This Is How We Reach Our Detroit Destiny


According to Politico.com, this time the conservatives are about to start a financial crisis:

“The prevailing view: When Congress returns in September, sabers will be rattled and threats will be hurled. But then, as usual, Washington will grind out a crummy deal that keeps the federal lights on and avoids a disastrous default.”

Not true this time:

“The House GOP is hopelessly fractured on spending strategy. Senate Republicans who might otherwise broker a deal face primary challenges that make compromise potentially deadly. Other Senate Republicans are jockeying for 2016. And congressional Democrats have no appetite for any bargain — grand or otherwise — that cuts entitlement spending.”

The story says many other things. My hunch is that most of it is merely designed to scare Republicans into caving on the issues. But let’s look at that sentence again: “… Washington will grind out a crummy deal that keeps the federal lights on and avoids a disastrous default.” That is misinformation. Change one word and we get much closer to the best hope Politico.com holds out for us: “… Washington will grind out a crummy deal that keeps the federal lights on and DELAYS a disastrous default.”

The constant scaremongering is simultaneously a form of anesthesia to reality. In Politico’s story, the only real threat is that Republicans might start a crisis or hurt the economy if they try to force the Democrats to make spending cuts. The fact that we are headed for a huge financial crisis that everyone should want to avoid is not even mentioned.

And, of course, RINO Republicans are happy to lend a hand:

“Former GOP presidential nominee Mitt Romney grew so concerned over rhetoric from Rubio, Cruz and others that he used his first significant post-2012 speech to urge Republicans to back down from the government shutdown rhetoric. ‘We need to exercise great care about any talk of shutting down government,’ Romney said at a fundraiser in New Hampshire on Aug. 6. ‘What would come next when soldiers aren’t paid, when seniors fear for their Medicare and Social Security, and when the FBI is off-duty?’”

The rhetoric about shutting down the government may or may not be wise. (Though, if we really would put the FBI off-duty, then I think the option is attractive, not frightening.) But Romney isn’t acknowledging the real question. The real question is “What would come next when soldiers aren’t paid, when seniors fear for their Medicare and Social Security” because we’ve provoked a full blown financial crisis by continued debt-fueled spending? Romney, like the Politico writers, and like the media in general, assumes there is no looming financial disaster that is threatening to engulf the United States and the world.

Politico.com dives into the big lie head first: “Should Washington grind to a halt this fall, it would come once again as the economy is on the cusp of a period of stronger growth.” What total insanity. Our “growth” is simply the result of the Federal Reserve pumping new dollars into the country. It doesn’t add up to anything. It certainly is never going to produce real growth.

Real growth will come with deregulation and a removal of the fear of financial catastrophe. A bankrupt government that has no means of survival other than the magic of printing money is the real drain on the economy. But the Democrats, the media, and many Republicans are closing their eyes to the real danger.

And they are pretending that anyone who wants to stop the coming collapse is a threat to the economy.







Comments

comments

Posted in Debt, Economy Tagged with: , , , ,
  • Mr Bob

    The real question is “What would come next when soldiers aren’t paid, when seniors fear for their Medicare and Social Security” because we’ve provoked a full blown financial crisis by continued debt-fueled spending? That question is easy to answer. Teapublicians would be held responsible & would face the wrath of the American people

    • Evermyrtle

      When pu Social Security and you medicare is gone what will you do boobie?? Or are you one of those young things that knows not what is going and always crowing like a rooster

      • Mr Bob

        Social Security and medicare will not effect me or my children as it does middle class working Americans. You’re not naïve enough to believe the GOP will protect them are you?

      • RON G

        Thank you Evermyrtle.

      • Evermyrtle

        You are more than welcome, Ron. Speaking the truth against the anti-GOD and the anti-America evils on these sites is such a privilege, such a reward, especially when I get to speak the truth of our GOD AND HIS SON THE LORD JESUS CHRIST. GOD BLESS YOU!!

    • Mark

      Actually, Mr Bob, your question isn’t half-bad. However, you can’t soley blame the Republicans for continued debt-fueled spending.

      The Democrats have the car in “D”, heading toward the cliff with the accelerator pushed to the floor. The Republicans aren’t far behind; when they drive the car’s in 4th gear.

      There is an inevitable crisis coming due to the past 30 years of deficit spending by BOTH parties. And there simply isn’t enough money to bail us out. We float more and more of out debt on 10-year and shorter bonds, because the interest rate is low. Over the last three months, the yield on the 10-year note has risen from 1.70% to 2.70%, a rise of nearly 60%. That translates into additional debt servicing revenues out the door.

      Get ready folks, it is coming, only no one can say when.

      • Sharon Jeanguenat

        You’re right, Mark. The Dems blame the Tea Party, which has only been around a few years, so they AND the Repubs have to tote the blame. And, what most liberals haven’t figured out yet, is, that they are going to suffer the consequences too, only it’s going to hit them harder than we of the Tea Party conservatives, because we are used to doing without things. If I lose my SS check, I have family that will do their best to help me. But the majority of the liberals, & the RINOs have no idea of what to do if the government isn’t handing it to them. When it hits, food stamps will be no more, welfare will be no more, (& Dems can take credit for the food stamp program & welfare, since THEY started it), & all the other entitlement programs will bite the dust too. It’s just sad that the money we’ve worked for, & paid into the system will be gone just like the free stuff.

