Thursday, August 04, 2011

The Deal That Wasn't

The Deal That Wasn't
A Commentary by J. D. Longstreet

First, understand that the debt ceiling deal passed by our politicians earlier this weak did not solve a thing.  NADA!  All it did is slow America’s destruction down just a wee bit.  That’s all.   Think:  Armageddon scheduled for Wednesday is now rescheduled for oh, say … Friday.

America’s ruling class has set its aim on America’s middle class.  We are headed, as straight as a Martin to its gourd, for a nation with only a ruling class and a lower class -- or a poverty stricken class of poor Americans with no hope of ever climbing out of their morass of crushing deprivation.

The debt limit bill only guarantees our demise as a great power and as my old “Pappy” used to say: “greased the skids.”

A few of us old “hardheads” have been warning for decades that America simply could not continue to tax and spend and tax and spend without, sooner or later, over extending and collapsing.   We were, of course, “pooh-poohed” or made fun of, and in a myriad of ways had our warnings stifled.

Now, we shall see who laughs last.  Problem is – its no laughing matter!      

As the scales have begun to fall from the eyes of Americans, since the “deal” was struck earlier this week, more and more are waking up to the abysmal “deal that wasn’t.”  Well, maybe it was a deal for somebody, but it sure as heck is no deal for Americans.

A report from Rasmussen on Wednesday, August 3rd, entitled:  “Just 22% Approve of Debt Ceiling Deal, Most Doubt It Will Cut Spending” reports the following:  “Most voters disapprove of the debt ceiling agreement reached by the president and Congress earlier this week and most doubt it will actually reduce government spending.
A new Rasmussen Reports national telephone survey finds that just 22% of Likely Voters nationwide approve of the agreement while 53% disapprove. Twenty-six percent (26%) are not sure.”

Rasmussen goes on to say:  “Republicans and unaffiliated voters disapproved by a 4-to-1 margin. Democrats are fairly evenly divided with 34% favoring the deal and 40% opposed.

Conservative voters strongly oppose the deal while liberals are evenly divided. By a 51% to 20% margin, moderates disapprove.” (You may read the entire article HERE.)
 The last paragraph grabbed my attention -- especially the report that MODERATES disapprove by a huge margin of 51 to 20 percent!

OK.  By now, I expect you are wondering why I continue to harp on this abomination of a debt ceiling deal.   Because, dear reader, come fall, the so-called “super committee” made up of republicans and democrats will begin meeting to try to come up with oh, about a trillion and a half of MORE spending cuts.

So what’s wrong with that?  Sounds like a good idea, right?   Well, as with most things or government comes up with, the devil is in the details, and/or the fine print.

Surely, you do NOT believe that a dozen politicians, evenly split between the two parties, are going to be able to agree to spending cuts that both the House and the Senate will approve?  If you do, you have way more faith in our two party system than yours truly.

It is simply not going to happen.  And when they create a loggerhead on the spending cuts (and rest assured they WILL!), then TAXES will be back on the table … lots of TAXES!   Why?  Because nobody in the government wants to attack the entitlement programs and/or the military to wring out more money to run the government.  Since the money must come from somewhere and the printing of more paper money will create raging inflation on top of the recession/depression, well – the obvious alternative is TAXATION.  And, of course, that’s when it all hits the fan, once again.

The remainder of this year is going to be one very long wrestling match between those who want fiscal sanity in our national government and an overall smaller government, with less government intrusion in the lives of American citizens, and those who want to continue, like lemmings, racing toward the cliff of financial collapse for America and her citizens. 

I don’t think we will see any meaningful spending cuts as long as the democrats control the Senate and the White House.  In fact, I am convinced that if American voters don’t send the democrats packing, along with a few liberal/moderate republicans and RINOS, in November of 2012, we may STILL find ourselves in a state of financial bankruptcy that will require generations to overcome.

Prepare for one long, protracted, “slugfest” until the elections of 2012.  Depending upon the results of that election, America’s long nightmare may very well continue.

J. D. Longstreet

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