Monday, December 6, 2010

There Goes The Deficit - AGAIN

So, our beloved Trophy President has announced a deal. Republicans get their politically stupid tax break for the wealthy for two years, while democrats get an extension for unemployment benefits at Christmas.

In the midst of the greatest national debt crisis of all time, the wealthy have bought themselves a free pass to be draft-dodgers. And I sincerely mean draft-dodgers, because in time of greatest national need, they abandoned their country -- and campaigned tooth-and-toenail to do it! These, who have bitched and moaned about liberals who dodged the draft over a war which didn't matter have now dodged the ultimate draft -- and it could cost everyone, worldwide.

How dire is the financial jeopardy that the rich have put us in? Let me outline it: We're $14 trillion in debt. If our debt crosses $17 trillion, our interest payments will engulf ALL remaining discretionary spending. You see, only little more than 30% of all government spending is cuttable. The rest are locked up in what are known as "entitlements." Social Security, Medicare, and others. Of that mere 30% left over, half of that is locked into the wars in Iraq and Afghanistan. That's not going to be cut anytime soon. Think any of the remaining 15% is going to be cut soon with a newer, more Republican congress? Guess again.

In other words, now that we're only $3 trillion away from losing the dollar, we've decided to cut taxes and increase spending -- EXACTLY the shit that got us into this mess in the first place! Apparently, hyper-inflating the deficit is the only thing politicians are any good at.

It's official: Republicans don't dive a damn about the deficit.

If we were at all smart about our finances, we would have compromised the other way around: cutting spending while increasing tax revenues. But that would mean cuts to unemployment benefits at Christmas, and our Trophy President is too smart for that.

So he did what he's always done - play the best card out of a bad hand. More than any president before him, he's been given a series of impossible situations to work with -- and I'm not just talking the economy, two wars, and a near lynch-mob with the Tea Party. He's been given a congress that is stocked with inflexibly polarized Republicans and absolutely spineless Democrats. And with this piss-poor adobe brick, we somehow expect him to build a cathedral!

Yet a glimmer of hope remains. As has been pointed out before, standing inflexibly strong in favor of tax breaks for the rich is one of the dumbest moves possible for any politician. Hell, one might as well stand in defense of pedophiles and the KKK, for all the political good it does. What this compromise deal has done is make this the central issue in 2012. Our president has said, "Okay, you want tax breaks for the rich? Go campaign on it!"

If Republicans are so silly as to fall for this deal, and put the dollar, and by extension all of us, in jeopardy, then they'll be putting their heads right into the guillotine. I haven't always been spot-on with my predictions, but you just watch this one.

Eric

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