From a Reganite's lips to the GOP's heart or lack of it.

ARROYO GRANDE, Calif. (MarketWatch) -- "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."


Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."
Stockman rushes into the ring swinging like a boxer: "If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation's public debt ... will soon reach $18 trillion." It screams "out for austerity and sacrifice." But instead, the GOP insists "that the nation's wealthiest taxpayers be spared even a three-percentage-point rate increase."

Stockman says "the second unhappy change in the American economy has been the extraordinary growth of our public debt. In 1970 it was just 40% of gross domestic product, or about $425 billion. When it reaches $18 trillion, it will be 40 times greater than in 1970." Who's to blame? Not big-spending Dems, says Stockman, but "from the Republican Party's embrace, about three decades ago, of the insidious doctrine that deficits don't matter if they result from tax cuts."

Finally, thanks to Republican policies that let us "live beyond our means for decades by borrowing heavily from abroad, we have steadily sent jobs and production offshore," while at home "high-value jobs in goods production ... trade, transportation, information technology and the professions shrunk by 12% to 68 million from 77 million."
As the apocalypse draws near,


Stockman sees a class-rebellion, a new revolution, a war against greed and the wealthy. Soon. The trigger will be the growing gap between economic classes: No wonder "that during the last bubble (from 2002 to 2006) the top 1% of Americans -- paid mainly from the Wall Street casino -- received two-thirds of the gain in national income, while the bottom 90% -- mainly dependent on Main Street's shrinking economy -- got only 12%. This growing wealth gap is not the market's fault. It's the decaying fruit of bad economic policy."

What the GOP at it again with fuzzy economics! Oh wait we call it~

So when was the last time some said let's cut all government spending across the board.

Oh, yea Ronnie Regan did when he was President and everyone, save real number crunching economist hailed it as a revolution.    So what was the problem.   Then like now the Federal Gov is throwing money into a cement mixer of DHS/NSA/DOD/CORP pig troughs at levels not seen since the Gipper.

The result has been unprecedented government debt. Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and Carter in their combined terms could only double it. It took 31 years to accomplish the first postwar debt tripling, yet Reagan did it in eight.http://mises.org/freemarket_detail.aspx?control=488

What he did was to raise levels of spending at increasing rates mainly in DOD and Overseas Aid, I can still remember by Econ 300 teacher posting the carts showing the growth across these areas verses anything that would help the non million class of US Folk in Education, National Infrastructure, Public Health and the record of the GOP when it comes to taking care of Veterans speaks for itself.  

We'll send them to war in a minute yet we won't spend a dime more then the public makes us to take care of them once they are home.  Let's call them heros and btw our banks need more tax payer money.

Because what he did next is just what the current Congress is proposing. After dumping so much extra money in the usual stoved-piped special interest areas the big plan is to cut everyone across the board.  Some agencies that have not seen funding increases in years (because we have to save big business) when viewed against DHS' or DOD's drunken binging budget days is not even close to be equal cuts.

It's like giving someone a mile head start in a 3 mile race and exactly why we call it Voodoo Economics.