Someone told me long ago, there’s a calm before the storm.
I know, and it’s been comin’ for some time. - Creedence Clearwater Revival – Have You Ever Seen the Rain
I can’t help but feel that we are in the calm before the storm. It is eerie. I know that we are so badly off course that a collapse is coming. It’s been coming for some time. Anyone with two brain cells can see that with a National Debt of $13.5 trillion and a government adding $1.5 trillion per year to that deficit, we’ll have a National Debt of $20 trillion before 2016. Even if interest rates stay relatively low between now and then (a BIG IF) our annual interest cost on the debt would be about $1 trillion per year. Only a Congressman could look at this situation and not be worried.
Now the debate in the country has turned to the Bush tax cuts. The Republican Party is making this their lynchpin issue for the upcoming elections. They use dire warnings of impending doom if tax rates are allowed to go back up during a recession. Their moron supporters like Larry Kudlow have countdown clocks of tax hike doom on their screens. Initially, Obama and his team of Obamanistas (none left) insisted that all the tax rates be allowed to revert to 2002 levels. Now they have pussied out and will agree to extend the cuts for those making under $250,000. Anything to get re-elected.
What you don’t hear anything about is how will the extension of these tax cuts be paid for. I haven’t seen Boehner or McConnell offering to cut 20% out of the Defense budget. Extending the Bush tax cuts will add $4 TRILLION to the National Debt in the next ten years. I’m all for low taxes – IF THEY ARE PAID FOR BY SPECIFIC BUDGET SPENDING CUTS.
This is where the rubber meets the road. Both parties will posture and pontificate and threaten and use scare tactics in the next two months. They will ultimately approve an extension of all the tax cuts. Knowing these scumbags, they’ll probably throw in a few more tax breaks on top of the existing ones. They will talk about spending restraints, freezes and all manner of bullshit, but none of the spending cuts will be required. A committee will be formed to examine possible spending reductions. Nothing will be done. THE TAX CUTS WILL NOT BE PAID FOR.
AN UNPAID FOR TAX CUT TODAY IS A TAX INCREASE ON FUTURE UNBORN GENERATIONS. SIMPLE.
As a side note, every lying dickhead who goes on CNBC is in the top 1% wealthiest Americans. There ain’t no poor people invited on the Larry Kudlow show. These slimeballs will tell you that small businesses will be devastated if those making over $250,000 don’t get a tax break. That is a lie. The vast majority of small businesses are not in that top 1% of taxpayers. It is the Wall Street slime that appear on CNBC who will get the biggest break.
The ruling elite propagate confusion through misinformation and lies. It has been happening for as long as I can remember. Good men have tried to shine the light on these lies, but the rain keeps poring down. Is there anyone in public life who will tell the American people the truth? Or will they just keep promising more goodies with no consequences? I wonder, still I wonder – Who’ll Stop the Rain?
Long as I remember The rain been coming down.
Clouds of myst’ry pouring Confusion on the ground.
Good men through the ages, Trying to find the sun;
And I wonder, Still I wonder, Who’ll stop the rain. – Credence Clearwater Revival – Who’ll Stop the Rain