the new left played john the baptist to the annoited reagan right

no change b4 its time

a class that dwells in the superstructure quite spontaneously

applys “its experience of social dynamics”

to the folks at the base of the system

and of course gets the fundementals all wrong

unlike the high wire acts of the talented top
for the base the laws of gravity

are never long broken

and there is no net below

that is not a vicious purgatory

the fond dream ..the abolition of class distinctions

magic !!

its wishful quixotic absurdity
a very different proposition

from conciously trying to steer an ignited rebellion

the wheels of social progress are class powered

we will liberate ourselves

organizing to catalyize
the transformation of society itself

thru the existing system of class contradictions

is a boundless ambition

full of frustration delay

futility even

but …

it is not a dream

Posted by pinky at 12:59 PM

the job hunk of our every day social reality
is not sublated by diversionary walter mitty pipe dreams

or minimized by amelioratory compensations or denials

the job hunk itself must be transformed

the last time the great american jobblery
felt the need for somethin big and basic

along these lines

we passsed on utter transformation

despite the deeply and broadly realized

profoundly out of jointness of it all …

back then
our prez was a patrician rentier cripple

who wore a pinc nez and smoked cigarettes

thru a flity looking holder

and yet with his well bred voice and lifted chin
he convinced enough of us

enough of the time

along the way

to give the old glory republic another shot

if not reconstituted at least re suffled
and with a fresh system for passing around

the cards

 and here is where their faith got us to today
by Clio's route circuitous and crafty

 looking for white water
looking toward the next social cataract

Posted by pinky at 12:46 PM

back in the high post war 40's the recently liberated peoples of western europe had a choice to make

which of two worthies did they
—as citizens of free universally enfranchsed nations —-

want running the whole earth's big picture ???

needless to say the couching of the choice
had its effects

on the one hand there was

give em dollars and —- for show only —-hell harry

on the other

give em real hell unclissimo joe

they quite understandably
after n years of herr hitler's fortress europa

chose harry's show ride to a family car

yup

freely and knowingly they voted for pax americana

movie stars…swimmin pools

and by a solid national purality …in election after election 

the dream of an old fashion
hollywood ending

trumps a kremlin new beginning

every time .. .

Posted by pinky at 11:57 AM

here's a memo for the fourth
from a woodstock generation hanger on :



(for meritorious eyes only )



go 40 years in the way back with me …to july 1968…now don't it look like dawn of the dead

back then we shoulda gone into mourning if not hibernation…..the high 60's ended that summer all over the world…in chicago prague paris peking you name it …all over

now of course Clio taunted us with Her usual eddies of false prospect .Allende's Chile…the Black Panthers ….the PLO….but….it was over really and true-ly over that summer…ya i know turning points and high water marks litter the era like carnival tattoos …shit my quandum virgil the dumb founding Hunter T saw the wave brake earlier ..much earlier way back when a detail of Hell's Angels nam backers and nigger haters  headed off the joe colleges at the oakland berkley line ….

but that was a pre figuration .. a scoop …the massive turn .the turn we all felt came that summer in 68

the shift.. the quake.. the national impasse….wasn't just generational

the real killer was the class fissure right inside

us boomer white folks ourselves

and the fucker just kept widening

from those  late 60's summers thru the “fuck it ” Saturday night fever of the Carter dispensation till what else…uncle Ronnie took america under his hollywood wing ….

ecce the great class divide
can't progress with it

can't liberate without it



okay so it was seemingly bridged for a moment that May in Paris ..

PURE STREET THEATRE ..even among that nation of hams it was already crumbling by july ….

face it… what could hold em together ???

once the endless routine of job life kicked back in for the waged smurfs and the left bank revolutionary merit classers returned

to their  holier then thou arpeggios …

the anarcho unionist oxymoron worked out

a nasty seperation agreement

and quite easily too

and not just in France

but all over the advanced patches of the planet



in little more then ten years

we got deng and thatcher

the topsy turvey was righted …the iron laws of the market place re legitimized



ya ya ya … we know all that …and in spades

okay i hear what you say

but i say climb the latter yourself… ..

that ugly .july 68 … july 78 …don't forget july 88 …how about that july 98 ..and here we are at july 08 …40 years later…



well my fellow highly edified world changers …i hope u paused to savor each station ….