      • Mr Bob

        2.7% is still cheap money & we’re NEVER going to run out of money as long as we can still print it! The ramifications of defaulting on our debt are MUCH more severe!

      • Mr Bob

        Sharon Jeanguenat you’re a REAL teapublician! Complaining about government services while getting SS & Medicare

      • RON G

        Sharon has an excellent reply to your excellent comment. Some liberals that have never worked don’t realize that people who work for a living pay into their SS and medicare every pay period. They always threaten to take that away. It would be no different then our taking way their stocks & bonds or their savings account. They haven’t paid into that have they?

      • Evermyrtle

        How I miss not being able to vote on some of these wonderful posts.

    • lilolady

      Or perhaps the unpaid servicemen/women and the old folks on Medicare would simply sharpen their pitchforks and battle axes and head for their nearest elected official’s office and then head for City Hall and the State Capitol. Word might eventually reach the White House and Congress, before the angry masses do.

  • Mr Bob

    Fortunately I won’t have to depend on Social Security and/or Medicare as many middle class working people will but you cannot be naïve enough to believe the GOP will protect them are you?

  • Silas DoGood

    ANOTHER EXAMPLE OF LIBERALISM IN AMERICA. THIS GUY IS A GREAT EXAMPLE OF OBAMA, PELOSI AND HILDABEST POLITICS!!!

    San Diego beach bum Jason Greenslate has a front-row seat watching your tax dollars at work…mainly because that’s about all that’s breaking a sweat in his world.
    His schedule?

    “Wake up, go down to the beach, hang out with my friends, hit on some chicks, start drinking,” Greenslate told John Roberts of Fox News for “The Great Food Stamp Binge” special Friday.

    Though he attended college and trained as a recording engineer, Greenslate prefers bunking rent-free in dwellings of his friends, family, and occasionally girlfriends, not holding a steady job, and jamming on some tunes while barbequing lobster and noshing on sushi “all paid for by our wonderful tax dollars.”

    Greenslate, 29, gets $200 monthly from the Supplemental Nutrition Assistance Program (a.k.a. SNAP).

    With food stamp participation having increased at an annual rate of roughly 13 percent since 2008—costing taxpayers nearly $80 million last year, Red Alert Politics said—the likes of Greenslate aren’t anomalies

    In 2012, Fox News reported that 30,000 college students in Wisconsin and Michigan were enrolled in SNAP and people were selling their benefits on Facebook. Additionally, a 2010 Government Accountability Office report noted that “the amount of SNAP benefits paid in error is substantial, totaling about $2.2 billion in 2009.” Immigrant food stamp recipients were recently caught sending food back to underprivileged family members in other countries as well.

    SNAP enrollment has become easier over the years, with recipients like Greenslate only needing to provide a “birth certificate and Social Security card and fill out a form once a year,” according to Fox News. And the appeal of that “free food” and hassle-free enrollment has likely contributed to a record number of American households signing up.

    “This is the way I live and I don’t see anything changing,” Greenslate told Roberts. “Why would it be bad in any way? It’s free food. It’s awesome.”

    • lilolady

      Sounds like he has a case of the 60′s. Hippies shared information on dumpster diving and collecting unfinished food from restaurant’s garbage. The sense of hunting for food and dining well without having to kill, skin, and cook it must be a powerful incentive.

    • Mr Bob

      I caught that segment on Fox about the surfer getting $200 a month on food stamps. They seemed to make a big deal over what he was eating (lobster and sushi) which I didn’t understand. You get $200 a month for food & you can buy whatever kind of food you want. Is Fox suggesting that people on food stamps can only buy certain kinds of food (that don’t seem so uppity)? Food stamps are really corporate welfare! What ends up happening is that because the government comes in and supplements egregiously low wages with benefits like food stamps, the companies don’t have to pay living wages. So in effect, your tax money is being used to support corporate margins. Even better, many of these folks who get the food stamp benefits then turn around and spend them at the very companies which refuse to pay them decent wages. Who benefits? CEOs and shareholders. Who loses? Society.

      • Louis Lanier

        You must be living in a parallel universe like so many left wingers do. What’s ruining us is the support and give aways to the people who have never paid into the system. The surfer could sure as hell work, but chooses not to. I for one am sick if stoners who do nothing but whine about rich people and do nothing but sit on their ass. By the way, what shall we replace out free enterprise system with, soviet style communism? How did that work out?

    • chamuiel

      Maybe that is Mrs Bob, BobE, BoobE

  • LarryPierson

    I see the end of the Republican Party at hand. The Tea Party will probably join up with an established 3rd candidate party such as the Constitution Party to replace the GOP. As they espouse strong fiscal views much of business will line up with them.

  • James DeHart

    The death of the Republican Party, as run by Rence Priebus and John Boehner, will be in America’s favor. Cry not, for from the ashes the Phoenix will rise. A leader on his white steed will soon emerge, but only after the death of the Republican Party.