This statement and others like it, heard on CNN as well as Greta and O'Reilly on Fox, describes a "possibility" that no one was going to let happen. No one. The only folks who were talking about defaulting on the debt were those who did not understand that "defaulting was/is not on the table, either from the Left or the Right, but running this country into the county, debt wise, is. It is clear to anyone with an ounce of sense, that the Left does not believe we can run out of money and, as a consequence, will never move to balance the budget. The notion that folks who want a balanced budget are the modern day radicals is absolutely insane.
It is "pay me now or pay me later" with the debt. Cuts today, will not be as drastic as those needed when we actually run out of money or when Japan and China and whoever else who lends to the US, runs out of money - or we run out of ink to print money. But who cares about that?? No one that I can see. Look what happens to those who stand up and try to do something. I am thinking of Paul Ryan. His budget cuts 6 trillion over the course of a decade - the best approach officially presented to congress. We spend more than 3 million every minute, 4 billion every day, 1.4 trillion every year of money we do not have. This is our evolving deficit. When Ryan talks about 6 trillion, he is talking about 6 trillion in cuts during the same period of time we are scheduled to spend (in terms of deficit) a total of approximately 16 trillion dollars, at current spending rates.
Remember when August 2 was the "drop dead date?" I do. The little known fact was/is this: we blasted through the debt ceiling on May the 16th, folks. Not a word of this in the press. O'Reilly did not mention it. No one at Fox mentioned it. Definitely the Marxists at MSNBC did not mention it.
The "drop dead debt ceiling was 14.2 trillion." But, on August the 2nd, the debt was already 14.5 trillion. It stands at 14.7 trillion, today.
On this blog, I do not tolerate fools who decry focusing on the Constitution, free speech, God and, who know what happens when the entitlement crowd runs out of money.
It is maddening, a disgrace and the Establishment Right and Left are to blame. Did you know that the $700 billion dollar TARP bill was used to funnel between 9 and 24 trillion (with a "t") in legal funding to whoever, banks and bankers, I suppose? Did you know this? I have been talking about it since March of 2009. The news has been out there all this time. And no one gives a flip. Do you have any idea who money changes hands (on paper) in Derivatives trading? How about 700 trillion dollars. Look it up. All the worlds economies, combined, total somewhere around 62 trillion dollars. We are swimming in misdirected money and, yet, each and every man, woman and child, in the US, currently owes $48,000.
The current deficit discussion is about fooling the people into believing that something of significance is about to happen. Nothing is going to happen and if you disagree, well, you are more the fool.
Get off your butt and do something. Write a letter. Make a phone call. Or, buy a gun and get ready to defend your property.
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