The fiscal cliff is political bullshit: we’re already over the edge, Thelma. All this is simply to make it look like both parties are taking their complete lack of financial control seriously, and are “holding the line” on their respective policies. None of them care about the debt, the deficit spending, the impact on the American people — they’ve all got their cushy jobs, big pensions, and Cadillac health care. They’re aristocrats, or think of themselves that way, and to them, we exist to do nothing by provide the with our money and adoration.
Here’s Senator Tom Coburn — quite possibly the biggest dupe in government — speaking about entitlements and Obama: “We’ve had conversations where he’s told me he’ll go much further than anyone believes he’ll go to solve the entitlement problem if he can get the compromise. And I believe him.”
Good job, Oklahoma; why is this guy still in the Senate..?
That’s right…US debt exceeds that of the entire Eurozone plus Britain. Since the populations are about the same, as well, that means more per capita debt for the American people. We always hear about unsustainable practices…well, you’re looking at one.
Progressives love to tell us you can’t cut your way out of the problem, but spending is precisely the problem: if you spend more than you take in, you go broke. Then no one lends to you, government or individual. It’s happened several times across history. Worse, when you are wasting spending on cronyism (Listen up, GOP, this is you, too!) and needless programs, when you lose sight of good stewardship of the public trust, you cannot repair the problem. It will always look too insurmountable, because you don’t want to tell your supporters “no.”
The Republican establishment would have us believe that Mitt Romney is the answer, but that’s not really the case. He might slow the bleeding, but I doubt it…the GOP muckety-mucks are just as intent on spending our hard-earned cash as the Democrats, just on a different set of business buddies — military contractors rather than solar power, for instance. And this is what they don’t understand and fear — the Tea Party sentiment that brought tem to power in the House in 2010 was not a Republican wave…it was a populist, libertarian-leaning wave. If they plug the latest in a series of bland, lifeless cash-pushing robots into office, it will not help their position; if they lose to Obama after a nearly-assured win a year ago, it will destroy whatever credibility the “electability” crowd has. Trying to co-opt libertarian organizations like CATO will not help the “conservative” cause, either; it looks like the bullying it is, Koch brothers.
A great many of us simply don’t believe you anymore. Same goes for you Progressive Democrats. The internet allows us to fact check you in seconds. Bloggers and “new media” give better, more insightful, and truthful analysis than you’ll get on MSNBC or Fox.
That’s right, the most pampered country in Europe has had some of its citizens protesting austerity measures and German largess with posters and thinly veiled allusions to World War II. Hey, Greece, if you don’t want to see the third Germanic World Tour, you might want to clean yourselves up, cut your taxes and government spending and get jobs.
This wee country, with 11 million people managed to wrack up over a half trillion in debt (small potatoes compared to the ludicrous amounts that the United States has wasted) in the last decade. Their unbelievably high compensation for state workers, their lavish retirement packages, and their propensity to waste money like — well, Greeks on retirement — should act as a warning to others. It didn’t, of course, as the current state of spending in the UNited States shows, and the collapse of the PIGS in Europe enhances. (Notice everyone’s forgotten about Iceland, the first domino in this disaster..?)
There’s a good question in this piece: If Greece collapses, will investors in the failed states of the EU get their money back. Here’s the answer: NO. If Germany manages to buy the country without the use of tanks, you still won’t get your money back; they’ve pissed it away. This is the problem with statists: they’re like locusts — they tax you poor and spend it on crap. Then they borrow your children and grandchildren poor…and spend it on crap. Eventually, there’s no money, but that not a concept a politician can manage. To them, there’s always money. The Rich always have a few more million tucked under their mattress or another country will always loan us dosh.
Until they don’t.
Former U.S. Comptroller David Walker was telling us the financial sky was falling before the economic collapse in 2007, and continues to alert us to the runaway spending and borrowing that is going to plunge the nation into the same default or debtor malaise that Greece is currently experiencing.
“We’ve got more time than those countries in Europe, because of who we are and what our position is in the world, but we don’t have unlimited time, and it’s really important that this year’s presidential campaign place a lot of attention on the issue of fiscal responsibility and sustainability as Ross Perot did 20 years ago with significant positive impact,” Walker said.
Here’s more from 60 Minutes…
The General Accounting OFfice has highlighted another 51 areas (added to the other 81 from last year) in which the government could trim spending by reducing redundancy and waste. (Yeah…that’ll happen.)
“This shocking report identifies more than $400 billion in annual government spending on 1,500 different programs that are wasteful, duplicative, or inefficient,” says Jeff Sessions, Republican ranking member of the Senate Budget Committee. (They have a budget committee..? So where’s the budget? Over three years and counting!)
Sessions, of course, blames the executive branch for the lack of action (and he’s right), but admits the Congress could do something about it (correct, sir…that would imply that you are all the problem.) But it doesn’t matter whose fault it is; none of these guys want to fix the problem. They want to spend your money and get congratulated for their efforts. Oh, and get rich off you…don’t forget that!
…well…with the continuing resolutions to fund the government after September 30,that is; we haven’t had a budget in well over two years. the Democrats are playing politics by pulling their support because cuts might affect their control of the auto industry. The GOP are playing to appease the Tea Parties, whom they will just screw over in 2013 if they take the Senate and White House.
Let’s go ahead and shut it all down and see what happens. Outside of government workers (who deserve to see how the other 19% of the population are going through), I’m betting most of us wouldn’t notice…