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http://taxvox.taxpolicycenter.org/2014/07/16/six-takeaways-cbos-new-long-term-budget-outlook/#comment-241060—“Michael Bindner says:

July 16, 2014 at 2:03 pm

The further takeaway is that electing a Republican President and Senate is the only thing that can create near term fiscal disaster. Health and the retirement of the boomers is still a concern – but both of those are, in my opinion, due to inadequate replacement levels – a birth dirth.

The debt percentage is going up, for now, but won’t hit the record anytime soon. That is not a problem as long as Europe and China stay out of the business of selling their debt as a package or buying ours. The continued uncertainty is likely as much about policy. A strong bipartisan budget agreement will likely change that – but is unlikely to occur just yet. This also kills the prospect of long term reform being easy (but that is a fantasy anyway). The baseline itself is also fantasy – as always. Of course, the alternative scenario is just as unlikely. There may not even be a United States in 2039 – we may unite with Europe, and maybe Latin America and Africa by then (indeed, not uniting by then is probably a bad thing).”—-

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Curt Doolittle says:

July 16, 2014 at 2:38 pm

Conservatives value norms, nuclear family, and liberty because they have a Durkheimian view of man: that our culture’s economic advantage is the product of high trust created only under self sufficiency, and such self trust must be constructed normatively first and institutionally second, only as a consequence of those norms. And all evidence around the world un all cultures at all points in time confirms this belief. We cannot run private corporations or corporeal states independent of family structure and norms. This is the fendamental fallacy if universalism whether capitalist or socialist.

The conservatives speak in myth and allegory, but the empirical content if those myths is correct, while the empirical content of macro economic theory converted from Marx byKkeynes in economics and the universalism of the classicals in mathematics both fail correspondence with drminstrated human behavior. We are tribal beings and only pseudoscientific westerners divorce morality ; the necessary rules required of any cooperative species – from the science that purports to mrasure such things. American divisiveness and europesn divisiveness, and add the divisiveness in the world is caused first znd foremost by attempts of states to violate those necessary laws of cooperation: the prevention of free riding is the cause if moral intuitions.

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