do ya feel better about stuff ??

feel its only the gun fuckers and jesus creepers that are bitter ??



now cometh Obama…



oh the irony …we Woodstockers devotion to black liberation was both our golden and poison apple

from rad freaks to beatific Aquarians and this is our disney ending.???this id projection taking flesh  this lank smoothy the promised Emperor of ice cream



as always i preteniously take my sollice in an upside down rendering of old Hegels dialectic

i believe HISTORY HUMAN hISTORY Her REASONS

the peculiar features of our social progress have a loose slothful necessity…  so what if it zig zags like a lazy tennese river why the big fuckin hurry …it ain't all about us you bastards



sollice ???

well  all i got is the usual  bromide promise

the 68 pivot was a right pivot so the next one's gotta be a….errrr and mates when it hits it will hit hard and good

Posted by pinky at 11:53 AM

“the Carbon Molecule Industry”

laff you surprise me …jolly phrase !!!!

Posted by: paine | Link to comment | July 02, 2008 at 08:07 AM

paine says…
“What would happen if we've (already) reached Peak Oil prices?”

not sure i follow

but when's that stopped me

peak crude oil pricing
or more generally total displacement crude oil pricing

what might that brute look like ??

we ougha have a model or 12
some where in the journals

go fetch my eager ivy laced elves
whil hari and MOI

KEEP

big picturing it up

here on the veranda

Posted by: paine | Link to comment | July 02, 2008 at 08:13 AM

paine says…
it occurs to me

if we split the game into drillers pumpers and refiners

the best stage to hold for future production
is at the pre drilling stage

the most profitable exploration is no exploration at all

of course the corporate exploration and drilling system
is not a perfect global cartel so ….

errr or is it ??..or at least operating as if …

as current contracts rise
'cause expected demand growth leaps

the un known un found pools

become a friend of the rollicking profiteers

ahhh

enter….the shafter!!!!

any one who thinks domestic drilling won't boom..now
is forgetful

but a global exploratory cartel…wouldn't

let's use that construct
as an evil spectral guide

drill we the drillers will
and at a higher less lame rate

in fact the shafter is on the money
where and how much we

the drilling humans drill

has its causal patterns

low priced high clinton years

were poison for drillers an their equipers and servicers

then the hunish five appointed the oil boys into the white house …..

after much ado
out comes…peak a boo pricing

to what extent unrestrained drilling
is a carbon tit

industry “fantasy ” or “nitemare”

depends on conjectural circs eh ???

today is it the anarchy
of a gadarene charge toward exploration max ???

is that what the corprate carbon giants

oughta pray for ????

or green fig leafed restraint ???

peak pricing is real
but….

maybe peak oil

is a very nice bottom line figment

Posted by: paine | Link to comment | July 02, 2008 at 09:23 AM

paine says…
lets drill boys

but lets not discover too much

right away…

or at least lets not fess to it in public

Posted by: paine | Link to comment | July 02,

to be clear
our hypothetical

virtual

global exploration and drilling cartel

would need ” ownership “

by a ggodlt chunk of the earth's pumpers

to be

properly incentivized

to “find “

precious little new stuff right away

in the short run
short fall

is king

shaftster

nice to have u back

we need some high court of corrections type
powdered wigs around here once in a blue moon

the goo goos are livin too easy
off the heavily larded

slow moving herd market moowers

” gist free up that there market and…”

the portfolio babbits
red faced nativists

and sundry stray

tyrolean grifters

could use a purple robed

s'not so head or two

data data everywhere
and not a solution to think

data the popcorn of settled minds

lets logic chop
and pounce from limb to limb

cheshire smiling all the while

i hear somebody somewhere grumblin

hey senior smug
got any thing worth buying meme wise

or are u just

all about pricking pink bubbles

Posted by: paine | Link to comment | July 02, 2008 at 11:33 AM

paine says…
paradoxical has ups

where gore plays cheney and cheney plays gore

serves what end ???

the Devil may live off the details
but He's got a plan

Posted by: paine | Link to comment | July 02, 2008 at 11:39 AM

paine says…
sudden huge surge in expected demand

why
who in the towers of houston back in 97

couldn't see this comng ???

finite horizons ???
limited rationality ????

figure what ??
..from drillin to marketable spillin ???

