest payments to grow dramatically, adding nearly 4 percentage points of GDP to spending in 2018 and almost 9 points in 2038.

In 36 pages this report lays out the fiscal situation, which is serious. We have about ten years, and we need to take action during those ten years.
(via Washington Examiner)


OBloodyHell said...

Two words, one hyphen:


Don't blame me, I would've voted for a butt-shaved orangutan before Obama, or any one of his brethren in crime in the House or Senate.

A_Nonny_Mouse said...

If one is to believe Glenn Beck, we can expect Congress to become irrelevant in some way (declaration of emergency?) and the extra-governmental structures that have been put into place by this Administration will burst forth in full flower (starting with the unelected czars, of course; then emergency control of internet, banking, large corporations...)

So OK, call me paranoid: I personally believe that our current President, whizbang student of constitutional law that he is reported to be, spent many hours with his radical buddies back in college, trying to come up with some scheme WITHIN THE PARAMETERS OF THE CONSTITUTION to take over this country completely. And this recent Senate vote on HealthCareReform reinforces for me that this President and the Democratic Party elites have no fear of being "turned out of office" either in 2010 or 2012. Does this imply hubris, or foreknowledge?

I hope to God that events prove my wild rantings wrong.

OBloodyHell said...

A nice "state of emergency" introduced as a result of a nuclear terrorist attack followed by a spate of local attacks to suspend "grouped gathering activities" ... "just for your safety, of course" would do part of it.

I think the chief problem with the "sustainability" of this notion is that there is no way in hell the military would go along with it for very long. That would require a coup of a sort which Obama &co is not capable of.

No, I think this is an example of the dictum, "Do not attribute to malice what can be adequately explained by stupidity and incompetence".

The Dems are just really, really stupid. They have set a goal -- to get socialized medicine into the door. They WILL pass it this time, no matter the cost to themselves.

I do believe that there are other elements on an individual level, which fall under Cloward Piven as a matter of pure long-term strategy, being pushed by random individuals -- HClinton and The Big O are among/behind those. Note HClinton's history as an acolyte of Alinsky's.

They are part of a pseudo-cabal whose overall goal is the destruction of western culture, for reasons I've already commented on a number of times deriving from the twist that got applied to liberalism following WWI, turning classical liberalism into the suicidal meme of postmodern liberalism.

They don't care if THEY win, as long as the whole train stays on the track headed for The End Of The Line.

They don't need to be the engineers when it falls, they only care that it falls eventually.

Postmodern liberalism is sheer, unmitigated poison, a cancer eating away at the heritage of Greek culture which has made mankind, and the west, so rich and successful.

Once you grasp how perfectly all of their actions fit into these precepts, you'll see that it doesn't require any nefarious short-term conspiratorial plan as you suggest.

US$0.02 < -- mine, and worth every pfennig.

OBloodyHell said...

P.S. for the newbies:

What We Lost In The Great War

I think if you read between the lines, you get the gist of that evil turn that classical liberalism took to get to postmodernism, which is anathema to everything that Greek heritage gave us -- concepts of truth, sense, decency, honor, loyalty, duty, excellence, the rule of law -- you name it.