Comments on: Its the economy, stupid. https://www.habitablezone.com/2015/12/10/53530/ Tue, 07 Apr 2026 19:18:10 -0700 hourly 1 http://wordpress.org/?v=3.3.1 By: ER https://www.habitablezone.com/2015/12/10/53530/#comment-34596 ER Sat, 12 Dec 2015 15:22:27 +0000 https://www.habitablezone.com/?p=53530#comment-34596 Any more than you can blame the WSJ for writing it. Any more than you can blame the WSJ for writing it.

]]> By: JEKing https://www.habitablezone.com/2015/12/10/53530/#comment-34577 JEKing Fri, 11 Dec 2015 19:00:58 +0000 https://www.habitablezone.com/?p=53530#comment-34577 The Sanders campaign in September dismissed a Wall Street Journal report that said the senator’s platform — which includes a universal health care plan, tuition-free college, paid family leave, Social Security expansion and other progressive wish-list items — would cost $18 trillion over 10 years. Based on the proposals the Sanders campaign has put forth so far, the tax plan would bring in an estimated $6.5 trillion over the same period, leaving a more than $11 trillion gap. We don’t even have to speculate whether he has to look for revenue sources beyond the top 1 percent — that’s just the case,” said Kyle Pomerleau, director of federal projects at the Tax Foundation. U.S. labor force growth is set to slow further over the next decade as more Americans retire, which will confine the economy to a moderate growth path. Meanwhile, China’s immensely ambitious New Silk Road project will keep intersecting with the Russia-led Eurasia Economic Union (EEC). The EU will wake up and find a booming trade/commerce axis stretching from St. Petersburg to Shanghai. Putin sold a similar, and even more encompassing, vision in Germany a few years ago – stretching from Lisbon to Vladivostok. After Russia rearranges the Middle East, Putin and Xi will be running globalization. This will further diminish the economic base of the US as corporate activity relocates to asia. There is a hard road ahead, no matter whose administration dominates Washington. The American Century is over. “Democracy” has been degraded to self-parody in most of the West. The Sanders campaign in September dismissed a Wall Street Journal report that said the senator’s platform — which includes a universal health care plan, tuition-free college, paid family leave, Social Security expansion and other progressive wish-list items — would cost $18 trillion over 10 years. Based on the proposals the Sanders campaign has put forth so far, the tax plan would bring in an estimated $6.5 trillion over the same period, leaving a more than $11 trillion gap. We don’t even have to speculate whether he has to look for revenue sources beyond the top 1 percent — that’s just the case,” said Kyle Pomerleau, director of federal projects at the Tax Foundation.

U.S. labor force growth is set to slow further over the next decade as more Americans retire, which will confine the economy to a moderate growth path.

Meanwhile, China’s immensely ambitious New Silk Road project will keep intersecting with the Russia-led Eurasia Economic Union (EEC). The EU will wake up and find a booming trade/commerce axis stretching from St. Petersburg to Shanghai. Putin sold a similar, and even more encompassing, vision in Germany a few years ago – stretching from Lisbon to Vladivostok. After Russia rearranges the Middle East, Putin and Xi will be running globalization. This will further diminish the economic base of the US as corporate activity relocates to asia.

There is a hard road ahead, no matter whose administration dominates Washington. The American Century is over. “Democracy” has been degraded to self-parody in most of the West.

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