Sunday, June 24, 2012
Hang 'em
Hang ‘em (12/7/2011)
Americans tend to bury their heads in the sand when it comes to government. Sadly a majority cannot name the Vice President, and certainly not the Secretary of State or the Speaker of the House. Thus, this is the reason for referring to “sheeple” or “zombies” to stereotype the average citizen. It seems the career politicians understand this and manipulate the masses for their own gain. The latest failure of the ruling-elite is to come up with budget cuts for the next ten years. The proposed method of manipulation to make this happen was so appalling every member of the House and Senate should be publicly hung for treason against the people.
Over the last years, under Obama and prior to the Republicans winning the House majority, Congress has failed to submit a budget. This year with new leadership the Republican majority made a valiant attempt but was blocked by Democrats in the Senate from approving the budget. The new “super-committee” was created to break through the deadlock and find $1 trillion in cuts. What is more important to note was they were tasked with finding $1 trillion in savings over 10 years, starting in 2013. A simple task, right? $1 trillion over 10 years works out to $100 billion per year and the current budget is approximately $3.7 trillion in expenditures (outlays) and $2.6 trillion in revenues (incomes=taxes). A $100 billion cut per year is 2.7% of the total expenditures. Sadly, these ass-clowns running our country could not come to an agreement, but why should they? There are no consequences!
Similarly, on November 18, 2011 Congress had a chance once again to demonstrate the interests of the country and the people were more important than their bipartisan bickering. Voting primarily along party lines the proposal for an amendment to the constitution failed to pass. Currently 49 states have some type of balanced budget amendment. Interestingly, the federal government has only balanced the budget six times in the last 50 years, four times while Bill Clinton was president.
It is easy to ignore the actions of Congress as most people yawn over politics and turn on a Sunday afternoon football game. However, this past week the Federal debt hit a post WW2 high of debt to GDP (Total Debt/Total GDP) equal to 99.5%. In the next two weeks that number will move to triple digits and will not stop increasing. Interest rates are artificially low and any crisis remotely similar to Europe will drive the cost of treasury bonds higher therefore adding to debt faster. At the same time an economic malaise engulfs the country and GDP based on the consumerism of the threatened American shopper is likely to remain relatively flat. Congress is the only entity to change the course of America right now and it must make tough decisions to rein in spending. Arguments are taking place over taxes, but spending is the first, and easiest, place to cut. For instance: foreign aid, arts, museums, the Department of Interior, Department of Education, Department of Energy, and closing military bases overseas.
The ass-clowns running Congress want to ensure they have a luxurious lifestyle based on a taxpayer funded income and pension for life instead of making tough decisions best for future generations. I assert today’s Congress is committing treason as they have become the domestic enemies of our country by willfully and knowingly harming our credit rating, impairing national security through reckless spending, and stealing the wealth of future generations.
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