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Jewish World Review
March 20, 2013/ 9 Nissan, 5773
We're upside down and debt crash is coming
By
Jay Ambrose
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http://www.JewishWorldReview.com |
In the movie "Flight," something major goes wrong with a passenger jet. It starts plunging downward, the pilot amazingly, incredibly rolls the plane upside down to keep it just barely under control, and, at this point, if President Barack Obama were watching, he'd probably stand up to reassure the audience.
"We don't have an immediate crisis," he would say, an encouraging smile on his face. "The plane is in a sustainable place."
The plane wasn't. Though still in the air, it was definitely heading for a crash, just as our economy and federal government are heading for a crash. The issue is a debt that still menaces the American future, no matter what the president said to ABC correspondent George Stephanopoulos on "Good Morning America."
He pleasantly maintained that deals with Republicans about such things as fiscal cliffs and debt ceilings meant budgetary reasonableness, if not fulfillment of all the best possibilities. His stated view is that we are in a noncrisis situation "sustainable" for the next decade.
Nope. The real prospect is for a $16 trillion-plus debt growing to an economy-squeezing, budget-banging, catastrophe-inviting $23 trillion. You think that's rabble-rousing right-wingers talking? It's nonpartisan number crunchers in the Congressional Budget Office.
Obama has made it sound as if the accomplishments to date ought to elicit a grin a minute from his once-fretful debt commission. It's still fretful, as Jonathan Karl of ABC reveals in quotes from interviews with its two leaders, Democrat Erskine Bowles, former chief of staff for President Bill Clinton, and Republican Alan Simpson, the always colorful, always wise ex-senator from Wyoming.
There's trillions of dollars more work to do, said Bowles. The responsible parties have stayed away from the "tough stuff," such gargantuan matters as making Social Security solvent or reforming the tax code to make it work. Simpson's word of the day was "madness." Americans are reaching the age of 65 at the rate of 10,000 a day, he said, and federal programs for them are going to "eat a hole through America." Lack of action is not just irresponsible, his words suggested. It is insane.
It's already the case that entitlements -- mainly Social Security, Medicare and Medicaid -- constitute a major share of the budget and are passing the point at which "obese" is an adequate adjective. If the government maintains them without significant restructuring, just two basic ways exist to prevent a debt that could well bring us economic calamity. One is hiking taxes so high as to do the same thing. The other is cutting other federal programs so much as to bring us jokes about ending White House tours for even the president himself.
The problem is that Medicare and Social Security are immensely popular with the middle class and that demagogic politicians have made it sound that even perfectly reasonable refashioning would force the elderly to survive on dog food. Obama is still playing that game, referring to tiptoeing Republican proposals as gutting the programs, which is to say that he remains so enmeshed in his collectivist, welfare-state, big-government ideology that he is can no longer recognize reality.
Republicans to the rescue? The sad case is that some in this beleaguered bunch are lately playing down the looming crisis, too. It is not difficult to find astute fiscal critics who think the most recent budget proposal by Paul Ryan, chairman of the House Budget Committee, does not go nearly far enough.
Back to the movie "Flight." In it, the pilot performed brilliantly during the emergency, even though he was criminally under the influence of drugs and alcohol. Maybe he did as much as could be done, because while the plane did crash, most aboard survived. Obama and GOP leaders are not alcohol-addled, thank heavens, but neither have they performed brilliantly. They have not done a fraction of what needs to be done, and no responsible citizen should let them off the hook. Otherwise, the economic survivors could be a precious few.
Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
Comment by clicking here.
Jay Ambrose, formerly Washington director of editorial policy for Scripps Howard newspapers and the editor of dailies in El Paso, Texas, and Denver, is a columnist living in Colorado.
Previously:
03/13/13: Stock market is downright perky. Blame the corporations
03/06/13: Bloomberg rivals Carrie Nation
02/27/13: The Wily One is proving in polls that it's no toughie to fool lots of people most of the time
02/20/13: On Obama, swans, goulash and invisibility
02/13/13: Drones and hypocrisy
01/30/13: The Nixonian Obama
01/23/13: Is Obama making JFK-style mistakes?
01/02/13: Kerry nomination emblematic of woes coming
12/26/12: Hollywood beats Harvard in history?
12/12/12: Immigration issues solve themselves
12/06/12: Durbin's deficiency
11/29/12: Man of the century
11/21/12: A big scandal coming?
11/14/12: U.S. should follow the Swedish path
11/07/12: Hanging from a poll
• 10/31/12: A dream that wouldn't come true
• 10/29/12: When the 'kooks' and 'racists' turn out to be your ideological allies
• 10/24/12: The pettiness refuge
• 10/18/12: An interruption that tells a bigger tale
• 10/17/12: A recovery that wasn't
• 10/12/12: Big Bird squabble points to something real
• 10/11/12: The 'war' you don't hear about --- the one on average Americans
• 08/22/12: Obama leadership: Romney's returns trump road to recovery
• 08/15/12: Saving Medicare the Ryan way
• 08/01/12: Combatting free speech
• 07/25/12: Good and bad reactions to Colorado horror
• 07/18/12: Apology time for Obama
• 07/16/12: Free markets solve climate change threats
• 07/11/12: Humans and particles and those who would order them
• 07/06/12: Why we'll miss Andy Griffith
• 07/05/12: All will feel Affordable Care Act's bite
• 07/02/12: A social solution --- homes with dads
• 06/27/12: Being a 'nation of immigrants' is not an excuse
• 06/20/12: Barack Obama the autocrat
• 06/18/12: Bradbury's lessons for today
• 06/13/12: Should this leaking administration sink?