five years ????

the surge could have been met if
the pit of drillin had been a boom time

there's a degree of intertemporal interwoven
mess up here

that

if you were satisfied to call it

” a simple market failure”

god i hope you'd sound silly to yourself

Posted by js paine at 03:57 AM

the Bag's feigning
he knows FTAs ARE by intent PTAs

WHY DO THEY EXIST ???

for all the cogent reasons he mentions

“divert trade ”

” raise standards and production costs

of rival firms abroad “

removing ” capital controls”

imposing “higher patent protection”

“a'spaghetti bowl' of preferences “

great images

“.. chaos in the world trading system”

no there's maybe no emergent macro optimization process

but plenty of micro method to the madness of its intricacy

great image

“There is no better example of folly wrought by good intentions. …”

rewrite:

there is no better example of folly
wrought by good… profits

“The current tide of preferences has been a result of politicians mistakenly, and in an uncoordinated fashion, pursuing free trade agreements because they think (erroneously) that they are pursuing a free trade agenda”
pure alibi

the key aisle crossers know the score

take billy C in 93-94

nafta over a payroll tax cut

was the key to donkey base class betrayal

it wasn't about freeing up trade

open-ing boarders

all that lady liberty junk

it was about raising trans nat corporate

limited liability opportunity”

below the border

price
your hard money mania

has a hole thru it

without a booming economywages wil not rise

boomsoften require demand mangement to be sustained

effective demand management
thru credit exspansion

may not be directly as nice as a pay raise

but it is decidedly NOT the enemy of rising real wages

let alone

inflation indexed retirement payments

or equity investments
or house lot values

or ..anything real

or anything paper

that is properly price level indexed

—-what you got a bond portfolio ???
a fixed pension payment ??? —-

yes all us jobbled masses

oughta prefer higher real wages

to higher household credit lines

or galloping federal full employment deficits

but low wages and high credit lines

and or bigger fed deficits

still trumps

low wages and low credit lines

and anal uncle press-de-budget-ation

Posted by: paine | Link to comment | July 02, 2008 at 07:55 AM

paine says…
wanna fix a deficit

fix the balance o payments deficit

by balancing trade fast

close the billion dollar maw

the continuing nite mare

thats devouring our production platform

target the asian aces
and the oiler arabs

with their infernal wall street crafted

forex fiddlers first and fore most

“economists have a very big problem with time frames”

right on baby

human scale
is individual job scale

the basic unit oughta be one soul
and weighed as if its pure gold

a couple three generations
of decent north american

wage jobs

harvested for global progress

smacks of a view from hell

Posted by js paine at 03:55 AM

bruce webb

you are a wonderful guard dog

but reich is talking a one year exclusion here

not a long term wacking

maybe u ought to reconsider barking at him

besides as you very well know
reality transcends the private account book

socially transfered immediate purchasing power
no matter the complexity of its circuit

is still ultimately

inter firm or inter household

not intertemporal

if you want a strong transfer system
in the future

that extracts from payroll

see to it

total payroll expands

at its

maximal sustainable rate

ie

basically

invest in productivity growth

ie per hour constant dollar value added

and immigration of job age folks

all this talk of jobs recession…
peal oil shit….

how 'bout …peak jobs

got to this late

first

- —others may have already pointed this out
but its worth repeating —-

this whole bit about creating two for one job trade offs with say ..india is vile and a put up job

the assumptions behind
for example

stolper amuelson are clear

immediate and universal availibility
of all technical know how or at least the open means to build that know how into the local human capital

SS and the like also require

balanced trade at all times

no protracted gaps no “financial layer”

that can time shift and dilate the process of return to balance

these twoassumption ae profoundly NOT part of our global market realit
if they were if we allowed no if we required

full and free tranfer of know how

and immediate forex adjustments to restore trade balance

then the trade off of our jobs for indian jobs would not exist

at least not as we see it now

and we could drop the barriers without harming
jobbled souls anywhere

how ?

by anne's full employment macro
its only the trans nat privateers that bene from this system

even the indian worker coming from the timeless countrside

joins a dickensian purgatory on balance

hardly an improved life for them

over the timeless pre cap invasion world

i think we here in amerika needa triple zero plan

a zero unemployment rate a zero trade deficit
a zero real interest rate

and a zero charge for the transfer and use of intellectual property

with full flex dollar forex
open immigration

a wealth tax and and and …..

these are not politically possible
but why aren't they ???

