I wrote this up last night, it seems things have changed and the plan is basically a shoe in now. It is going to pass, and it is going to prolong and
deepen our suffering. It isn't going to work, and we are all encumbering our children for several more generations. I am ashamed. I have to look my
4 year old and 3 year old in the face and apologize for mortgaging their futures to get a little temporary relief from this economic nightmare.
Instead of fixing this ourselves, our elected leaders are voting to prolong this, deepen it, and leave it for our kids and grandkids to cleanup. They
won't be able to clean it up, because even this generation is too comfort and technology dependent to know how to cut back and scrimp a little.
Imagine how difficult it will be for the next generation when they are faced with similar circumstances, snowballed to a greater degree, and they have
even less survival skills than we do.
Today we murdered the future of our children with this compromise. I am saddened and disgusted, and I know it isn't just the government, we all had a
part to play.
Here is the thread I wrote up last night, but this morning, it seems even worse than it did before I went to bed last night.
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This debt ceiling, spending/budget cut, and tax argument is ridiculous, and it is getting worse by the minute. This new bill is monstrous, has no
teeth, has pretty good support, and won't do a dam thing to help! Here are my favorite parts from the article:
The Congressional Budget Office has forecast that over the next 10 years defense spending will grow at an average rate of 2.3 percent a year,
while Medicare will grow by nearly 7 percent a year, Medicaid by 9 percent a year and Social Security by nearly 6 percent a year.
This is unsustainable!
We cannot allow programs to grow by 6, 7, and 9 percent per year, and we cannot continue to allow the military
spending to grow! These wars are supposed to be winding down and coming home, there is no justification for increases in spending!! This spending is
outrageous and should be stopped at all costs!
Even if all the Progressives and all Tea Party members were to vote ‘no,’ the opponents of the plan would still need to persuade 84 more House
members to join with them in opposition in order to defeat the proposal.
In other words. This giant bill, that nobody has read yet, and will only get a quick "briefing" today, will probably pass by all the middle of the
road entrenched politicians. How odd a situation when the Right Wing Radical Tea Party, and the Left Wing Radical Progressives are the only ones
making any sense these days? How bad is government when the extremists are the voice of reason?
If the borrowing limit is reached, Geithner has said, the government will be forced to make a 40 percent cut in outlays. Geithner has been
unwilling to discuss in public how the Treasury would manage its cash if it exhausts its borrowing ability.
But Bloomberg News reported Friday that the Treasury would give priority to making interest payments to holders of Treasury bonds if lawmakers
fail to reach an agreement to raise the debt ceiling.
What the hell? Really? The Treasury will give priority to interest payment to holders of Treasury Bonds? Instead of......I don't know.....paying
people their Social Security and paying Soldiers for risking their lives at war!!! Seriously? This should ignite every American in the Country! If
our Government truly sees interest payments as a priority in a limited funds scenario, instead of social programs, earned benefits from Social
Security, and MILITARY PAYROLL, then the government is completely corrupt, out of touch, and criminal in nature!
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If our elected "radicals" in the Tea Party, and the Progressive movements can hold the line, we will all suffer a little bit of immediate shock and
pain, and we will all have to make some temporary sacrifices, but as long as the government uses its head and pays the real priorities
, then we
can still recover from this economic nightmare. At this moment in time, we can still save the country, retain the current government, and fix this
crisis through our normal economic and political means.
On the other hand, if these so-called radicals lose out to the entrenched politicians, and they allow programs to grow at the pace of 6-9% per year,
then we are doomed. The future will be so encumbered that no amount of economic growth can save it, and we will be leaving this fight to our children
and grand-children, and they will be even less equipped to deal with it than we are. In a couple of generations, people will be so technology
dependent, that an economic crash will result in enormous peril and chaos. Our children and grand-children will not be able to fix this.
Or if the radicals win, but the Treasury decides to prioritize foreign investors and giant banks over its own citizens, then it is proof that this
current government is entirely out of control, and it must be replaced. Impeachment or worse. A government that chooses to pay giant corporations,
banking conglomerates, and foreign investors instead of taking care of its own people is not a government at all!
Earlier Discussion here. Missed it on first search.
edit on 1-8-2011 by
getreadyalready because: (no reason given)