The Impending Debt Star

The Impending Debt Star

Thomas Carlyle characterized economics as “the dismal science” in the eighteenth century. It hasn’t changed much in the twentieth, particularly as it relates to our federal government’s handling of the economy and most particularly as it concerns the current debt crisis.

That “handling” has, in fact, gone beyond dismal and has breached the realm of the hopelessly bleak as a result the ongoing, contentious debate over the so-called “debt ceiling,” that is, to raise it for the umpteenth time and burden our children and grandchildren with even more debt or to stop the fiscal insanity of borrowing even more money from people like the Chinese to pay our bills.

Running our households like government runs our government would eventually bankrupt individuals just as the feds and local politicians are bankrupting the country and any number of states.

Washington, of course, has a unique advantage over places such as New Jersey and Wisconsin in that in D.C. they have an alternative to all that borrowing: They can simply print more dollars when they exhaust the national treasury or when China indicates it holds too much of our insecure notes.

If Joe Blow or Joe the Plumber had access to dollar printing presses, both Joes would be accused of counterfeiting yet politicians get away with it.

The issues most Americans understandably refuse to confront are unpalatable and painful.

After all, this is America, exceptional, invincible, wealthy, and wise. We can’t, we refuse to believe we can go bankrupt! We can’t undergo anything akin to post-World War I Germany when it took a wheelbarrow full of virtually worthless papiermarks to buy a loaf of bread! We refuse to accept that our paper bucks, the value of which is based not on anything with intrinsic value such as gold but on the full faith and credit of the United States of America, will succumb to hyper-inflation!

It simply can’t happen here!

To paraphrase the chief architect of our fiscal plight: Yes, it can.

Daniel J. Flynn in “Five Falsehoods of the Debt Debate” lists only the most recent “falsehoods,” a euphemism for lies, perpetrated by that architect.

They include . . .
(Read more at http://www.genelalor.com/blog1/?p=5037)

Liar, Liar! Pants on Fire Part Two

The term, “The Big Lie” as an approach to political deception was coined by Adolph Hitler in Mein Kampf to describe the technique of telling a lie that was so huge that dumbass voters couldn’t help but believe it must be true. No one could possibly lie so stupendously and outrageously.

Most politicians dabble in lies big and small. Lying comes with their territory. However, President Obama has perfected lying and has especially perfected Hitler’s Big Lie philosophy.

One of Obama’s previous lie-biggies was explored in “Liar, Liar! Presidential Pants on Fire Part One: Obamacare,” http://www.genelalor.com/blog1/?p=1145.

Amazingly, on the monumental issue of taxes on America’s middle class, he has outdone himself.

What a guy!

Lovable dolt Walter Mondale made the mistake of being honest in 1984 when he said he would have to raise taxes; he was roundly trounced by Ronald Reagan in the election. (I still love Wally’s subsequent and classic admission that he had wanted to run for president in the worst way, “And I did.”)

Presidential candidate George H. W. Bush later learned the hard way that the American people don’t take awfully kindly to a president who says one thing and does another.

Promising “No new taxes” in 1988, Bush I emphasized that pledge by adding the 3 words by which he will always be remembered: “Read my lips!” Suckered into believing Democrat pledges of reciprocal spending cuts and having to renege, he too was trounced, by the Man from Hope.

If nothing else, the Obama-Man from Chicago has learned his tax lessons well.

In conjunction with his compatriots and liars-in-arms, he has dredged up the Hitlerian Big Lie on such issues as universal health care and the timeless question of how to deceive and milk the massive middle class.

That group had to be milked to further support the many Obamian initiatives and stimuli designed to bail out his UAW idolators and ACORN and the ever-present poor. Obama knew all along that the deep pockets of the rich were only so deep.

Christ said that the poor will always be with us. He was referring to the sick, the lame, maybe the insane. I seriously doubt He was referring to the professional poor in today’s America, many of whom watch their hero on widescreen tv’s, buy their food with food stamps, and push their agenda via agitators.

Those same professional American “poor” . . .
(Read the rest at http://genelalor.com)