Posted by: paine | Link to comment | July 02, 2008 at 01:55 PM

paine says…
“The US system, compared to continental social economic system, is selfish and works fundamentally in the interest of capital”

hari

the west-euro social markets and intricate transfer systems
are in crisis too

globalization is on its way
toward

turning the SD half way house into a house of straw

flexicurity is the job class mutual aid society at its best

but like the posts “incentives” for the trans nats to land here

its a chumps game

if the EC's eastern branch
can forex itself into a dixie for euro industry…

its an irony of history
that stalin created irrational zealotous friedman-ites

by the zillions in eastern europe

they really are like the american south

Posted by: paine | Link to comment | July 02, 2008 at 02:08 PM

paine says…
“The power of this sort of argument grows …

when one adds currency pegs and other sorts of currency manipulations, which are in fact nothing more than subsidies and tariffs in other guise.”

precisely james

Posted by: paine | Link to comment | July 02, 2008 at 02:11 PM

paine says…
“The only way free trade provides long term benefit to the home as well as host country and thereby the global economy as a whole is when production moves across borders due to distinctive sustainable comparative advantages”

yes if there are no on going scale or scope effects

the point of gombau
technical innovation

and its localized inceptions

reshuffles the deck costantly

the system never settles down

to portugese wine

for english beef

trans nats thrive on the endless
temporary advantages

ie

the marshallian quasi rents

this constant reshuffling creates

Posted by: paine | Link to comment | July 02, 2008 at 02:19 PM

paine says…
post-national entities

produce

post industrial results

“It is compatible with exploiting the fruits of the earth and climate — oil, vacation resorts, and the like.”
bw

exactly natural local conditions natural natural

uinlike the natural rate of such

institutional artifacts as interest and unemployment

here's one use where its not klass propoganda

and its never emphasized

Posted by: paine | Link to comment | July 02, 2008 at 03:03 PM

paine says…
“.. arguing that we can maintain American style “free” trade, explicitly devoted as it is, to making labor insecure and advancing corporate power, by simply adding labor benefits.”

nutz nutz nutz

a generous triage for the job savaged
uncle sam caring nurse

go f yourself

and besides all tht to ad insult to brutality

“… we've allowed corporate power full dominion
over our political as well as economic system

….. we don't get to wave that magic wand

and ..” even “..get our pretty benefits”

lark
obviously i agree

“the vacuum of bargaining power on the part of labor which deprives it of its share of the ever growing pie”

indeed!!!!

Posted by: paine | Link to comment | July 02, 2008 at 05:37 PM

paine says…
i think declaring natural peaks have arrived…has peaked

“Americans seem to lack the willpower”

what in holy hell does that REALLY mean

balanced trade is not a matter of”willpower”

and a policy induced surplus is a fiddlers paradise
it ought to be illegal under international trade rules to run

a dirty float if you are running a trade surplus

except to return to balanced trade
forex fiddles are viciously toxic to fair trade

Posted by: paine | Link to comment | July 03, 2008 at 05:27 AM

paine says…
these lead heads that call for higher national savings

ie

a policy induced national recessional

confuse

an “income effect” driven

return to balance

with a substitution effect driven

rebalancing policy

they're limited liability …sadistic twits

Posted by js paine at 03:41 AM

this is neo glib at its nadir
” If an economy as a whole is under-saving and under-investing, the government ought to help to correct this problem by running surpluses “

brad what if all productive investments seem to get funded??
and the bulk of the household dis saving

is thru the global usury transfer system ????

“…(government ought) not make it worse by running deficits that drain the pool of private savings available to fund investment..”

if the system isn't running at capacity …..
and it never has since 1945

“Of course, governments need to run deficits in depressions in order to stimulate demand and stem rising unemployment”

oh … so what level of slack does this emergency alarm
phase change require doc delongeurs ??

