This above all; to thine own self be true.

- William Shakespeare

Now We Have Leadership

It is good to see we are righting this ship and prepared to do the hard lifting necessary to once again have a fiscally responsible, limited government.

The news is so good, the Congressional Budget Office (CBO) had a few nice words after reviewing the path:

...CBO concluded the plan would "make the Social Security and Medicare programs permanently solvent [and] lift the growing debt burden on future generations, and hold federal taxes to no higher than 19 percent of GDP." [Read]

The problems?

Fiscal responsibility: the (D)emocrats would prefer to dig the hole deeper and the (R)epublican leadership is afraid of...leading.
NMP Syndrome: NMP (Not My Plan) Syndrome is a very common disease amongst politicians who find themselves unable to do the right thing in the first place. To support a good idea from another politician, especially if the letter on their chest is different, is anathema.
Understanding: it is clear that there are few in Washington that understand economics, and fewer in the media (even holders of the Nobel prize in economics) that understand economics...that even understand 4-32 DOES NOT EQUAL 73!
Integrity: Everyone seems to be out for themselves, wanting something from others without having to earn it themselves, and this is how politicians without integrity can by votes from voters without integrity. Until we require integrity from ourselves how can we expect it from our politicians?

Still, there is a man with a plan.

posted at 02:48:57 on 07/13/10 by clearpolitics - Category: Economics - [Permalink]

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