the inevitability of fiscal crisis intrudes into the msm

[jk]

Gail Collins: If neither side will have anything to do with the other side’s plan, I don’t see how we move forward. Give me a scenario of how it might work.

David Brooks: There isn’t one. That is until we have a fiscal crisis that will make the recent recession look like a picnic. Then we’ll get serious and adopt something along the lines of Simpson-Bowles. It’s just too bad that Medicare will have to collapse and millions have to be thrown out of work before we do.



http://opinionator.blogs.nytimes.com...20-more-to-go/

jk comment- i think it's worth noting the spread of ideas. a bull market consists of the ongoing recruitment of converts to the bull thesis. similarly, social and political action accompanies a similar recruitment process. david brooks is a mainstream center-right thinker, and usually upbeat in a restrained way. thus my taking note of this uncharacteristic statement of his.

[BigBagel]

Re: the inevitability of fiscal crisis intrudes into the msm

You're hoping that elite opinion may eventually produce the animal spirits that avert a disaster. Over the last month I've been wondering if we already crossed the Rubicon. Has the crisis phase started and the elites and general public don't realize it?

[jk]

Re: the inevitability of fiscal crisis intrudes into the msm

Your hoping that elite opinion may eventually produce the animal spirits that avert a disaster.

no, i don't think the disaster will be avoided. but i think a growing awareness of it, beyond some threshold, will be part of what triggers it. it's like before a hurricane, when people become aware of the coming danger, suddenly a mob descends on the supermarkets and cleans off the shelves.

[WildspitzE]

Re: the inevitability of fiscal crisis intrudes into the msm

it's like before a hurricane, when people become aware of the coming danger, suddenly a mob descends on the supermarkets and cleans off the shelves.

sure does.... did you see this (post #9)? http://www.itulip.com/forums/showthr...656#post194656

[Sidewinder]

Re: the inevitability of fiscal crisis intrudes into the msm

Maybe I've missed an existing thread but... Perhaps we should start a thread where we can post indications of dawning awareness like BiscayneSunrise started back on 12-20-09 for inflation?