The Debt Can Gets Punted Again
- Congress allows an UNLIMITED increase in the debt until February 7th.
- The budget measure that ended the partial government shutdown allows for a 1% raise for Federal employees in January.
- GOP abandons the Constitution. Allows the Senate alone to dictate all government spending.
- For TV both parties pretend to focus on Obamacare, but work together behind the scenes to keep other spending programs fully funded and out of the debate.
Both parties have kicked the Socialist spending-debt can down the road yet again.
With the Democrats you get up-front honest Marxism, wealth re-distribution and an unconstitutional centralized 1984 Surveillance State.
My beef is with the Republicans. I have Blogged from day one that the GOP is effectively a radical New Deal Leftist political movement. The party has adopted as their own, voted to fund and has protected every Liberal wet-dream spending or police state program ever conceived by FDR or LBJ plus a few the GOP dreamed up on their own.
So we have a nation without an opposition party.
The GOP talks a good game about small Constitutional government, but the party members eagerly latch on to the public teat. We are already seeing GOP Governors around the nation jumping on the Obamacare train in order to cash those Federal checks. In 2014 those Republicans will campaign for re-election that they "brought home the bacon" to their districts and states.
The GOP lost the public relations moral high ground in January, 2011. Except for holding hearings in the House to embarrass the other Big Government faction, the GOP has not fought to cut one single dime. They voted again and again to protect re-distribution of wealth spending programs and increase the debt limit.
In a world gone mad, the now capitalist Chinese are condemning U.S. big government spending. A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington's resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained "unchanged".
Dagong lowered its ratings for US local and foreign currency credit from A to A-, maintaining a negative outlook.
Look out Greece, here we come.
|The "Billionaires" of Zimbabwe know full well |
about the endless printing of money.