printThe following is from “Economic Apocalypse Now,” my latest WND.COM column:
“… On reflection, the U.S. Treasury takes in enough loot to pay down the interest on the debt as well as a portion of the principal. Matching federal spending with federal revenue: what a concept! And what a tonic to our moribund economy that would be!
To the soul of the subject: The engorged organisms (Anthony D. Weiner is a sample) that currently control the economy from D.C. can discharge their responsibility to creditors without authorizing more borrowing. To do so, however, they will have to cease their many unconstitutional endeavors and break the promiscuous promises they’ve made to certain voters at the expense of the vassals, out of whose hides these ‘promises’ are carved.
As it stands, Republicans – and a few Democrats, one of whom has even cosponsored an amendment to cap federal spending – have done no more than perform a budgetary Bonnie and Clyde: If Democrats want to continue the heist and run deficits and debts to eternity, they will need to promise – “nudge-nudge, nudge-nudge; know what I mean? know what I mean?” – budget cuts, preferably in the trillions. Or introduce, not necessarily pass, a balanced-budget amendment….”
Read more: “Economic Apocalypse Now.”
My new book, Into the Cannibal’s Pot: Lessons for America from Post-Apartheid South Africa, is now available from Amazon. A Kindle version should be on offer by next week.
UPDATE (June 5): Rand Paul:
“On the Democrat side, we have a proposal to cut about $5 billion to $6 billion for the rest of the year. To put that in perspective, we borrow $4 billion a day. So the other side is offering up cuts equal to one day’s borrowing.…Now, on our side of the aisle, I think we have done more, the cuts are more significant, but they also pale in comparison to the problem. If we were to adopt the president’s approach, we would have a $1.65 trillion deficit in one year. If we were to adopt our approach, we’re going to have a $1.55 trillion deficit in one year. I think both approaches do not significantly alter or delay the crisis that’s coming.…I recently proposed $500 billion in cuts, and when I went home and spoke to the people of my state, spoke to those from the Tea Party, they said $500 billion is not enough. And they’re right. $500 billion is a third of one year’s problem. Up here that’s way too bold, but it’s not even enough.” —Sen. Rand Paul (R-Ky.) on the Senate floor, March 9, 2011
Pay attention to how the same self-anointed policemen of libertarianism—the tinny ideologues who’ve never reflected authentically American libertarianism—have taken it upon themselves to purge Rand Paul.
On the positive side, it seems like Beltway libertarians such as the author of this fair-minded piece have learned from the mistake they made when they reflexively panned Rand’s father, Ron Paul.
Letting politicians of either party have access to our taxes is like turning the Marquis de Sade loose in the “Chicken Ranch” with a cat-o-nine tails and a jar of honey and expecting him to keep his hands in his pockets. It aint gonna happen. However we are stuck with our politicians and their replacements always seem to follow the same pattern. Voters need to raise hell and not stop until sanity starts to rear it’s ugly head in Washington. In other words the American voters need to start a fight and win it. The pols always cater to those voters who pay no taxes. Maybe us tax paying boobs need to start getting louder. We need to drop our 15 minute attention spans and get tough and stay tough for a long time. Maybe last November was a step in the right direction. I certainly hope so.
Dear Ms. Mercer,
Re: Your article Economic Apocalypse Now.
Your reference to Rep. Weiner/Wiener exemplifies congress’s vernacular(MW 1b) servicing of the public.
Government doesn’t care about the public; it only cares about government! Government manages only wealth from minerals to your legal existence as a corporation. The lithotomic public’s perception is funneled toward a deceptive confidence in the legitimacy of the government’s control of any wealth.
Most humans, upwards of 84% (based on IQ), succumb to gullibility as a substitute for thought. Inclusion in the Dark Triad is not restricted; of the reasoning, 16% remaining, a dangerous few will qualify for membership.
Google the internet for tests indicating tendencies toward Narcissism and Psychopathy. Many politicians and government administrators in “upper” management will likely score a minimal “BE AFRAID” in one or both categories. Add a MACH IV test to the Blaberus Fusca in the White House and that score may elevate to “RUN AWAY!”
Have a nice day.
2010 election was an aberration. Vast numbers of Prez-year only sheeple didn’t turn out. They will in 2012. Too bad. For a fact, this country is well past the State Socialist tipping point: the clear majority of the electorate is receiving some kind of debt-financed gov’t check: group entitlement, job, contract, etc. They will insist on receiving same to the bitter end. To which we will proceed after Obama poses yet again and Boner sobs some more.
You know that old saw: The trouble with socialism is that sooner or later you run out of other peoples money. Our dear leaders ran through our money decades ago, and they graciously allow us to borrow more we don’t have. They are so gracious about it, they don’t even trouble to ask us anymore, they just print it. And now they even have the gall to tell us to our faces that they have to keep printing it so we don’t go bankrupt, so the world doesn’t end on October 1st (or the 21st depending on your source of information).
The lying, the hypocrisy, the treason coming out of the Regime and most of the congress is so blatant anymore that they don’t even bother to pretend to be sincere. They lie in our faces and they know that we know, and they don’t care. This is tyranny, it is treason, it is arrogance beyond belief. And half this country thinks it’s okay.
I’m afraid what is really needed is a four million man march on Washington, but the result of that, too, is a scary prospect. Very discouraging.
Dear Ilana,
I wonder how bad things really would be were it not for WND getting as much
truth out as possible?
Based on what I have read regarding the financial morass the useful idiots
in the district of criminals have gotten us into since the 1960s (with so
many willing accomplices and un-indicted co-conspirators in the voting
public re-electing basically communists and marxists), I can only conclude
that destruction of America via the financial method is the plan and goal.
With very few exceptions, it appears that congress is hell-bent on turning
this Nation into another attempt at the worker’s paradise, with them as the
Politburo, of course. There can be no other conclusion. There cannot be 535
legally insane or mentally retarded members of congress (ok, maybe 535
ignorant baboons and useful idiots) that are just “spanking their monkeys”
while (choose your fav cliche here: “Rome burns, the Titanic sinks, sh*t
hits the fan…etc.”), and the American economy implodes leaving all
Americans as serfs and slaves to the ruling elite.
No! This has to be planned, and far too many clueless freshman
congresspeople have been compromised by failing to understand what the
clubs in SE DC really are. Also, any political party that is against voters
showing a photo ID at the polls is a party of treason. Any political party
that gives the appearance of being too stupid to figure the previous
sentence out is also treasonous. Lots and lots of people in the district of
criminals need to be doing HARD time at Ft. Leavenworth, Kansas…forever.
Do I have any faith whatsoever that the republistoopids will find a spine
and stick it to the communists, oops, democrats? Only if God finally
decides to put boot to behind. But as the other old cliche goes (from
Pogo), “we done met the enemy, and he be us”, because too many people that
live in America, but don’t deserve to, have voted for these parasites now
actively working at kabuki theatre in the district of criminals.
Debtmageddon is a clash between 2 partisan political parties:
DEMOCRATS who “honestly” defend and expand big government and represent constituencies mostly interested in large government .. vs.
REPUBLICANS who hypocritically expand big government when they are in power but posture against big government when the Democrats are in power.
But after the posturing, there is little substantive on the table. Neither party is willing to raise taxes on the “non-rich” (for example, taking away the extra “senior” tax deduction which could be applied against their social security) and neither is willing to talk of cuts in spending beyond minor trivial stuff like National Public Radio.
This will probably resound against the Republicans because in the name of fighting “government mess”, they will start to create financial uncertainties in the midst of a long, deep recession – ironically demonstrating how bad large debt really is…