Incredible Wit-gen-stein
Wit: The obvious and the persona
Gen: generate - generation
Stein: the vessel and the persona
So good so far. To be edited later.
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Incredible Wit-gen-stein
Wit: The obvious and the persona
Gen: generate - generation
Stein: the vessel and the persona
So good so far. To be edited later.


Several members of Congress also expressed agitation with the timing. Obama’s speech came after Rep. Paul Ryan (R-Wisc.) unveiled his own budget plan, giving his own remarks the veneer of a presidential response rather than executive leadership.
Because this recession came at a time when we were already deeply in debt and it made the debt worse, if we don’t have a serious plan to tackle the debt and the deficit, that could actually end up being a bigger drag on the economy than anything else. If the markets start feeling that we’re not serious about the problem, and if you start seeing investors feel uncertain about the future, then they could pull back right at the time when the economy is taking off.Then there is Speaker Boehner:
So you’re right that it’s tricky. Folks around here are used to the hills in San Francisco, and you’ve driven -- I don’t know if they still have clutch cars around here. Anybody every driven a clutch car? (Laughter.) I mean, you got to sort of tap and -- well, that’s sort of what we faced in terms of the economy, right? We got to hit the accelerator, but we’ve got to also make sure that we don’t gun it; we can’t let the car slip backwards. And so what we’re trying to do then is put together a debt and deficit plan that doesn’t slash spending so drastically that we can’t still make investments in education, that we can’t still make investments in infrastructure -- all of which would help the economy grow.
Boehner, R-Ohio, said the biggest accomplishment of the Republican House this year has been to change the debate on spending -- and the budget compromise sets the stage for even bigger cuts. "It's like driving down the highway and throwing your car into reverse," Boehner said.Which should complete the "who is in the driver's seat" metaphor.
For one, various areas of policy disagreement within the White House remained unresolved. In particular, officials familiar with the discussions say, Obama's economic advisers warned against calling for a final balance of three dollars in spending reductions for every dollar generated in additional tax revenue, arguing the ratio was too explicit.From his (President Obama's) Fiscal Speech:
I believe reform should protect the middle class, promote economic growth, and build on the fiscal commission’s model of reducing tax expenditures so that there’s enough savings to both lower rates and lower the deficit. And as I called for in the State of the Union, we should reform our corporate tax code as well, to make our businesses and our economy more competitive.So it seems the realization could be made that the ratio is much more balanced, recognizing loopholes as spending not additional tax revenues. While this may seem like semantics it is actually a valid accounting of rhetoric. And in some ways it is similar to the gripe that the President as leader is either "the one" or is supposed to leak his strategy to followers. By this I refer to the complaints that he kept some in the dark, yet allowed the Republicans to go first on the fiscal plan. There are many fronts in the process called government, but it is different than partisan politics or military strategy.
But after Democrats and Republicans committed to fiscal discipline during the 1990s, we lost our way in the decade that followed. We increased spending dramatically for two wars and an expensive prescription drug program -- but we didn’t pay for any of this new spending. Instead, we made the problem worse with trillions of dollars in unpaid-for tax cuts -- tax cuts that went to every millionaire and billionaire in the country; tax cuts that will force us to borrow an average of $500 billion every year over the next decade.That is not all...(later referred to as "hanging chad" .]
To give you an idea of how much damage this caused to our nation’s checkbook, consider this: In the last decade, if we had simply found a way to pay for the tax cuts and the prescription drug benefit, our deficit would currently be at low historical levels in the coming years.
Several members of Congress also expressed agitation with the timing...(cont.) ]