Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Friday, March 27, 2009

Just a minute

Add to all my doubts re: Afghanistan the following from the WaPo:

President Obama's new Afghanistan-Pakistan strategy will require significantly higher levels of U.S. funding for both countries, with U.S. military expenses in Afghanistan alone, currently about $2 billion a month, increasing by about 60 percent this year.


My mind has been thoroughly boggled. $2 billion a month?!

Let's see. 2 billion times .6 is 1.2 billion. So we're going to be looking at an estimated $3.2 billion a month, and probably we'll go over budget because everything always does.

The world is a strange place. In Washington D.C., particular political coalitions shift, someone gives an order, and huge amounts of economic, industrial, and military substance shift. The sheer scale is incredible, like a great science fiction movie. And yet, probably, nothing much will happen in the aggregate.

Bubbles will save us

So I finally got a look at this here Republican "budget" (which you can download here--it's not a big file *snicker*), and it really is as funny as people have been saying. Some part of me assumed they were exaggerating, but no. The bubble diagrams are really there. Some of them have seemingly random pictures inside. I think my favorite is the picture of a shop window saying "Yes we are OPEN" linked to the picture of stacks of cash money. Both in nice little blue circles. So cogent is the Republican economic vision that it doesn't even need words.

I forget who said that this was like what would happen if The Onion came out with a budget, but they were absolutely right. I can't believe it. No wonder Eric Cantor is leaking to the press that he thought this was a lousy idea from the start. I'm half-surprised it's still prominently displayed on the party website; most everybody must be running, not walking, away from this thing.

I mean:


I also found this bit to be pretty rich. From the "curbs spending" bubble section:

Who are the recipients of such largesse? International organizations and foreign aid recipients, including millions for reconstruction in the Hamas-controlled Gaza Strip. Labor union bosses participating in a new “green jobs” program. The National Endowment for the Arts, the Corporation for Public Broadcasting, Americorps, Title X Family Planning, and a host of spending programs that will do nothing to help our economy recover. And even community organizers, such as ACORN, performing “neighborhood stabilization.” Hundreds of programs deemed ineffective by prior Administrations are funded, despite promises from the President to go “line by line” to examine each program’s effectiveness.


Labor union bosses participating in a new green jobs program! Community organizers funded by the government! Outrageous! (How do you like the little shoutout to ACORN paranoiacs?) More seriously, I will grant that reasonable people can in fact disagree over the legitimacy or necessity of the NEA (though I am certainly a fan), and that every President does promise to eliminate wasteful spending and not much ever happens (because this is more complicated and difficult than people appreciate, and because "wasteful spending" of this kind does not actually come to that much money in the context of Social Security, the Pentagon, etc). However, most of the other programs cited here with such righteous rancor, while potentially debatable on other grounds, are pretty unimpeachable when it comes to stimulating our economy. Title X Family Planning would have been one of the best possible additions to the stimulus; it helps women avoid unwanted and expensive pregnancies, and believe me the money for the subsidized birth control would have been spent right quick. PBS, community organizations, etc. are keeping a lot of people employed with those federal dollars. I could go on, but for god's sake I'm arguing with the bubble people.

The next paragraph was what actually made me laugh.

In addition to securing our nation’s major entitlements, by enacting common-sense reforms and weeding out waste, fraud, and abuse, Republicans propose to undo the recent reckless and wasteful Democrat spending binge included in the so-called “stimulus” and omnibus bills. In addition, Republicans would cut overall nondefense spending by reforming or eliminating a host of wasteful programs deemed ineffective by various government entities. And Republicans would fully fund our ongoing commitments overseas while devoting the entirety of any savings from reduced fighting to deficit reduction, rebuilding our military, and funding our commitment to
our veterans.

See what we did there? We are going to stop spending money on everything but the military, which is of course not at ALL a fiscal giant on par with entitlement programs, certainly not ever wasteful (what are you IMPLYING?!), and in no way overlaps with the foreign aid and assistance programs denounced as wasteful and unnecessary in the previous paragraph. Did you notice how fully funding the "ongoing commitments" (which I am assuming, with the air of a desperate person clinging to a raft at sea, would include said foreign aid and development, since those are commitments and I hope we actually don't want to piss off more or less the entire world) will lead to reduced fighting, which will lead to savings, which we will use to...fund the military? Which beast should we be starving here?

This whole document gives me the sense of a mad--yet prim--old lady aunt who has very strong opinions about very, very crazy things, but is also quite the pearl-clutcher should you mention reality. Oh, and I guess she has some graphics skills, what with the bubbles and all. Hilzoy and Steve Benen have more.

Tuesday, February 17, 2009

Unbelievable

California has to shut down all construction and start firing people because Republicans wouldn't raise any taxes.

I understand the rationale that if you really believe less government is better, then being anti-tax isn't just something you play around at until the rubber hits the road and then you have to rush in to save the state. I get that. What I don't get is how the huge numbers of people who are going to lose employment, contractual (construction) or more permanent (20,000 state workers?), and who will decidedly not be absorbed by our ailing economy, is just fine and dandy.

This is one of those things that you see coming but always assume will be averted. It is going to be hard as hell for a Republican to get elected in most of California for the next few cycles if the world makes any sense at all. (Not holding my breath, I'll admit.)

Thursday, January 15, 2009

quick thought

I'm way too swamped with a cappella right now (our ICCA quarterfinal is in a week and a half) to really write anything of any weight, though I have what seems like eight hundred tabs open of interesting things I want to read and discuss. Just a quick thought about the House Democrats' stimulus proposal.

I can't imagine it's going to play well that they're taking money out of future Social Security funds (by reducing withholding) for stimulus now. I know the CW is that we have to handle this now and then we'll deal with the long-term budget and entitlement issues we're facing, but I have the feeling the Blue Dogs as well as many Republicans will be all over that.

I'm not even sure how I feel about it. I'm inclined to agree with The Economist when they say that now is the time when the government will have enough political capital and leeway to start handling these problems as part of an overall economic strategy, and furthermore that showing that these issues are being taken seriously will help revive investing and general confidence.