Mascale The Mascalian

[mascale]

Older people especially may have noticed that U. S. federal deficits, and spending habits: Seem to increase geometrically. In reality, they actually do!

Consider an ordinary Euclidean rectangle, with a diagonal from the lower left to the upper right. Start with the recollection that there are an infinite number of points on a line, and the think of the diagonal as the outcome of a fixed percentge pay raise. A line can be drawn from top point to the upper right diagonal top point, and so on down the original line. The source of incomes in an economy is the credit market, which is where those pay raises come from. All that credit even could be between $35.0 tril. to $65.0 tril dollars--According to "Generally Accepted Accounting Principles(?)," the Total Credit Market of just the United States. Even Hollywood understands about, "Generally Accepted Accounting Practices."

In fact, that is so much credit, that it actually started to spill out of the rectangle when Eisenhower was in office. So a fifth quadrant of credit started to be created outside the box. By the time Carter was in office, the inflation rate was soaring: Needing someway to pay back the credit. The Wage-Price Spiral of "ancient" liberalism was non-existent. By the time Reagan was in office, the credit amount had started to spill into a sixth quadrant. There had been no raise of Personal Income to pay any of the expanded credit back. The Reagan Administration is all about the economy in collapse. The stock market crashed in 1987--even after soaring deficits--and by Bush I, Term I, the unemployment rate was soaring, and minority youth were hopelessly shooting at one other in drug warfare.

In the 1986 Tax Reform, the math of a solution was created by the Liberals, It was the Raised and Indexed Standard Deduction, and Personal Exemptions, in the US Tax code. Instead of a fixed percentage raise, there is an equal amount added to each income, itself inflation indexed. That, however, was not applied to payrolls at the source, but to the tax rolls. Other people would come off the tax rolls in the Clinton Administration--which would attempt half-heartedly to create equal dollar amount pay increases, (through EITC Expansion, and the Child Tax Credit, and other projects). The Stock finally tanked.

So Bush II, Term I, came into office--and cut taxes--for the rich. The Poor and the Middle were already off the tax rolls. So he cut them again. It still didn't work. Enter Osama bin laden, two phoney wars, and procurements even insufficient to equip the troops in the field--and bogus loans to "homeowners." The fundamentals of the economy were, "Strong:" According to virtually anyone.

So, now--in an Obama Administration--we are past all that. The little girls still go to the pricey school, even though millions are finding the economy to be a disaster. But there is a four-pronged recovery stimulus under way.

The stimulus started last year with the interest rate cuts, (Not The Obamas), and federal reserve actions, (Not The Obamas). Then Came TARP, (Not the Obamas, or the GOP to hear talk). Then came the collapse of fuel market., (Not the Obamas). Then there came: Democratic National Committee!

And so it is YeeHaw! All Over Again!

Phil Gregg, MA (actually Speech, but in "scaling," as in attitude scale measurement)
aka Boss Phil (Free Venice Beachhead, 1980's)
aka Tax Protester (The fixed percentage COLA in Social Security)
aka, "Crow, James Crow: Shaken Not Stirred!" (Ignorance Of The Law Is No Excuse!)
And so (MA - Scale), mascale.

 

[Dis]

You must be the Chosen One...

 

[Wolfmoon]

 

[mascale]

Anyone would say that at last: All Venice had proof that I don't exist!

But that was then. Now anyone can even say when the rich get richer, and the poor poorer: Actually, it doesn't seem to work all that very well!

 

[catzmeow]

You lost me back at the geometric example.

 

[mascale]

Graduate faculty claimed to have trouble with it 35 years ago, so is is "mascale," no "phdscale!" That was Indiana University, Bloomington. Even then(?), a projection of an income level would commonly occur after multiplying an existing income level by the percentage rise of the Consumer Price Index. That is actually wrong, though not in school, or in government, or in business, or institutes, or even in the institutions where all of the foregoing, employed, all belong: Even now!

About the same time frame, however, my maternal uncle's friend--from the Masons--Gerald Ford was the Sitting President. Now, here was a fellow who could fall down stairs! This was change that millions could follow on TV, and believe in! There was a time when change: Was something that even Jerry Lewis, at the time--could believe in! It was unprecedented, and Bush I would later copy at the dinner with Japanese Prime Minister, and Senator Dole would emulate on the ol' campaign trail itself!

People in the Ford Administration, of course: Actually knew that they were wrong, and pretty much near the start of it all! No problems in that Administration have surfaced to this date: About, "What did they know, and When Did They Know It!"

So it was possible to project the Reagan Administration economy, in the Ford Administration economy. In between was the spiraling inflation of the economy in malaise(?) of Jimmy Carter. Anyone was able to forecast even that, kind of "sandwiched in," though it was.

Obama would later call the, "The Reagan Trajectory," a feeling of entrepreneurship, independent of Washington, D. C.! The real evidence is that under Reagan, there would be giant federal deficits, bloating essentially a defense sector of over-paid engineers, and leaving minority youth behind to fend for themselves. They did, in the drug trades: Shooting at one another. Social spending dropped in nearly the same proportion as defense spending rose. Enrepreneurship that Obama could believe in was actually a disaster to behold! We could get 40,000 LA Gang Members every Sunday afternoon, for the "Social Hour" after three: On Venice Beach, of Los Angeles, CA.

Why, such independent entreprenuership had never been seen: Even in the Days of The Twenty Mule Team Likely,the ads for the Borax are really what led Reagan to claim a credible ascendancy to the Presidency! Ronald Reagan knew about the Twenty Mule Team. if He knew a thing or two about the Twenty Mule Team, then he probably knew all that he needed to know about the Presidency! It wasn't like the Screen Actors Guild presidency at all, or even like being Govenor of California.

later on, Obama would claim to know about Ronald Reagan(?)!

One thing about Ron, in fact is that he did know about the Twenty Mule Team. And one thing about Obama in fact: About independent entrepreneurship, not even.

One thing everyone now knows about leadership in California: It takes a vegetable grower, and one from the desert. to pass a state budget in California. In fact, it is not that far away from where the famous old Twenty Mule Team: Had to start.

There is no showing that any one of the above, of course: Was able to follow the geometry at all.