The Super Committee and the budget cutting BS
By P Alfonso on Nov 14, 2011 | In 1. The Nation
It is show time and with the self-imposed dead line they are in vein struggling to come up with something that is believable, not to be confused with viable. Besides nothing more than a make belief show, this discussion is so is so absurd that it lingers on the edge of stupidity. Nevertheless this propaganda is shoved down our throats by the corporate and bankers owned media trying to make us believe that it is news worthy and credible.
We presently have a budget deficit of $1.3 to $1.4 trillion per year which if did not increase it would be approximately $14 trillion in the next ten years. Take off the $1.2 trillion they are talking of cutting in the next ten years (talking means just that "talk") and the additional borrowed money would increase to over $12 trillion in that period of time. Adding this to the $15 trillion that is already owed we come to a total of $27 trillion. Can anyone really believe that they will be able to find that kind of money and dumb people to lend it to the US? This of course does not count the give or take $100 trillion and growing in unfunded liabilities that have been promised but have no idea on how they will pay them. Not even mention where they are going to find the extra money to pay the increase in interest on the additional borrowing.
If one stops and thinks about it is an insult to people's intelligence. Is this bull manure fairytale even worth listening to much less get into a debate or conversation about it? As usual they are just entertaining the American people and buying time until they will have to default by refusal or hyperinflation at which point all dollar denominated assets will vanish and the dollar will not be wanted anywhere in the world. And we can rest assured that it is not going to take ten years before this happens. In fact this is already happening as tourist find that foreign businesses are no longer accepting payment with the once king US denominated currency and the portrayed villain Iran ditched the Petro Dollar to trade its oil in Euros which is the real reason they want to take them out as they did Saddam Hussein.
The sooner people realize and admit that our finances have reached the point of no return the sooner we can begin the reconstruction process. To continue this path will make it even harder in the future to repair the damage that has been already done. Our governing officials are elitists who work for the Bankers Monarchy and they are not interested in saving the people there only purpose is to save the Kingdom.
They just don't know when to stop as their audience keeps on shrinking.

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