This is what I keep talking about. The people who get paid the - TopicsExpress

This is what I keep talking about. The people who get paid the big bucks to understand economics DONT FREAKING UNDERSTAND ECONOMICS. And this is a real nuts and bolts issue, pretty simple, not rocket science, not vague, abstract, or weird. Social Security is on a completely separate accounting system from the one used when we talk about federal deficits, and its that way by design. Indeed, as the article observes, the Social Security trust fund is prohibited by law from running deficits. So any political figure who talks about the need to cut Social Security benefits as a way of dealing with the deficit is either totally stupid or just straight up lying. Actually, Im not sure which is worse. If Geithner and his ilk dont know what theyre talking about, then our nation is being run by total incompetents who need to be tossed out on their asses immediately. Because, you know, we could probably do just as well with a four year old child in charge. Thats pretty bad. Chances are very high that the ship of state will be sinking soon, and its kind of amazing that it hasnt already. But if theyre lying, which I assume would be for various ideological reasons, or for subservience to the vastly wealthy class who own the nation and our political system, or both, then we can be pretty certain that we citizens simply dont matter, and our concerns are seen as nothing short of contemptible. Stunning incompetence or deep seated malevolence, which is worse? I suppose in the end it doesnt matter. The nation is totally screwed no matter how you slice it. latimes/business/hiltzik/la-fi-mh-what-tim-geithner-20140513-column.html

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