Users Online Now:
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
7 Weeks to Austerity Programs in the US...Who do you think wrote the "fiscal cliff" legislation?
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
Calling it the "fiscal cliff" and focusing on an arbitrary deadline is a distraction technique that forces people to look at what's really happening from the wrong perspective and therefore miss it entirely.
The deal with the banks is...."congress will pass laws implementing austerity programs to fully legitimize the process and the sheeple will be ever grateful in their sinking financial state that
(which the bankers created out of thin air for "the deal" through all their well known influence with our political class/oligarchy) was heroically avoided in the final hours by relentless, sleepless determination from our lawmakers to prove this great country can put aside deep fractiousness and come together when the going gets tough."
Y'see, congress can only affect discretionary spending.
Interest payments on govt debt...congress can't touch it.
Mandatory obligations...stay mandatory.
The problem is, "the US fiscal situation is so untenable that the government fails to collect enough tax revenue to cover mandatory spending and debt interest. In Fiscal Year 2011, for example, the US government spent $176 billion MORE on debt interest and mandatory spending than they generated in tax revenue.
In Fiscal Year 2012, which just ended 6 weeks ago, that shortfall increased to $251 billion. This means that they could cut the ENTIRE discretionary budget and still be in the hole by $251 billion.
This is why the Fiscal Cliff is irrelevant."
link to www.zerohedge.com
The reason congress will compromise and avoid the "fiscal cliff" is that the banks make way too much money on war.
"Falling over the fiscal cliff" would mean military spending would be significantly cut. The banks don't want that. military spending is their bread and butter. So why did they write it into the legislation you may ask?
Because they knew they could create a situation where large cuts in military spending would not be acceptable by the sheeple.
Why do you think the Middle East (ie the same old actors) is "flaring up"?
"LOOK OVER HERE!!! ROCKETS AND DEATH AND DESTRUCTION ON THE VERGE OF ESCALATION AND FREAKING ARMAGEDDON!!!!!!!!!"
And the sheeple go....doot doodoo do do do doot doot, doot do do doot doodoo do do......HOLY CRAP!!!!! YOU GUYS IN CONGRESS CAN'T ALLOW THOSE FREAKING MILITARY CUTBACKS NOW FER CRYIN' OUT LOUD!!!!!
It's such an obvious scam but one that's apparently easily accomplished.
So...AUSTERITY PROGRAMS here we come.
We're all Greek now.
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Unconscious Patient’s Cell Phone Captures Doctors Mocking Him During Colonoscopy
TV's 'Trapper John' Whacks the Media: They're 'Constipated by Their Own Ideology'
The Future Of How We Watch Television Is In The Hands Of The Supreme Court
Coal Company Cuts Off Ex-Miners From Their Health Benefits
Nevada Lawmaker Says U.S. Should Expect Americans to 'Fire Back'
HMRC to sell taxpayers' financial data
Pentagon-sponsored study opens door for super lasers, weather control
Biometric identification that goes beyond fingerprints
Cancer-causing atrazine is world’s No. 1 drinking water contaminant
Newly released Clinton document describes Internet as ‘right wing’ tool of ‘conspiracy commerce’
Gross but True: Eating in Restaurants Doubles Your Risk of Getting Sick
Did We Just Lose 85,000 U.S. Jobs to Foreign Workers?
$10 DIY Alarm System That Calls Your Cellphone
Ranchers Under 24-Hour Surveillance…for What??
Watch Amazing Meteor-Like Object Over Russia’s Murmansk Caught On Dash-Cams Last Night
Facebook Pulls "Everytown for Gun Safety" Page after Pro-Gunners Grabbed It before Bloomberg
30 Years After Chernobyl’s Meltdown, Gripping Photos Expose the Human Fallout
Using Tiny 3-D Printed Parts to Hack Other Products
White House highlights Obama’s (horrible) immigration plan
Nevada rancher whose land was taken by BLM over water rights tells it all
Creepy autonomous AI CCTV surveillance network watches all of Boston
Behind the Seventies Science Experiment That Studied Whether You’d F*ck a Stranger
Miraculous Holy Fire lit in Jerusalem, to be delivered worldwide
Surprising Wild Weed Can Be Used To Improve Health And Even Make Beer
Russia Wants Permanent Moon Base
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.007s (4 queries)