And so we begin a new year in a new location with a new URL. If you found me, welcome. If you didn't then what do you think you're reading right now? Anyway, this is part of my New Year's resolution to allow more interaction with my reader(s). I hope to continue last year's resolution to keep this a Palin-free zone but it's going to be hard. I mean, the bitch is everywhere!
So the new gang is about to get to "work" in Washington D.C. and the first thing everyone is talking about is the vote to raise the debt ceiling. The Ayn Paul Randians are saying that they're going to vote against it, and quite frankly the Republicants have the votes to keep it from happening. The question is, are they really going to do it or are they bluffing?
Truth is, I don't know. If they're bluffing then they are exactly the kinds of people the teabaggers did NOT want in Washington, and it proves that they lied to you and thought you were all idiots. If they go through with it they the biggest fucking idiots on the planet and we have to ask ourselves, Ruthless People style, should we shoot them.
Setting aside the fact that opposing raising the debt ceiling only became an issue after the black man was put in charge (they voted for it 8 times under Little Bush, 8 times under Clinton, 4 Times under Bush the Elder, and 8 times under Reagan so don't tell me that it's anything other than that) we're talking about collapsing the world's economy in a very short period of time.
The entire world's economy is based upon capitalism. Even in the communist countries they have to do trade with the rest of us, so our rules apply on the world stage. And capitalism only work if the money keeps moving. That works on small and large scales. For example, one of the reasons that our economy is stagnating is that people who have money are keeping it - not bringing it back into circulation by creating jobs or paying higher taxes. There's less money in circulation and therefore less to keep things moving. And the difference it takes to take an economy from moving to stagnation isn't very much. Only a few percentage points.
Now if the debt ceiling isn't raised, then as of this morning we only had $400 Billion more in debt we could spend. While that's probably more money than you or I will ever see in our lifetimes in terms of a federal budget that's just under 23 days of operating capital. Hell, the interest on the federal debt alone is greater than $400 billion. The main point is that the government will be unable to incur any further debt just before Valentine's day. The means that no one can borrow from us and we cannot borrow from anyone else. The money stops flowing.
The US economy collapses. So does China's, England's, France's, Mexico's, Japan's… you get the idea.
Look, no one wants to be in debt. We'd very much like to be less in debt. But we're not talking about a budget - we're talking about an economy and you cannot treat them the same. I honestly hope that even the Republicants don't want this to happen - even though they're beholden to people who don't understand that this is the result.
And if they do want it to happen, can we work on passing a constitutional amendment that requires national office holders to understand the difference between a budget and an economy?
Cheap Shots:
The new House rules means that a single Congresscritter, Paul Ryan of Wisconsin, is single-handedly responsible for the budget - and probably destroying another portion of our economy. I expect to be kicking his ass here repeatedly.
Antonin Scalia is a fucktard who thinks he's smart and should lose his job.
Monkeys read Nietzsche, they just don't understand it.
The Beebs gets an apology. I wonder if he even knew about it?
So long to one hell of an actor.
Sad, really. He seemed to be a decent guy.
Scalia should go back to the time when Italian immigrants were used and abused and see how he likes it. Excuse me but "any person" means "ANY PERSON" not "any man".
ReplyDeleteLove the Who dolls.