Framing the Dialogue

Update -Wimpy Washington Economics

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guaranteed to blow your head apart

Rest assured you’ll get your money’s worth

Guaranteed to blow your head apart

– – Emerson, Lake and Palmer (edited)

Now that another “stimulus” has passed Congress and Obama has signed both political parties are, on the surface, claiming victory.  I guess they have won at the cost of our country’s future.  The Democrats got the ability to spend more money, the Republicans avoided raising taxes, and Obama gets to put all this behind him until way after the 2012 presidential elections.  I, however, feel as though they have “just pissed on my leg and told me it was raining.”  Here’s the deal in a nutshell as I see it:

  • The debt ceiling gets raised around $2,000,000,000,000.00 (that’s 2 TRILLION DOLLARS)
    • Translation:  Obama and Congress (both Republicans and Democrats) get to borrow an additional $2 trillion to spend over the next 16 months in addition to the trillions they are already spending.
    • Translation:  The Washington spending issue disappears for both side during the next election cycle.  Neither side wants America to see their paying for votes.
  • They will cut spending around $2 trillion over the next ten years.
    • Translation:  This gives them plenty of time to either retire, come up with shifty accounting to show “cuts”, and kick the can down the road.
    • Translation:  The Republicans can pretend to look strong to the TEA Party folks about all the cuts.
    • Translation:  The Democrats can wink and nod at the left and whisper that there will be no cuts.
    • Translation:  Obama’s chances of being elected have just gotten way better.
  • A super committee comprised of an equal number from each party will decide where to cut.
    • Translation:  Secret back-room deals.
    • Translation:  The Republicans will select RINOs and the Democrats will select whiners both sides seeking plenty of microphone time.  God help us but you know that snivelling fool Chuckie Shummer will be selected. 
    • Translation:  Obama gets to keep his hands clean and can take credit, place blame, or just whine about the deadlock. 
    • Translation:  A future Congress can simply change the law hoping that we forget.
  • There must be a vote on a Balanced Budget Amendment.
    • Tricks to look for:  It will pass, but not take effect for a decade when most of these folks are counting their gold (they wouldn’t invest in the dollar that they have destroyed).
    • Tricks to look for:  Obama will veto it picking out some provision that is racist, unfair, favors the rich, or some other of his pandering rhetoric.  Congress will not have to take it up again as they will have fulfilled their obligation.
    • Tricks to look for:  The legislation will be loaded up with so much crap that even conservative Republicans won’t support it. Yes there are still a few conservative Republicans.

Maybe someone can try to convince me that this is a good deal.  It just doesn’t look that great from my living room!

Guaranteed to blow your head apart

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