First of all….nope….not a porn movie…….Foggy Bottom was the original name of the tract of land that Washington D.C. sits on today….
Next, this new “deal” that the two parties and their Tea Party alternates have come up with is NO compromise……the math does not add up…….second, explain to me and the world how gutting government will induce massive prosperity……..third, you realize that the so-called caps are BS, right? There is NOTHING in the deal that requires or mandates future Congresses uphold the caps…..it is just a way to get attention and to do nothing while appearing to do a lot…….
Prof. Micheal Hudson was said….
“You know that the debt kerfuffle is as staged as melodramatically as a World Wrestling Federation exhibition…. The reality, of course, is that [the eldery] are being led to economic slaughter…
It is a con. Mr. Obama has come to bury Social Security, Medicare and Medicaid, not to save them…
When governments are run by the rich, it is called oligarchy… we are seeing a lapse back into neo-feudalism. The difference, of course, is that this time around society is not controlled by military grabbers of the land. Finance today achieves what military force did in times past. Instead of being tied to the land as under feudalism, families today may live wherever they want – as long as they take on a lifetime of debt to pay the mortgage on whatever home they buy.
And instead of society paying land rent and tribute to conquerors, we pay the bankers. Just as access to the land was a precondition for families to feed themselves under feudalism, one needs access to credit, to water, medical care, pensions or Social Security and other basic needs today – and must pay interest, fees and monopoly rent to the neo-feudal oligarchy that is now making its deft move from the United States to Ireland and Greece.
The U.S. Government has spent $13 trillion in financial bailouts since Lehman Bros. failed in September 2008. But Mr. Obama warns that thirty years from now, the Social Security fund may run a $1 trillion deficit. It is to ward it off that he urges dismantling the plans for such payments now. It seems that the $13 trillion used up all the money the government really has. The banks and Wall Street firms have taken the money and run. There is not enough to pay for Social Security, Medicare or other social spending…
The exercise turns out to be a not-so-divine comedy. Mr. Obama offers a plan that looks very Republican. But the Republicans say no. There is an illusion of a real fight…
The Obama administration is now deep into its Orwellian rhetorical phase…
Wall Street knows that to get sufficient Congressional votes to roll back the New Deal, Social Security, Medicare and Medicaid, a Democratic president needs to be in office. A Democratic Congress would block any Republican president trying to make the kind of cuts that Mr. Obama is sponsoring. But Congressional Democratic opposition is paralyzed when President Obama himself – the liberal president par excellence… – acts as cheerleader for cutting back entitlements and other social spending.” [read full report]
Sadly, I see a group of people in Washington, I refuse to call them representatives, because they are not representing anyone but themselves, that would allow the country to self-destruct to get their way……….Obama is doing as much if not more harm than the Repubs could ever come up with in their narrow minded thought process……
The American people have a better grasp on where the country needs to spend and where it needs to cut……this from a recent survey…….
Full report(PDF)
American Public Shows How it Would Cut the Budget Deficit
The biggest difference in spending is that the public favored deep cuts in defense spending, while the administration and the House propose modest increases. However, the public also favored more spending on job training, education, and pollution control than did either the administration or the House. On average the public made a net reduction of $146 billion–far more than either the administration or the House called for.The public also showed readiness to increase taxes by an average of $292 billion–again, far more than either the administration or the House.
On average, the public cut defense spending by 18%, reducing it by $109 billion. By contrast, the president’s proposal increases defense spending by 4% and the House calls for increasing it 2%. For intelligence agencies the public cut 15%, while the administration says the agencies would grow, though at a slower pace.
The most dramatic differences were for job training and higher education. The public increased job training a whopping 130%, while the House cut it by a stark 47%. The administration nicked it 3%. For higher education, the House cut it 26%, the administration increased it 9% and the public increased it 92%.
Read the full report and see just how outta touch Washington is….and then keep that in mind when they want your vote next year……
At least it shows that the American people have a better grasp of basic economics than do the wankers in Washington that we elected to run the country……shows we need to pay better attention next time around…….
The American political system as it is today makes me desire a cleansing shower……..I feel dirty!
