Saturday, November 21, 2009

Budget Busters

One of the new (to me, anyway) blogs that I've found and enjoy is Jake's Economic TA Funhouse.

Here's just one reason that I enjoy reading him:
These stats should completely put to bed any illusions people may have about corporations using their profits to help real people, but amazingly, some people are still spouting this "They're the creators of everything and need even more advantages than they already had." What world are these people living on? (This assumes they're honestly this deluded, I think a lot of them are paid hacks) Their idol Gordon Gekko was telling the truth when he said "I create nothing, I own." It's time to demand income taxes at 50-60% on incomes above some ridiculous number (like $2 million), and treat cap. gains the same as income. You do that, it's amazing how much less likely the greed and casino nature of today's corporations gets diminished. It's simple market economics in action.
If this wasn't enough to show you that this guy knows his stuff, from the same post:
Speaking of "What planet are you from?" Silly Scotty Walker is trying to get the endorsement of SARAH PALIN???? I mean, it's not like anyone with any sense of decency or brains would vote for that toolbag, but did he not notice the election results in Wisconsin last November? That 17% victory wasn't all Obama, it was also a lot of people in a thinking state saying "We aren't letting THAT near the White House." Combine that with Scotty's "money is more important than equal partner benefits", and you've just turned off anyone under 40 with a brain.

And that's not going into Walker's disastrous budget for the County. The County's already more or less bankrupt, they're just gambling that somehow the market turns around to make their pensions somewhat funded. But the un-negotiated job reductions, ridiculous levels of outsourcing, and fake revenue sources (you're not selling the Park East next year for that amount, bud), and then joking about fake layoff notices are Goldman Sachs-level shameless douchebaggery. I work in the biz, and we had every bit the challenges that Scotty's boys had, without anywhere near the conflict. We ended up with a more responsible budget that didn't triple our borrowing, nor did we guarantee the municipality's insolvency to hit the year after the exec leaves. There's a reason competent people from my grad school don't sign up to work for the County (at least areas under Walker's control). It's the GOP affirmative action program in full effect.
Yet the Walker backers keep whistling past the graveyard.

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