Some Sunday mornings, I actually learn something from the Sunday morning Washington, D. C. – based network political talk shows. Yesterday was one of those days. In fact, I learned several things.
First of all, I learned there are actually some persons who understand $17 T in debt coupled with $ 65 T in long term unfunded liability cannot be eradicated without fundamental restructuring of the benefits code. Confiscating the 1% cash assets wouldn’t even balance the budget in one year, let alone solve the unfunded liability questions. Yet, I am not optimistic Congress has sufficient numbers of like serious persons and I am quite sadly certain the general public does not.
One of the ways I am certain is to listen to folks like Paul Krugman, a New York Times columnist and occasional ABC Sunday morning panelist. Mr. Krugman continues to call for more “stimulus” government spending, conveniently ignoring the Keynesian blast Washington has been engaged in the past 6 years, which by the most charitable views has failed. So, you learn some folks will not learn from history, so stuck in their ideology as to be blind.
You learn some folks are simply on dream street, so far disassociated with reality as to not be worth debating. This learning (OK, I actually already knew this) occurred on a show entitled “Up” on MSNBC on Saturday morning. Sure, it’s MSNBC, so there was no one even within sniffing distance of a conservative to correct the errors, but it was instructive nonetheless. There was a woman on the show representing, she said, something called Occupy Student Loans, or something like that. She actually was advocating student debt be forgiven! She did not identify how this might actually work (dreamers often haven’t thought out the action end of such fantasies, I suppose). I guess she is not bothered by the taxpayers’ exposure to Fannie and Freddie, as she apparently advocates something similar for student debt.
It is remarkable that with all the discussion of student debt this week and especially this weekend, I heard only a single mention of the notion that the availability of student loans is a major driver in the cost of higher education. I heard no one asking what the colleges and universities are doing with the money they reaped as tuitions have exploded in the past decade. Oh, well, better to find someone (Mr. Taxpayer, of course) to fund this, rather than ask tough questions…
I have (again) concluded one of the problems is the cowardice shown by the Republican Party. That’s right. They do not, with a couple of exceptions, have the courage to advocate specifics about how they would balance the budget and modify Medicare, Medicaid and Social Security, so worried are they about losing the next election. Consequently, most GOP’ers simply criticize their wild – spending, irresponsible Democrat opponents, while offering none of the specifics that must be identified to actually fix our problems.
Finally, Mr. Krugman again who also took the report from the Medicare and Social Security trustee this week (which showed both programs, of course, in ongoing financial dire straits) as something less than the horrible news it was. He teaches us that idelologues, even Nobel Prize winners, will espouse anything that they think helps their side.
You would think responsible journalists would require such persons identify themselves in such roundtables. Indeed, responsible journalists would demand this, but ABC and MSNBC’s failure to do so is a discussion for another time…when we decide to discuss problems for which the networks will never seek a solution.
And, keep in mind, only around 1% of our nation was watching and thinking about these problems this weekend. And, as we see, many of them aren’t thinking with reason as their ally. And, yet, they got the most TV air time.
Let’s see a show of hands from those who think enough politicians with courage will arise to start solving some of these problems…yeah, me neither.