Well, the shutdown showdown is over for a few months. The employees of government returned to the salt mines. The heart break of day to day monotony of avoiding work, looking forward to the next government holiday and or a peaceful sick day on the dole.
Congress has never worked harder and achieved less in over 237 years. The shut down occurred in the House of Representatives who refused to vote on raising the debt ceiling to accommodate expenditures they already spent. Choosing instead to refuse to reconcile the accumulated debts unless they get their way. Their way incidentally is a moving target and agreeing on what they wanted also proved to be problematic.
Knowing full well a vote to fund the government would pass bi partisan in the House. Any votes not to fund on Congressional record would be suicide on election day. They refused to vote at all. No doubt the Republicans could defend their squandering public funds next election, by claiming they tried repeatedly not to pay. The entire problem surfaced from Conservatives not refusing to spend. Conservatives refused with the sobering position of voting on a reconciled budget.
At the center is a movement within the Republican party known as the T-Party. No these are not the people who dress like Indians and attack the British. These are the children left behind when Bush/ Cheney lead the government to left wing liberal politics handing out money to 2big2fail Banksters known as TARP. The corruption of the Iraq War did not seem to bother them but handing over tax dollars to bad bankers is unacceptable.
This is not a new predicament and stems from over spending on wars and spinning a imaginary housing markets with derivative bundling of worthless mortgages into AAA Securities traded on Wall Street. All of which was illegal before 1999. The legislation passed as the Financial Services Modernization Act or Gramm Leach and Bliley. Not important what name is given, ultimately it allows Banks to Rob and Pillage with impunity.
The truth is the United States is buried in mountains of debts with out the resources of a middle class to soak up waste fraud and abuses in the Government. Every few months the debt raises it's ugly head and Congress attaches a new name on the same problem, our supreme brokenness. Debt Crisis, TARP, 2big2fail. Sequester and Shut Downs are ALL the same ugly problem we can't shake off.
In the past we mortgaged a industry sending jobs overseas or downsized and outsourced the middle class jobs to pay the debts spending out of control. When our economy was empty they turned to the only commerce left in America, you house, your homes.
This chapter in American politics will end with this footnote. They settled for 24 billion dollars of waste, all government workers will be paid and some twice. 10 billion more of spending with 3 billion to build a Dam in Kentucky. In the end they agreed to spend more and kick a bigger can a shorter distance to 2014
Tuesday, October 22, 2013
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