As Ace writes, “I’ve said this forever, but the Democrats can’t speak a plan aloud, because there are only two options:”
1. Reduce benefits, which they don’t want to do, as they’re playing Mediscare yet again.
Advertisement2. Massively increase the tax burdens on the middle class, which they claim they don’t want to do, but they do. All of their schemes rely on pulling more money from the middle class which is, as Willie Sutton said of banks, “where the money is.”
I actually think the Democrats want a crisis, because in crisis, the politically impossible becomes merely the politically unpalatable.
Yesterday’s infamous run-in between Geithner and Ryan brought dueling potential quotes of the year. First up:
Treasury Secretary Timothy Geithner, speaking on behalf of the Obama White House, to Rep. Paul Ryan: “You are right to say we’re not coming before you today to say ‘we have a definitive solution to that long term problem.’ What we do know is, we don’t like yours.”
And then there was this:
GEITHNER: You could have taken [the chart] out [to the year] 3000 or to 4000. [Laughs]
RYAN: Yeah, right. We cut it off at the end of the century because the economy, according to the CBO, shuts down in 2027 on this path.
No word yet if Mr. Obama and his fellow Democrats view that as a bug or a feature.
Actually they will take this option -
3) Extend, Pretend, Bailout cronies and Wall Street 1%’s, Spend and PRINT until the currency is hyperinflated away into Zimbucks and the citizens of the United States are broken due to there wealth and prosperity being annihilated.
Whilst food is distributed to prevent mass starvation and the army, national guard, homeland and other agencies enforce martial law, Wall Street and the Ruling Class/Soros/Obama officials use the Fed’s GOLD reserves to snap up assets on cents to the dollar.
Whilst this is going on, Debtors prisons make a comeback via an addition to Obama care. You are now the PROPERTY of the state.
The final step before a “new currency” is issued, those who dare critise The Won are sent to McGalugs/FEMA camps and left to rot Stalin style or enslaved, they are terrorists after all and deserve no better.
I predict the “useful idiots” in the Occupy movement will end up in this situation as their leadership sells them out for the proverbial “30 pieces of silver”.
What emerges is the United States of Argentina, a poor third world country where a majority of it’s citizens are now dependant on an openly corrupt fascist police state government to get there next meal, hense ensuring a PERMANENT DEMOCRATIC MAJORITY from this point in time.
Look at Argentina’s politics, 6 years after hyperinflation the SAME socialists were VOTED back in with MAJORITIES.
Remember the debt CANNOT be repaid, 100% default is the ONLY outcome, only the timing is is doubt (sometime in Obama’s second term).
Destroy America and enslave it’s citizens as debt serf’s to Democrats and Wall Street, that’s the Change Obama Believes In.
There is a 3rd option, which is printing money. This has a number of advantages over the other two:
1)Recipients of pgms like social security, welfare, etc, get the nominal value of their benefits without realizing that their actual purchasing is eroding away. And the rubes will tend to blame the evil oil and food companies first (for raising prices, of course) rather than their benevolent ole uncle sugar.
2) inflation imposes a “stealth” tax increase on the middle class rubes which the pols can rail against in speeches while doing nothing about in actions. Indexing of federal tax brackets have slowed the stealth tax increases in the recent past, but the Alternative Minimum Tax, a burden under which more and more middle class folks find themselves, is not indexed. And the best part about AMT (for the pols) is it’s almost impossible for the taxpayer to plan for in any coherent fashion so he could end up owing penalties as well as more taxes than he bargained for!
3) Best of all for the pols and their cronies, inflation helps those at the top of the money pyramid – banks, pols, cronies, etc – while imposing its destruction increasingly on those further down. The reason is basically that those at the top of the chain use the money before it has lost value. If you think of fiat currency under inflation as a depreciating asset, much like a new car – the first owner of the vehicle realizes most of the value and there is increasingly less to each successive owner. The first folks that get their hands on newly minted cash get the most out of it, and those folks are… guess who.
Inflation – the way a gubbermint that can’t say “no” says “no.”
“I actually think the Democrats want a crisis, because in crisis, the politically impossible becomes merely the politically unpalatable.”
I don’t think the democrats do, they’re just clueless, among other failings.
But, Obama and those closely around him — they know just what they’re doing.