“'various American presidents’ economic advisers have been advocates of aiming for budget surpluses
except in times of slack demand …”

oh now slack matters…

hmmm to reconcil these dashed off lines…

guess its expected super slack that matters though

proof :

“….and threatening depression”

that” and “

—- btw deployed
by the likes of brad

self described as dc's former

top prep school math mind

is a precision logical instument

meaning union ie both not and or

not a flabby vulgate inclusive

“Fiscal deficits so large that they put the debt-to-GDP ratio on an explosive upward trend do not merely act as a drag on long-term economic growth; they also create the possibility that at any moment the economy might face an immediate macroeconomic and financial disaster”

the only revenge on these neo glibs
is the fear they might live to see

their beloved and mighty metropole itself

morphed by their corporate friends

in an act of unchecked depravity

into a banana republic

alas its a fantasy

uncle hegemonic will never fall save as the central satan of a giant fall of all

but i stray off…

notice te meme here was save to get the higher cap to output ratio

but in order to be able to save tomorrow
destroy savings today

leson
never trust any one who talks of savings

national ….and or …household

as if the more they rise

the more productive capacity gets built

pretending in this swiften mode to toy
with hyper deficits to cow the party of wealth creation

Posted by js paine at 01:45 AM

“I am a little surprised that the Democrats haven't nailed the oil mess to Bush's forehead, instead they are all a twitter about the solutions, electric cars and blah blah”

indeed
and

lets see if the Dems can point the boney finger

to the limited liability culprits

up in the glass towers …

now fashioning their neat new green masks

specific solutions to specific problems
no matter how urgent and necessary

often

distract and deflect

the well intended

from the systemic causes

the heart of darkness at the core of it all…

able to generate out of nothing much
beyond

simple bottom line think

novel horrors for a conflicted self inflicted
browning planet

doom proceeds apace
Posted by: paine | Link to comment | June 30, 2008 at 04:24 PM

paine says…
aaron ob has an energy plan

it's hardly clue less

consult a blog epitome and evaluation

by no one les then mr industrial policy himself….dani r

rush over to his site

title of post
its ba ack

ie

industrial policy obamanation style

Posted by js paine at 11:00 PM

aaron
there is no natural rate of unemployment

where price change accelerates

only an istitutional rate of unemployment

where price change accelerates

Posted by: paine | Link to comment | June 30, 2008 at 01:28 PM

paine says…
one who has no fear of violating

the unconditional liberty of corporate pricing

can institutionalize a zero jobbless rate in amerika

Posted by js paine at 09:30 PM

“Interesting idea, from a very very smart man”
did it become interesting after he chimed in with it

or have you dreamed of the trillion dollar deficit

for quite some time now ????

my guess we've needed just
an immediate  trillion dollar deficit surge

since at least 2000
ie

when it was obvious to most reasonably informed observers

our epic national decent

down to zero joblessness

was about to stall out

Posted by js paine at 09:14 PM

“Leaving Iraq is a bell-weather issue, on this second fear front”

never fear on this score
both party cores yearn for

a good emperor

thank the fighting hearts of the arab street
sunni and shi ite

the empire wants a time out

this round will end

and there will be a respite

whether we get

the air pirate or the magic negro

no hundred years war
was one of continuos action

this one

in the cradle of civilization

will be no exception

iran will be threatened but not hit
not even by the boys from fort zion

Posted by js paine at 09:14 PM

seems clear to me ideology of either sort
is easily mapped by party

the paradox is loyalty of many
to a party

that at the end of the day

even if it doesn't want

their humble head on a stake

at least wants to cut their family pay stream

bruce your two party zig zag makes sense
if theres sufficient common ground under these parties..

ie
that which keeps each party core willing

to play by the rules

and not resort to systmic

systemic destabilization

of one sort

or other

and

to one degree or other

constitutional outlaw parties
play quite another set of social games… eh ?

for such naughty system challenging fish
to swim

for long at large among …. the people

there has to a tune out drop out…

“this whole set up sucks”

type mind sets

floating thru a fairly large and identifiable chunk

of this particular

mass of people's heads

the closest we came to such a sate of the society obviously was the high 60's
seemed intense at the time

big chunks of

blacks chicanos college students

but

with a few shucks and jives the two party system

kept on truckin'

as in the goodness of time

the blocks of mad folks melted into some many

scattered cubes

as to your fear of the hoovering of obama

recall fdr hit the ground running
of coure he hardly needed to stur the populous up

enter reagan in 81…

obama like reagan needs to declare an emergency
rile every one up

make a one hundred days type plan and ram it thru fast

force the dem congress to act

recall reagan had to work thru a dem house
but his team created such a whurl wind

