Doakes Sunday: Casualties of Keynes
By Mitch Berg
Joe Doakes from Como Park sends me stuff via email. LOTS of it. I’ve offered to just let him be one of the staff writers here, but no, Joe prefers the email thing. I’m fine with that.
But he sends me a ton of great stuff. I usually keep to posting one of Joe’s things a day – because I’d hate to have it seen that my blog is largely written by someone who maimls it in. But he writes a lot of great stuff.
So today I’m going to try to catch up, just a little bit, and clear out some of my Doakes backlog.
Anyway – Joe emails:
I put up a new screen saver yesterday to honor Congress re-opening the government. It’s a photo of a guy kicking a can down the road. A co-worker said he’d rather see them kick the can down the road than see the can crushed.
I asked if he thought adding half-a-trillion dollars debt every year was bad. No, not if we need to do it to get over the hump. In times of crisis it’s okay to borrow, as we did in WW II. Keynes, you know.
But if we add trillions more debt, even at 1 or 2 percent interest, debt service is going to mount up. We already can’t pay down the existing debt, in fact, we can’t even make our current payroll without borrowing. Eventually, we won’t be able to service the debt at all, right? True.
So is he willing to cut programs to balance the budget? No, we’re at bare bones already. Am I willing to raise taxes? No, I’m Taxed Enough Already. So what’s his plan?
He figures that if he can kick the can down the road another 30-40 years, something will come up that will make it all better.
But he has kids aged 2 and 4. Isn’t he sticking them with the prospect of a mountain of un-payable debt or a collapsing world economy? Yes, but there’s nothing that can be done about that. They’ll just have to work it out.
Honestly, I was stunned. I gave up and walked away. He is intentionally condemning his own children to savagery after the collapse of civilization because he isn’t willing to stop giving Obama-phones to lay-abouts.
Joe Doakes
We’re surrounded by them.





October 20th, 2013 at 8:49 am
The whole mess A to Z right here:
http://bit.ly/1asWxho
http://amzn.to/1cJIvty
http://amzn.to/H4GcXe
http://on.wsj.com/1d4ePdc via king Banaian
Go see “Money For Nothing” TODAY. Do not miss it.
The government has to back off from creating non-public goods.
No more easy money.
Unfortunately we are screwed if we don’t PROCREATE more taxPAYING SLAVES to the entitlement mess. Families not “Julia” or the freaking LBJ Great Society.
Actuarial reality. Government pensions and insurance. http://www.thepurpleplans.org
October 20th, 2013 at 9:02 am
Great commentary: Economic/ monetary / entitlements http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/10/17_Rob_Arnott.html
October 20th, 2013 at 7:16 pm
Someone doesn’t understand Keynes.
Saying that today’s economic problems are a result of poor consumer demand is like saying any illness you might have is due to ‘lack of health’.
Just think of what will happen when a young person with no insurance or a (now illegal) high deductible-high copay plan spends a few thousand of his or hers hard-earned sheckles on Obama-surance instead of a car payment or a spring break trip to Florida.
October 21st, 2013 at 6:00 am
@Powhatan Mingo PERFECT!