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Neither a borrower nor a lender be

By Owen Paine on Monday January 15, 2007 10:49 PM

Here's the Concord Coalition, whipping its lathered steed though every village and town of once-thrifty America, crying "The red ink is coming! The red ink is coming!"


The Concord Coalition is a nonpartisan grassroots organization dedicated to informing the public about the need for generationally responsible fiscal policy.

Former U.S. Senators Warren B. Rudman (R-NH) and Bob Kerrey (D-NE) serve as Co-Chairs of The Concord Coalition. Former Secretary of Commerce Peter G. Peterson serves as President.

Oh yeah, and bottled and bonded Bobby Rubin as... the Beaver.

Mission possible: in a mad fiscal panic and ignorant brute fury, cripple the FDR-LBJ social transfer system, like King Kong does that Manhattan IRT train in the 1932 flick.

Specimen -- I use the word advisedly:

It is often said that our political system only responds to a crisis. If that turns out to be true, our children and grandchildren are in big trouble.
Slippery-slope signposts on way to Too-Lateville:
  • 2024 -- Social Security, Medicare, Medicaid and net interest consume all revenues; the deficit hits 10 percent of GDP.
  • 2025 -- Net interest exceeds Medicare; debt held by the public exceeds 100 percent of GDP.
  • 2035 -- Net interest exceeds Medicare and Medicaid; debt held by the public equals 200 percent of GDP.
  • 2037 -- The deficit reaches 20.5 percent of GDP, exceeding the size of today's entire federal budget.
  • 2039 -- Social Security, Medicare and Medicaid consume all revenues.
  • 2041 -- Debt held by the public equals 300 percent of GDP.
  • 2045 -- Debt held by the public equals 400 percent of GDP.
  • 2046 -- Interest costs, at 21.6 percent of GDP, exceed the size of today's entire federal budget.
  • 2047 -- Debt held by the public equals 500 percent of GDP.
  • 2049 -- GAO model blows up because the economy is in ruins.
It's not even King Kong -- it's more like "Debt! The Blob that ate the Northern Hemisphere!"

Why is it, when I read soft-shoe ballyhoo hokum like this, I see top-hatted Peter Boyle in Young Frankenstein, stumbling cane in hand and yowling in agony, "Puttin' on the Riiiiitz!"

Comments (2)


Love the logo. But what is that Minuteman doing with a bassoon? -- Best not ask, maybe.

js paine:


the concord meister
acts like kong
to prevent
the transfer system from
the scarlet debt blob
absorbed norte america

of course
recall if u will
the stoic and stout
roman republic's plebs
were eventually
devoured by debt.....

and their land
ended up farmed by SLAVES

and then
errr ..and then
the plebs became proles
and didn't give a shit
if huns were coming
of the cheap
and free circus gimmick ....

hey !!!!!

where's our b and c ???

can our sudden
dis- occupationization
our trade based
be a blessing too ???

the transfer system of course

the masses ignorant maw
clamps down
on its own
slippery tail....

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