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Archive for January 25th, 2011|Daily archive page

A Cents Of Entitlement.

In Economy, Government, Television on January 25, 2011 at 8:04 pm

The State of the Union address is less than an hour away and there have been hints and suggestions from the president as to what major themes and issues he will highlight. Republicans have been laying down the sand and salt to contain any new spending proposals slipped in by Obama tonight.

I’m taking a year off from live-blogging the event, because I haven’t yet mastered how to juggle that task while engaging in a rigorous drinking game, rife with sips and gulps on buzzwords like “bipartisan” and “competitiveness,” and selected prepositions like “by” and “on.”

Undoubtedly, the horrific shootings in Tucson will be referenced in the speech. Job growth and American perseverance will be a key component, with the unemployment rate stubbornly in the 9%-range, and China, brimming with production, on the brink of becoming a full-fledged global rival.

Other topics that will likely be broached are Social Security, Medicare, the national deficit, and tax policy. The debate around these subjects has increased in the last few months, not only with the November elections, but with the plan unveiled by a bipartisan panel on addressing the debt, commissioned by the White House.

The panel released an extensive set of recommendations to bring our maxed out credit card into balance. I wonder if anyone on it considered redeeming our Membership Rewards points to do this. We must have enough now to at least pay for the flight to China, so that we can then bust open the main cabin door and hose them down with all their gobs of money. If they did mull this one over, they didn’t opt for it. Read the rest of this entry »