Guest Post: The Show Must Go On

Tyler Durden's picture

Submitted by Jim Quinn of The Burning Platform

The Show Must Go On

The Debt Ceiling Reality Show is winding down to its dramatic
conclusion on August 2. I think Fox should capitalize on the drama by
gathering the American Idol judges to vote on the best performance by a
political hack. We can have Ryan Seacrest announce on August 1 at 11:55
pm that the winner is – THE WALL STREET MONIED INTERESTS.

 

The latest round of kabuki theatre performed by the corrupt lying
thieves in Washington DC is being played out every night on the MSM. The
volume of misinformation, lies, exaggerations, posturing, and
propaganda is staggering. These vile excuses for leaders know that 80%
of the American population wouldn’t know the difference between a debt
ceiling and a drop ceiling. They use this ignorance to their advantage,
as Obama warns that old people won’t get their social security checks
and government drones won’t be paid. 

According to Gallup, Republicans and Independents don’t want the debt
ceiling raised. The poll also indicates that at least one third of
Americans don’t care. They are too outraged by the Casey Anthony verdict
to focus on the economic future of our country.

Debt Ceiling Poll

I’ll let you in on a secret. The debt ceiling will be raised. Sorry
to ruin the surprise, but this entire sordid episode has nothing to do
with our dire economic situation. It is solely about the 2012 elections.
Both parties are conducting overnight polling on which talking points
are working best in convincing the sheeple that their party is less
likely to be blamed. Posturing and polling are what passes for
leadership in America. It is a disgusting display and will contribute to
the ultimate collapse that is headed our way like a Japanese Bullet
Train.

Here is a summary of where we stand according to the MSM and the political class in Washington DC:

  • The supposedly grand compromise that would have “cut” $4 trillion
    from future deficits fell apart last week. The Democarats wouldn’t “cut”
    entitlements and the Republicans wouldn’t “raise” taxes.
  • The latest proposal was down to $2 trillion of future “cuts”, but neither side would agree to what and when.
  • Now in the ultimate Washington kick the can move, Mitch “Turtle
    Face” McConnell has proposed that Obama increase the debt limit in three
    stages, while requiring him to propose offsetting spending cuts,
    offering a potential path out of the impasse. Harry Reid loves the idea.
    I’m sure that gives you a nice warm feeling, like piss running down
    your leg.

This “solution” cuts nothing. Neither party wants to get blamed for
shutting down the government. The Republicans blinked first. Honor,
truth, and reality based solutions are non-existent in Washington DC.
Weasels can never be trusted around the chicken coop.

The humorous part of this whole disgusting episode is that the $2
trillion or $4 trillion of supposed cuts in spending were not cuts at
all. They were nothing but lower increases in future spending. They
didn’t cut the national debt. Neither party has come close to presenting
a plan to cut the national debt. Mike Shedlock presented a comparison
of Obama’s ten year budget versus Paul Ryan’s ten year budget back in
April. Take a a gander:

  

Even using ridiculously optimistic assumptions like interest rates
staying low, no new wars, ending existing wars, no recessions, and no
new programs, both of the corrupt political parties show ongoing
deficits of $500 billion to $1 trillion per year forever. Does that
sound like cuts in spending? The proposed reductions in spending
increases are like pissing in the Atlantic Ocean of debt.

And here is where the rubber meets the road. Both the Democrat and
Republican budget plans insure economic collapse within the next ten
years. Again, using ridiculously optimistic assumptions, our National
Debt would rise from $14.3 trillion today to between $23 and $26
trillion in ten years. Does that sound like cuts in spending to you?

Luckily, we’ll never reach those levels. We will hit $20 trillion in
debt by 2015. That is a lock. Total Federal government revenue today is
$2.175 trillion. We spend approximately $1 trillion per year on our
military related adventures, or 46% of our total revenue. If interest
rates are 5% in 2015, we will spend $1 trillion on interest. If rates
are 10%, we will spend $2 trillion on interest. 

Do you get the picture? An unsustainable trend will not be sustained.
We have two choices. We can proactively address the problem or just
wait for the collapse of our economic system. This debt ceiling reality
show is all the proof I need. Our leaders will choose to wait. It won’t
be long.

Since no one in Washington DC can be depended upon to do the right
thing, the only solution is to pass a Balanced Budget Amendment to the
Constitution. Special interests across the land would mobilize all their
forces to fight this idea. Deficit spending of $1.5 trillion per year
enriches bankers, bomb makers, the AARP, mega-corporations, chain
stores, restaurants, insurance companies, drug makers, etc. They will
fight for their right to suck the country dry.

No matter how you cut it, H.L. Mencken understood our form of governing: