The Bottomless Pit

The usual suspects of the Den of Thieves commonly referred to as the 112th Congress are leading us all to fiscal slaughter again. The march towards the event horizon of the first and probably only American fiscal black hole. After saving $38 billion found in couch cushions Congress is clamoring to raise the our debt. Failure to raise the debt means they will lose their jobs without funding. Both sides encourage raising the debt. The split comes when discussion turns to who will pay for their extravagant lifestyle. Good news, Bad News is; the good news is we saved you $38 billion. Tahhh Duhhh!!! Bad news is we need another 8 trillion Houdini Dollars on top of the 14 trillion we still owe. They're planning another round of bailouts for their 2big2fail cronies. At the core of our divide for a more perfect union is our debt. The debt is merely the product of forty years of OPEC Oil extortion. We continued to live as the richest country in the world even as we slipped to 7th place behind the OPEC Oil Nations. Top spot in 2010 is Luxembourg. Turns out this tiny country plays banker to all of Europe and boasts average annual income at $80,000 . People in Europe evidently have honest bankers and politician in addition to low taxes. Investment Banking with your money is prohibited in Luxembourg Secret Banking. Banking is not controlled by a Federal Reserve. Sounds like heaven and health care too. All that oil money made Saudi Arabia a world power was donated from the sweat of the American GDP. The OPEC Nations evidently are banking in Luxembourg.
The fact both parties refer to the problem as a"debt ceiling" indicates neither party can see our debt is not a ceiling. Our debt is a Bottomless Pit. Like the Patriot Act it's fun to say. Debt Ceiling rolls of the tongue similar to the imaginary 2big2fail that saved your ass. Brilliant huh
Both sides agree Medicare, Medicaid and Social Security are the largest contributors to our debt. We can all agree that these costs are not derived from the benefits received but, from the administration costs of bureaucrats empowered by Congress to legally skim the top. The sacrifice or elimination of theses entitlements would be devastating to those who administer the programs not, those who actually benefit. Neither party supports the abolishment of these institutions One side wants to privatize them to a Oligopoly Big for Business and the other side wants to keep them in control of big government. So both sides agree that "we the people" should have no direct input and should be obedient and wait patiently for our handouts as they may direct. Ted Kennedy made a career saving Social Security. If the people were empowered in Health care, Retirements they wouldn't need saving. If most of our debt is in Medicare, Medicaid and Social Security then most of the power controlled by Congress is secured in the very extortion of these entitlements. If we American refuse the entitlements tiny benefit Congress and their Cronies will suffer greatly. American Welfare is a profitable enterprise in America.
After giving away a Trillion Dollars of TARP Bailouts to Financial Holocaust of 2008 the Bottom Feeders of the Pharaoh's of Greed Street and 2big2fail banksters they find their running short at the US Treasury. Chairman Gnome Ben Bernanke cannot print more money unless Congress raises the Debt Ceiling which is really a hole. The Bottomless Pit can be reversed by cutting spending or cut entitlements or raise taxes. The Choices are an illusion of Congress because in the end they will do all three and raise the debt!!! Burma Shave