Friday, May 04, 2012

Meaningless Word Salad


After all, the deadline was always meant to act as a catalyst for serious revenue and expenditure reforms — including revamping the federal tax code, streamlining entitlements and realigning incentives to favor production and investment rather than consumption and operational avoidance of U.S. tax jurisdictions. But complacency has continued to reign, leaving the country exposed to unnecessary economic trauma and renewed political dysfunction.

What does "streamlining entitlements" even mean?

Jobs report out in half an hour. As usual I hope for a horrible number, though not a horrible reality. OK numbers just encourage complacency, but OK numbers are not good enough. We need policies to fix the problems. And, no, "streamlining entitlements" does not fix the problems.