tag:blogger.com,1999:blog-5156937026555839180.post1596556081971992807..comments2023-10-05T11:06:38.657-04:00Comments on TheFundamentals: The Cliffsthefundamentalshttp://www.blogger.com/profile/16211747723411968810noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5156937026555839180.post-1198522988974258372012-12-04T08:22:46.127-05:002012-12-04T08:22:46.127-05:00None of today's post makes much sense.
How ...None of today's post makes much sense. <br /><br />How is John Boehner acting like an adult? He offers the same vague ideas that he offered in 2011. What would he like to cut? If he raises the age for people who enter Medicare, it will have a minimal effect on costs. People in the 65 to 66 year range tend to be healthier. The real costs in Medicare are end of life costs for people who are generally much older.<br /><br />Similarly, what bold ideas has Boehner offered? He is not offering to cut home mortgage deductions, charitable deductions or the deductibility of health insurance premiums. These would be bold ideas. Whether voters would support them is another story, but it would show leadership. Some in the Republican party want to give Obama his tax increase on people making $250k or more and hold the debt ceiling extension as a form of sword over the President's head to get what they want. Why Boehner is not a part of that club makes no sense. He appears to be the one who is childish and a bit petulant.<br /><br />Why is the Fed trying to keep bond rates low is bad thing? Aren't low interest rates, which translate into lower borrowing costs a good thing? Low rates are good for business growth.<br /><br />As far as China, what is the value to the 300 million people who cannot move to China to talk about how the business owners in China (the Communist Party and its lackeys) have the ability to make enormous profits while most of the people live in poverty. Is that the American dream? Eventually China will fail just like the Japanese, who were so feared will fail. The Chinese failure will be much worse, since it is a command economy more akin to the Soviet model than anything else. Nations fail unless everyone shares in the prosperity. That is the lesson of the 1950's and 1960's in the US.<br /><br />The post is reminiscent of the old Republican party, which is the one that lost badly in the last election. The Democrats even got more votes in the House, although gerrymandering hides that fact.<br /><br />Watch Paul Ryan and Marco Rubio's speeches tonight at the Jack Kemp dinner to see the future of the Republican party. Today, we merely revisited the failed past.NDDillonhttps://www.blogger.com/profile/11539257474497377935noreply@blogger.com