posted on Jul, 25 2011 @ 09:49 PM
I almost hate to say it, but perhaps an economic crash is the only remedy for this terminal state of affairs. What I see going on right now is
preposterous. In a nutshell, Obama is waiting until the last minute and will promptly blackmail congress and the American public to accept the debt
ceiling hike. It happened in '08 with the bailout program, so why not up the stakes again? What I see coming down the pipe is the American Austerity
program in sheeps clothing. If they do raise the debt ceiling to nearly $17T and raise tax revenue $600B/yr, doesn't that magic math indicate a
financial catastrophe? I mean, a $4T deficit reduction over 10 years is $400B/yr chunk, and with our economy in a shambles, how can this even be on
the table now? Can we afford to be responsible for nearly $60,000 for every man, woman, and child here? Especially when the avg annual wage is below
We see the Dems blaming the Repubs, and the Repubs blaming the Dems, but when the smoke clears, it is the taxpayers blaming the banks and
internationalists (and politicians). Yet for some reason we always blame the other side, as I'm sure the banks and internationalists are blaming the
taxpayer for not paying enough. Clinton was a Dem and many claim he balanced the budget, but this also had a great deal to do with him butchering the
Glass-Steagal act and letting the banks run wild (dot-com bubble). Bush had his hand in it with tax breaks and credits for the rich, as well as
warmongering along with Cheney. So I don't buy into the Republicrat paradigm. It's a capitalist regime no matter what nametag they wear.
But as I've been told before, if you point the finger at someone, you're pointing 3 at yourself.