A clear choice must be made in order to watch the first hearing held by the deficit super committee. In her opening remarks Ms. Murray, Co-Chair, stated the topic of this initial hearing to be the history and drivers of our deficit and debt. It is within this statement where we find the choice we must make. Are we to believe the crux of the habitually repeated financial failures in our past remains elusive to those in Washington? Or shall we accept the hearing is an act and that her statement merely exists within the playbook of good Washington politics? To be honest, I winced inside as I felt the stab of pain resulting from the impression of a hand being placed upon my cheek. How can the American public withstand treatment more suited for 3 year olds? Our government blatantly acts stupid in order to appear working steadfast towards a grand solution to our problems. ---I should pause momentarily to make mention of the nearly half-trillion spending bill Obama just handed to Congress. More wasteful spending and you haven’t even spent the first 800 billion yet? No politics allowed huh? Then what are you doing? The point is I shouldn’t expect more from Congress days after Obama plays such idiot politics with more stimulus money we don’t have in order to get the taxes on the rich he wants. Typical Washington, nothing ever changes. --- How many people outside of Washington already know the major contributors? I would think a great majority. I bet if you ask non-economist adults nationwide you would get some pretty smart answers, mixed in with ideological spending priorities of course. Let us consider: they spend too much, they try to do too many things, they write laws in order to gain or reward campaign donors and they claim to have moral authority over us (and the world) when our Constitution was provided in order to establish a people free from coercion and force. They ignore established laws in the first place in order to create unneeded regulations and their bureaucracies in the second! So while I admit my culpability in falling for it once again; I only pray the hearing gets better from here.
Damn! Well, that hope was dashed with haste. For the next few minutes Xavier Becerra (D-CA) lashed out at those with money both business and citizen. He blamed the tax cuts for the debt (which as often as that is said, you wonder if Bush didn’t plan it this way….) and asked if it was the young or the poor who benefited unfairly from the tax cuts. While this argument ends up supporting a flat tax or consumption tax ultimately we’ll leave that for another time. To blame the tax cuts is to blame Washington. The companies and individuals are now set up to get fleeced in order to justify more spending when we can’t afford the spending we already have and borrow 60% of our funds. You can take all the money from the corporations, billionaires and millionaires and I mean ALL of it and it won’t make a dent in our problem. (Google it if you don’t believe me!) We should be worried about all companies paying the same percentage in order to remove corporatism instead of trying to pick out some for financial punishment (which ironically seems to happen to those our government helps the most). To blame the wealthy in any way is to demagogue the very financial success which most aspire to. How is this palatable to anyone with common sense? Blame those who wrote the tax code! Blame the relationship between them! Blame yourself for not voting with this most essential priority. Raising taxes on the rich in order to fund a new program is treating the people as moronic. How can we raise the debt ceiling, form a committee to cut 1.2 trillion off of our automatically increasing spending in the FUTURE, and propose more spending supposedly funded by new taxes on the rich and spending cuts which will never pass Congress? If this is the beginning of something new it must have been planted in the manure of the old because it stinks in here and suddenly I need some tall boots.
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