'economic dunkirk ' and all that …etc etc

if obama talks softly and calmly
fine but he can't

dither and perfect

he must act loudly swiftly and with a sense of urgency

and

faith any errors will be corrected in time

fdr often claimed it was inaction feckless action
defeatest action

not wrong action

that the people ultimately found unforgiveable

Posted by js paine at 08:11 PM

krug warns us on obama move right

along the way
he characterizes the electorate some …

“I don't often read the Wilder posts here”

much to you're loss

i agree
with the Wild institutionalist

PK on “the electorate”
is pure

by the numbers ….. projection

and like too many dismalian scientists
his mind's

fantasia norte amerikana

is not very complex

or contradictory

so its creatures aren't either

“I am a little surprised that the Democrats haven't nailed the oil mess to Bush's forehead, instead they are all a twitter about the solutions, electric cars and blah blah”

indeed
and

lets see if the Dems can point the boney finger

to the limited liability culprits

up in the glass towers …

now fashioning their neat new green masks

specific solutions to specific problems
no matter how urgent and necessary

often

distract and deflect

the well intended

from the systemic causes

the heart of darkness at the core of it all…

able to generate out of nothing much
beyond

simple bottom line think

novel horrors for a conflicted self inflicted
browning planet

doom proceeds apace

“what made Clinton “Clintonesque” was, above all, his decision to make national health care the central initiative of his first two years in office, with his wife in charge of getting it done. Not only did they fail, but they failed so spectacularly that he had to deal with a Republican Congress for the rest of his presidency “

let me suggest
clinton and DLC CORE

lost CONTROL OF The congress

because they did nothing

big up front right away

for the wage earning class

ie

no big tax cut on payroll taxes

and i mean big

like the reagaon bush cuts for the corporate class

and their rentier parasite

its ironic..perhaps

but the eries of payroll based tranfer systems set up by FDR
have run amok

the wage earners of amerika need serious immediate
massive relief

ie first step in office

pop the cap on the SS tax

and

slash the rate back to pay as u go levels

billions will flowback into jobbled “take home”

energy and health cost relief
oughta be job two

key
forget the f in fiscal deficit

at least untill we're clear sailing again

end the trade deficit and the job deficit
and the pay deficit first

do this sound like obama ??????

meister webb
man with the numbers on tap

nice comment

a nod to mister calculator too

u gotta add in the cap pop
and its effect on lowering the paygo rate

and needless to say we brake the 50/50

from its inception shell game

and give the whole cut to the pay check side

whats the calc say on that
i bet we're over a grand per job cap and toward 1500 per household now

btw this is immediate tax relief measure
not prog over hauling

of the tax system

note in anne's lovely citation of the father of it all
franklin was not above playing and playing vigorously

the anti demogogue demogogue on this 50/50 point

with a system mod like this we play the dynamics
grab the short run wind fall for the jobbler

whatever final settle down incidence might be

we know the initial pop goes to the right households

as to the cap pop itself

”.. save me from my friends.”

in fact maybe in adition u need to save u from yourself

“A cap increase is both very bad politics and very bad policy.”

bad politics ?????
a flat tax on payroll all the way to the tower top

who's bad politics is that ??

as to
bad policy as in it

” For one thing it gives all income from non-wage sources
a pass because that income is not subject to FICA to start with.”

if you ar suggesting we fund SS out of a value added tax fine but lets get to that in steps
lets first show the jobblers which party wants to

cut THEIR taxes

” And attempts to somehow extend FICA to those income sources sets up an administrative nightmare.”
really ???

i see a sudden shift to unearned status

for lots of board room comp “rents”

that show oughta bring out the class divide
for step two

which i agree ought to be

” progressivity …on the capital gains side”

flush em out before you knock em flat

” do not set up some Rube Goldberg mechanism for funneling more cash through a system that is currently running a cash surplus.”

but bruce this is me op
the whole point is to end that surplus …now

the cap pop obviously must come along with the paygo

btw

i really think the trust funds should be returned to their sources y the way

thats what a couple bills worth now ?

