On The Money;
Economics for the 99%
Soaring Over the Fiscal Cliff
Here we go again. Last year we hit “the debt ceiling” this year we go over “the fiscal cliff”. It’s like Congress has devolved into a game of Super Mario Cart, and any minute we’re going to slip on that banana peel called “entitlement reform” and go careening out-of-control. It’s ridiculous. There’s no cliff, there’s no ceiling and there’s no such thing as “the debt crisis”.
Don’t get me wrong. We have crisis. We have plenty of real crises that demand our immediate attention. Here’s a short list:
Global Climate Change
Global Ecosystem collapse
Loss of Biological Diversity
Loss of Cultural Diversity
Out-of-Control Health Care Costs
Call me when you get a handle on those, will ya. I mean, if you got nothing better to do, put your attention where it might do some good.
Seriously folks, we didn’t mind sailing right past the tipping point on global warming. We barely blinked when human population surpassed 7 billion, and over a hundred species of living creature disappear off of the face of the Earth every single day without any acknowledgment whatsoever.
It’s not like these crises don’t have real implications for us, our future, and our kids future. Life will get harder. The crises they face will be greater. Their standard of living will suffer and we will leave them a much less beautiful and more poisonous world.
And it’s not like things are so much better for us because we ignore these real crisis. Wages continue to decline, housing costs continue to rise, and health-care costs go through the roof because how we live makes us sick. We’re already killing ourselves, to kill the planet to make the greediest one-tenth of 1% of our population even more obscenely rich, but that doesn’t bother us. No, the real crisis, they expect us to believe, is that someday… someday, China might not loan the Federal Government enough money to fight another stupidly adventurous, unpopular foreign war, unless we chop what’s left of our social safety net, to bits, now. Either that, or we could tax the rich, but that seems to be a non-starter, unless we cut the safety net too.
Either way, Congress set a deadline, and unless we meet that deadline, a lot of people will lose their jobs, a lot of people will lose their benefits, and everyone else’s taxes will go up, and since none of those people are congress-people, there’s not much chance that Congress will meet that deadline.
Obama can put together a “Grand Bargain”. Watch out for this “Grand Bargain”, where the rich pay a little bit more in taxes, they stick an apple in the mouth of the middle-class, and the poor and the young take a spit up the ass.
It’ll be just like Obamacare. It’ll take a complete ripoff, and make it mandatory. Obamacare didn’t reign in health-care costs, Obamacare just fed the healthy and the young to the insurance industry sharks. When politicians talk about serving the American people, that’s what they mean. Politicians serve us to the 1% for dinner, and that’s what this imaginary “fiscal cliff” is all about.
So forget about it. Forget about the “fiscal cliff”. Do you own any Treasury bonds? Then what are you worried about. If someone is buying you drinks, what do you care about their credit rating, and if they’re not buying you drinks, why hang out with them. If government isn’t doing anything good, why throw good money after bad.
Don’t worry about burdening your kids with a huge national debt. You’ve already stuck them with enough real problems, and sold them so far down the river that you’d better hope they grow up as stupid and gullible as their parents, or else you are going to have a lot of explaining to do. There’s a view of the “fiscal cliff” that’s On The Money.