• 06/11/12: Simpson bashes back on reform
• 06/05/12: Legalize sugary drinks, ban dangerous drugs
• 06/04/12: Keep America from going Greek
• 06/01/12: Don't believe in Obama's fairy tales
• 05/30/12: Writing a book? Beats prison
• 05/23/12: Student loans fail students
• 05/21/12: Europeanizing America into crisis
• 05/16/12: Obama a bully, too
• 05/15/12: Walker recall vote could swing national pension policy
• 05/07/12: Bumbling, fumbling, benighted, old Washington near tipping point where freedom is done for
• 05/02/12: The Communists cannot be happy
• 04/30/12: There's no objective truth, least of all concerning behavior
• 04/25/12: Forgive the extremist?
• 04/23/12: Educational excellence is a game
• 04/18/12: Obama's interventions help a few by the most autocratic, complicated, ineffective means possible, yet hurt many more
• 04/16/12: Overregulation strikes again: The nanny state threatens to turn us into children
• 04/11/12: Obama is not bonkers
• 04/04/12: Will America vote against authoritarianism?
• 04/02/12: 'Tipping point' on federal restraint approaches
• 03/28/12: Obama truth from an open mike
• 03/21/12: The progressive campaign for voter fraud
• 03/19/12: Public pensions will get us if we don't watch out
• 03/14/12: Politics needs reporting, not speculation
• 03/12/12: Home of the free, the brave, the endangered
• 03/07/12: Obama used Limbaugh as scapegoat
• 03/05/12: Campaign substance lost in media melodrama
• 03/01/12: When Big Brother drowns
• 02/24/12: Obama goes gaseous on gas
• 02/22/12: Political tears for trust in personal empowerment --- except in the bedroom
• 02/17/12: Of cut-off ears and silenced mouths
• 02/15/12: Obama is a joke whose antics aren't funny
• 02/10/12: An energy boom looms, despite Obama
• 02/08/12: Obama's assault on faith
• 02/03/12: Can Romney get serious?
• 01/27/12: Obama is like an Italian ship captain
• 01/25/12: Newt Gingrich's first 100 days
• 01/20/12: Obama's Keystone pipeline lies
• 01/18/12: Critics worse than urinating Marines
• 01/13/12: Ron Paul is a cartoonish character
• 01/11/12: Newt Gingrich upset by Mitt Romney's brilliance
• 01/09/12: How about regulating presidents, too?
• 01/04/12: How America smothers itself
• 12/30/11: A tax break that helps break the nation
• 12/28/11: Watch out for the banana peel, Newt
• 12/21/11: A tale of two men
• 12/16/11: Strange happenings in Russia
• 12/14/11: Tim Tebow is a man of character
• 12/09/11: A populist, envy-mongering fraud divisively exacerbating resentment among different groups of Americans
• 12/07/11: Tax games threaten nation
• 12/05/11: Why Wal-Mart serves us better than Barney Frank
• 11/30/11: Not writing off Newt
• 11/28/11: Answers to the Iranian threat
• 11/23/11: Failure of the incumbency investment
• 11/18/11: Occupiers: Chop off their heads!
• 11/16/11: Obama asks jobless to sacrifice
• 11/09/11: Michael Moore's insufferable occupation
• 11/04/11: Political tipping point is coming
• 11/02/11: Idealogues versus 7 billion
• 10/28/11: Obama games on student loans
• 10/26/11: Wit and quick moves v. humanity and thoroughgoing honesty? It's no contest —- or at least shouldn't be
• 10/07/11: Baptists, bootleggers and Wall Street protesters
• 10/05/11: Federal law will get you even if you watch out
• 09/28/11: Leftist bugbears on the march
• 09/23/11: Still hope for coal to help us
• 09/21/11: Obama's Madoff ploy
• 09/19/11: U.S. can't afford to wait until it happens
• 09/14/11: Defending -- and strengthening -- gung ho collectivism
• 09/12/11: A pipeline to better times
• 09/08/11: Obama just keeps destroying jobs
• 09/06/11: Ultra-feminists thwarting justice
• 08/31/11: Corporations are people? Yes, Count the ways
• 08/26/11: What an earthquake tells us about debt
• 08/25/11: The tyranny of scientific consensus
• 08/23/11: Fracking hardly a public health threat
• 08/17/11: Why Obamacare won't control births
• 08/15/11: Balanced budget amendment unbalanced idea
• 08/10/11: Kerry's war on citizen speech
• 08/05/11: Upside to the compromise leaving the door open for obnoxious maneuvers
• 08/03/11: The people who may save America
• 07/29/11: On making deals, Obama is no LBJ
• 07/27/11: The threat behind the debt
• 07/23/11: Mean opposition to means-testing
• 07/20/11: Leftist babble makes debt crisis even worse
• 07/18/11: Time to raise demagoguery ceiling
• 07/13/11: Obama treating treaties badly
• 07/08/11: Is decline of U.S. exaggerated?
• 07/05/11: Not math deficiency, but demagoguery
© 2011, SCRIPPS HOWARD NEWS SERVICE
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