Rolling Stone's Matt Taibbi explained on Current TV yesterday that Joe Biden's gigglefest in the face of Romney-Ryan's farcical fix-it was profoundly befitting:
You should bring contemptuous laughter to this whole thing because it is not serious. That is the real problem with it. It is not even that it is cynical and it is nefarious, it is just not serious.
The "it," of course, is Romney's $5 trillion tax cut, to be accompanied, incidentally, by a $2 trillion bump in defense spending. (At the Pentagon, $2 trillion really is just a "bump.") Seven trillion dollars of additional, clearly defined debits--all to be erased by precisely $0 of clearly defined offsets.
What's more, voters are so impressed by Mitt Romney's fiscal wizardry that they have consistently given him the edge against President Obama in the surveyed subject of debt reduction. (The other day I heard a professional fact-checker lament that studies indicate that deluded voters tend to entrench in mistaken notions whenever confronted by corrections. The poor man looked thoroughly dejected: not lies but the truth--the unearthing of which was his job--had become the enemy.)
The confluence of the body politic's befuddlement and a Romney administration's unseriousness could synthesize in the next seriously befuddled Congress. Most politicians absolutely adore tax cuts and it goes without saying that they can never spend enough on defense, hence passing another $7 trillion in debt could proceed like crap through a goose. Now, show of hands: How many pols would vote to end the mortgage-interest deduction? Or end any deduction or any exemption? Even assuming Congress plugged all the major loopholes, taxpayers would still be left with $5 trillion in new, additional, Romneyesque debt.
And here's the real kicker: All this from the party that in the wake of the prodigiously reckless Bush administration swore to recommit itself to fiscal responsibility.
So, one wonders. How, tonight, could Obama not laugh? Romney's fiscal unseriousness is perhaps no more indescribably absurd than Ronald Reagan's or George W. Bush's; however Romney's represents the third friggin' time that "the party of fiscal responsibility" has so brazenly advocated the laughable debauchery of fiscal implosion.
Isn't that worth at least one good presidential chuckle?