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Friday, October 28, 2016

Stephen Colbert Humiliates Conservatives Who Have Been Pushing Cruel Austerity Using A Flawed Study

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On Tuesday’s Colbert Report on Comedy Central, Stephen Colbert responded to news that the primary academic study used to justify austerity is flawed. The result was a complete humiliation of the study’s authors — Carmen Reinhart and Kenneth Rogoff — and the politicians like Paul Ryan (R-WI) who have used the paper to justify brutal cuts.

“It was one of those cultural moments,” said Business Insider‘s Joe Weisenthal. “Suddenly one side just looks like fools in the national media.”

Colbert then brought on the graduate student who debunked the study as homework.

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Colbert has a talent for shattering pretense and exposing b*llshit.

The quintessential example of this was his speech at the 2006 White House Correspondents’ Dinner, where he destroyed both the Bush administration’s arrogant incompetence and the press’ willingness to serve that government’s agenda.

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Copyright 2013 The National Memo
  • After years of demanding spending reductions to balance the budget and reduce the debt, while opposing tax increases to support the government services we demand an benefit from, the GOP finally understands that there are consequences to an austerity program. The same Republicans that demonized and ridiculed the the contributions and criticalityof the work done by our civil servants are now quietly funding air traffic controllers, reseach doctors at the Center for Disease Control, and indicating that military, intelligence, diplomatic services, NASA, Weather services, border patrol, Port authorities and other essential services will not be affected. The pre-conceived notion that government services are limited to welfare for 47% of Americans has been debunked. Tey are finally realizing that we cannot function as a nation or society without the contributions of the government they have been demonizing and undermining for decades.

    • itsfun

      Lets quit funding things no one wants. Public television and radio are a waste of taxpayer money. Funding studies on the sex live of a bug are another waste of money. How many other studies of this type do we fund? The sequester did not cut things, Obama did to punish those who don’t agree with him. The sequester only cut the amount of the increases. Don’t worry about diplomatic services, Obama just lets them get murdered anyway.

      • Lets quit funding Congress until they prove their worth!! Seems to me, right now, they are a totally unneccessary expense!

      • Allan Richardson

        No one wants public TV and radio? I beg to differ, as do millions of other viewers and listeners who put up their OWN MONEY to replace the funds that have ALREADY been cut over the last few decades. For one thing, unlike pay cable, these broadcasting media make learning and news available to families and children who cannot afford to subscribe to cable.

        The sex life of a bug may sound unimportant, but what if you are trying to find a way to remove that bug from the environment because it is a pest, or save that bug if it is something we need, like honeybees. In fact, the SCREWWORM FLY was once a pest of cattle throughout the Southeast (the very part of the country that considers “sex life of bugs” to be a waste of tax money), until researchers learned that female screwworm flies only mate once and store the sperm to lay eggs the rest of their lives, while males mate with as many females as possible, in a research program financed by the USDA and other agencies. By raising screwworm flies in captivity, killing most of the captive females, sterilizing most of the captive males, then releasing them to “spoil” as many wild females as possible, they WIPED OUT THE ENTIRE POPULATION of screwworm flies. And despite not getting any thanks from red state ranchers, YOU’RE WELCOME ANYWAY.

        Another thing conservatives ignore about research projects is that basic research almost always EVENTUALLY results in practical uses of the basic information, as well as TRAINING scientists by giving them projects for their theses and dissertations. So we get both training (i.e. practice) and sometimes results from the same money. Sort of like using cadet-piloted aircraft to drop actual bombs on an enemy.

        The sequester, which was designed as a “doomsday weapon” to force Congress to pass a REAL budget, was specifically designed to make ACROSS THE BOARD CUTS which would be painful. The President did not select what specific jobs would be cut.

        As for the charge that the President “just lets them get murdered,” the fact is that, previously, diplomatic security was supplemented by private contractors. After the Lybian revolution, their government demanded that we remove the contractors (because of certain abuses in the past), but Congress refused to fund the additional GOVERNMENT personnel needed to replace the contractors.

        If you are upset about liberals showing you up on the facts, take comfort in knowing that “facts” have a well known liberal bias, as Stephen has told us.

        • progressiveandproud

          Great comeback!

      • RobertCHastings

        So I guess the air-traffic controllers don’t agree with Obama? Looks like another one of your typically stupid posts. PBS does not need the miniscule amount of money given it by the federal government; and how often have we heard in the National Memo that Foreign Aid is in the neighborhood of $16B/year TOTAL.

      • itsfun is mentioning items that take a very miniscule portion of the budget and trying to make them look like a monstrous waste of taxpayer funds. This would indicate he’s been swallowing whatever the far right media (Fox and friends) puts on his plate.

  • Decline of America by liberals

    • CrankyToo

      You must be a Repugnican – you can’t even write a complete sentence. That’s what happens when you’re home-schooled by Fox Noise.

  • Lovefacts

    You gotta love Colbert. No one pops the right’s bubbles better than Jon Stewart and Colbert. Unfortunately, the truth won’t change the views of true-believers.

  • DowntwnDavis

    So help me out liberals..,….You put a fire out by pouring gas on it……is that right?

    • ralphkr

      Yes, indeed, DowntownDavis. Both professional firefighters and liberals have found that the best way to put out a fire is to pour gas on it. Halon is by far the best way to snuff a fire around electronic equipment. If you weren’t stuck in the 18th Century with the rest of the Conservative losers you would know this.