“It is a kneejerk reaction that feels progressive but has a net regressive effect when applied to the bigger picture of national income.”

that line i can not follow
let me be explicit the jobbler tax cut

must be real

must be large

must be on going

webb you be dah man on this gig
but maybe on the big picture we might find some areas

of the canvas you've left in quick outline form only

i submit we can
put the system in play

despite the bevy of

“touch nothing” reactive dembot notions

to lock box the system is to limit the response

the system is quite
robust not just to scrutiny as your nobel efforts demonstrate

but tinkering as well

it can be prog hauled today
just as efectively and as easily

as 25 years ago it was turned by moynihan greenspan

into a grotesquely regressive keel haul yesterday

Posted by: paine | Link to comment | June 30, 2008 at 10:05 AM

paine says…
“Sometimes that change in direction is only a few degrees by compass, but extended over many years, the country ends up in a completely different place.”

what if there's a countering re-correction in 4-8 years ???

Posted by: paine | Link to comment | June 30, 2008 at 10:12 AM

paine says…
“on the capital gains side”

we need a real revolution
in capital taxes

a federal wealth tax

a life times towering wealth
not one years towering income

even i buy the rotarian goon line

“why punish fast growth wealth
over slow growth wealth “

Posted by: paine | Link to comment | June 30, 2008 at 10:18 AM

paine says…
seems

aaron

like his name sake

worships a golden ass

oh ya

webb are you including the income earned by the trust funds ???

that needs to be counter acted by the paygo cut too

ANNE let us not run away too far from realityand its full bend backs..

let us cut the encomium billicus

“Not only lessened the budget deficit but produced an important surplus,”
hardly a triumph more an alibi for social budget parsimony

” allowed for a strong dollar,”
utter nite mare ending to this ..

if you happened to work in an import sensitive or export dependent factory

“dramatically eased increases in health costs”

in the short run indeed

but by signing us on to endless hmo purgatory

and its pass thru value subtracting liabilty rassle dazzle

only to see an un tamed med sector resume

its long run price galloping free for alling

Posted by: paine | Link to comment | June 30, 2008 at 11:00 AM

paine says…
“he's a complex person. “

who isn't ??? or wasn't anyway ??

oh ya barry goldwater

“…not about ideology—bringing back a liberal nirvana—…”

liberal nirvana …nirvana

nice perhaps not fully grasped slash

at the black holed center of the liberal mind

webb
nice reply

details in spades storm the bastille here

let me drop back a step

pay go

—at least as i'm using it—-

sets the present ss system
to cover out lays and rebate any surplus

or pay back any short term borrowings

the trust funds mere existence

—beyond
a smoothing function —-

violates the pay go principle

—————————-

lets add it all up

the cap pop's increase in the rev base
and i mean total pop

much as i understand the medi tax is now

the end to the trust funds
present stealth

—policy as you note—-

no more virtual only interest payments
make uncle send over to the trustees

real payments

useable as part of pay go now

very important point
the cut in rate

to be totally taken out of the employee side

brake the 50/50 sham

and the reconciliation
to be tab -ed up quarterly

ie

actual out lay experience

versus

with holdings

the diff rebated immediately
to the job holder

btw
this is not even a major long run move

its an act of faith

much like the proper alternative to the gas tax cut

heating oil nat gas and electrical utility stamps
to be issued without a means test

per capita starting with the winter of 09

i did the taboo thing

i went to

http://www.ssa.gov/OACT/ProgData/funds.html

and

i looked up a number or two

rounding

receipts over outlays in the main retirement plan

180 billion

intersts earned on two billion dollar main trust fund

90 billion

total 270 billion

figuring what ??
140 million jobblers

rebate about an average 2k per
uncap the base

and maybe regress the rebate

maybe use the retirement formula for same ….

gets to be worth a hoot maybe

Posted by: paine | Link to comment | June 30, 2008 at 04:24 PM

paine says…
aaron ob has an energy plan

it's hardly clue less

consult a blog epitome and evaluation

by no one les then mr industrial policy himself….dani r

rush over to his site

title of post
its ba ack

ie

industrial policy obamanation style

Posted by: paine | Link to comment | June 30, 2008 at 04:30 PM

paine says…
here the link

http://rodrik.typepad.com/dani_rodriks_weblog/2008/06/it-is-ba-ack.html

Posted by js paine at 08:01 PM