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letsgetitdone's picture

Real Fiscal Responsibility 3; Carter: Inflation and Health Care

Here's the third post in my series evaluating the fiscal responsibility/irresponsibility of the Governments of the United States (mostly the Congress, the Executive Branch, and the Federal Reserve) by Administration periods beginning in 1977 with the Jimmy Carter period. My first post explained why I chose to start my evaluation with the Carter period, and also laid out my related definitions of fiscal sustainability, and fiscal responsibility.

It explained why fiscal responsibility is closely connected to the idea of public purpose, which I've laid out here. I also claimed that the Government of the United States has been fiscally irresponsible in every Administration period since 1977.

In my second post, I began by examining the problems of ending economic stagnation, and providing full employment at a living wage, and, I hope, by showing that the Government, during the Carter period, failed to solve either problem because of its commitment to deficit reduction, and budget balancing, in the service of hoped for inflation moderation. The remaining posts in this series will continue to document the claim that all the US Governments since 1977 have been fiscally irresponsible. This, one, the third in the series, will examine how the US Government failed in its efforts to create and maintain price stability, and also failed to provide a solution to the problem of providing the right of receiving health care to every American in need. Read below the fold...

Critical Commentary on Current Black Leadership

Thread: 

EXCERPTS:

Byran K. Bullock in "Historically, Black Leaders Supported Palestinians; Why Less So Now?"

“The congressional black caucus, the so-called ‘conscience of the congress,’ has not shown an ounce of righteous indignation at the massacre of the Palestinians.”

snip

Read below the fold...
letsgetitdone's picture

Real Fiscal Responsibility 4; Carter: Education Reform

If you're reading this you've landed near but not at the beginning of my very lengthy series evaluating the fiscal responsibility/irresponsibility of the Governments of the United States (mostly the Congress, the Executive Branch, and the Federal Reserve) by Administration periods, beginning in 1977 - 1981 with the Jimmy Carter period. My first post explained why I chose to start my evaluation with the Carter period, and also laid out my related definitions of fiscal sustainability, and fiscal responsibility.

It explained why fiscal responsibility is closely connected to the idea of public purpose, which I laid out in this post prior to beginning the series. You may want to consult that post, if you want to know what I mean by “public purpose.” I also claimed that the Government of the United States has been fiscally irresponsible in every Administration period since 1977.

In my second post, I began by examining the problems of ending economic stagnation, and providing full employment at a living wage, and, I hope, by showing that the Government, during the Carter period, failed to solve either problem because of its commitment to deficit reduction, and budget balancing, in the service of hoped for inflation moderation. The third post in the series, examined how the US Government failed in its efforts to create and maintain price stability, and also failed to provide a solution to the problem of providing the right of receiving health care to every American in need. So, thus far in the first three posts in the series we've seen how the Government during the Carter period failed to 1) end economic stagnation; 2) failed to create and maintain full employment; 3) failed to maintain price stability; and 4) failed to maintain price stability. It did not fail however, to reduce the Federal deficit, which is not in itself an aspect of public purpose, but a presumed means of preserving government solvency, and avoiding inflation. So, I suppose congratulations are due the Government for solving a faux problem and failing to directly address the real ones.

So, from 1977 – 1981, the Government of the United States is thus far 0 for 4 when it comes to achieving real fiscal responsibility through fiscal policy in accordance with key aspects of public purpose. The remaining posts in this series will continue to document the claim that all the US Governments since 1977 have been fiscally irresponsible. In this, the fourth post in the series, I'll evaluate the Government's efforts at educational reform during the Carter period. Will the Government go 0 for 5? We'll see! Read below the fold...

What Avedon said

If every word of this weren't true, I'd call this a rant: Read below the fold...

Cannonfire is right

Cannonfire looked into Yandex, the Russian mail service. I'm testing some new keen Drupal software, and I needed to create a number of accounts, so I thought I'd test it out. It's pretty slick! And as Cannonfire says: Read below the fold...

In the garden: The race against mildew

As you can see, I've got some nice orange something-or-others coming in, at lower left, under the leaves, and as usual, at upper right, a great teaming mass of tomatoes are all going to ripen at once. So, success! Read below the fold...

BruceMcF's picture

Sunday Train: NEC High Speed Rail for Under $20b (from 15Jul2012)

Sunday Train this week is a re-run from 15 July, 2012

Burning the Midnight Oil for Living Energy Independence

One of the transit bloggers that I enjoy reading is Alon Levy who blogs his observations on a variety of transit topics at Pedestrian Observations . Following the important California HSR funding vote in the California State Senate and the excitement leading up to it, I thought I'd like to take a look at the proposed Express HSR system for the states of the Northeast Corridor.

Of the $53b cost of the proposed San Francisco to Los Angeles Express HSR corridor seems hefty ~ and it seems even heftier when it shows the Year of Expenditure headline value of $68b ~ then the proposed Northeast Corridor states Express HSR will seem massive.

However, Alon claims:

Northeast Corridor HSR, 90% Cheaper
...
In contrast with this extravaganza, it is possible to achieve comparable travel times for about one tenth the cost. The important thing is to build the projects with the most benefit measured in travel time reduced or reliability gained per unit of cost, and also share tracks heavily with commuter rail, using timed overtakes to reduce the required amount of multi-tracking.

This sounds like an intriguing possibility ... but is it realistic? Or is it wishful thinking? Follow me below the fold, and then let's discuss it. Read below the fold...

In the garden: Spot the cat!

In case you can't.... Read below the fold...

In the garden: The Cardinal Climbers flower!

The very first one!

Read below the fold...

letsgetitdone's picture

Real Fiscal Responsibility 2; Carter: Stagnation and Unemployment

This post continues my series evaluating the fiscal responsibility/irresponsibility of the Governments of the United States (mostly the Congress, the Executive Branch, and the Federal Reserve) by Administration periods beginning in 1977 with the Jimmy Carter period. My first post explained why I chose to start my evaluation with the Carter period, and also laid out my related definitions of fiscal sustainability, and fiscal responsibility.

It explained why fiscal responsibility is closely connected to the idea of public purpose, which I've laid out here. I also claimed that the Government of the United States has been fiscally irresponsible in every Administration period since 1977. The remaining posts in this series, and they will be many, will document that claim with analysis.

In this second post, I begin my evaluation of the extent of fiscal responsibility or irresponsibility of the Federal Government during the Carter Administration by covering two of the primary problems reflecting public purpose, and what the Federal Government did or did not do about them with its fiscal and monetary policies. The two are: ending economic stagnation, and creating full employment at a living wage. Read below the fold...

Tweet of the day (2)

Tweet of the day

DCblogger's picture

What Booman said

Yes, you heard me right, What Booman said. It seems that King Abdullah of Saudi Arabia has warned that the West will be the next target of the jihadists sweeping through Syria and Iraq, unless there is "rapid" action.

Yes

Seriously

Because the entire House of Saud is a bunch of rotten cowards incapable of fighting their own wars. Read below the fold...

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