"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Tuesday, July 19, 2011

2 Option Debt Ceiling Debate

It’s a “take your choice” kind of scenario.  Picture having to choose (which we do as a nation every four years) between two plans, both of which do not “help” you and any “help” you may get will be trumped later when the person who offered to pay for your service, simply can not.  

CNN’s John King, who loves his touch screen wall, broke down the $172 Bn debt ceiling.  The image on the left is choice A and on the right choice B.  See the whole video here

  John King on Debt CeilingJohn King on Debt Ceiling                                                                                                                                         
In both cases Interest, Social Security, Unemployment Insurance and Medicare/Medicaid will be paid.  In both situations, IRS Refunds will not be paid (thanks for basically telling those people to “suck it”  Timmy!).  We have the Education Department ($20.2 Bn) cut off in part A budget but Education Grants ($3.6 Bn) stay in Part B budget.  What about taking TSA off the table since it doesn’t matter if you have a gun or knife when the air-traffic controllers operators are sleeping (see Lester Holt here and Daily Mail here) and save the requested $8.16 Bn (PG 76 of 151 in DHS PDF & perhaps pay back the tax-payers you have taken too much from).  Washington is an endless spending machine.  If you dickheads in Gov’t hadn’t looted the SSI, you would be able to liquidate its assets and pay the recipients.  Seeing as to you have failed at your fiduciary obligations, once this is known, it becomes easy to sift through the BS and think clearly about what you Ha-Vaaaard elitists are doing.  Let’s see how many of you leeches stick around after your Federal Salaries are cut.
 Triple X