Daily Archives: March 7, 2012

When Is A Good Time to Spend A Rainy Day Fund?

I have heard the comment that Democrats complained about Bush’s deficits, but they are not complaining about the deficits that Obama is incurring.

Perhaps I can put this in other words that make sense of what the Democrats say and nonsense of what the Republicans say.

Democrats complained that Bush was spending the economy’s rainy-day funds while the sun was shining. Republicans are now complaining that Obama is spending what little rainy day fund that George Bush didn’t give away while the rain is pouring down around us.

To me the seeming Democratic inconsistency makes complete sense when you use the right words to explain their policy.  It is the Republican inconsistency that is absurd when viewed in the right framework.

If you don’t like the analogy above, you might ask when would be a good time to sock money away if you are worried about losing your job? Would it make sense to spend every nickel while you have a job and then be left to starve when you lose your job? Or would it make more sense to save money when the income is rolling in and then tap your reserves when the income stops flowing for a while?

Spending all you have and saving nothing is not always the right policy, but sometimes you have no other choice. So reserve that policy for the times when you have no other choice.

Is it really that hard to understand? I suppose it is hard to understand it when the money is rolling in and you can’t imagine it ever stopping. When the money stops rolling in, then it is easy to see what you should have done, but by then it is too late.

Is it asking too much for the American people to have a teensy-weensy amount of foresight?

Words Of Warcraft About Iran/Israel From Jon Stewart

In the video below, Jon Stewart says:

With threats and taunts mounting, can we get a responsible party to break up this Iranian-Israeli schoolyard fight before someone gets hurt?

People, that’s all I am saying.   Maybe Jon Stewart can get it across better with some humor.

If the embedded video above does not work, here is the direct link which does work.

Obama scolds Republican foes on Iran

Without a subscription, you can still access The Boston Globe story, Obama scolds Republican foes on Iran. Let me just emphasize one paragraph that appears near the end of the story.

The nation’s top spy, James R. Clapper, told Congress in January the nation’s 16 intelligence agencies have concluded that while Iran is laying the groundwork for a bomb, there is no evidence it has made the decision to actually build a weapon.

I just quote this paragraph to prove to readers of this blog that I am not fantasizing when I say that our intelligence agencies don’t even believe the saber rattling that Obama sometimes spews.

Finally, at least, in this press conference, Obama tries to quell the war mongering that he started.

If you cannot get the rest of the story from The Boston Globe, you can get it from the McClatchy article Obama defends Iran policy, charges Republican rivals of politicizing issue.

The mention of the testimony of the nation’s top spy does not appear in the McClatchy story. Maybe only the truly left-wing radical papers like The Boston Globe and The Los Angeles Times dare to print the truth about what our intelligence agencies say about Iran.  (I hope you can detect the sarcasm in my statement about the two newspapers.  After all The Boston Globe is owned by the chief war mongering newspaper in the country, The New York Times. What I just said about The New York Times is not sarcasm, but merely the truth.)