Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

U.S. Implodocare, Death by Debt

Politics / US Debt Mar 23, 2010 - 04:06 AM GMT

By: Jack_D_Douglas

Politics

The wild-eyed, in-and-out "Health Care" burger BO and his henchmen and women cooked up at yesterday's spending and tax orgy on the Hill front-loads the freebies for the least productive parts of society and back-loads the trillions in new taxes, regulations, radical changes, and costly cuts for the more productive Americans.


The vastly contorted garbage ingredients of this messy burger are such vast pies in the skies that no honest and intelligent person who has watched governments at work in the U.S. for a half-century or more believes a word of it until it happens. The non-partisan, judicious mock-up of the mess and the impossibility of containing the costs by the Concord Coalition is a good summary of where it is today. As the Coalition knows, no one knows where this burger mess will be tomorrow because it still has vast hurdles to jump and will have to make all kinds of new "miracle compromises" and payoffs to get to wherever they wind up.

Virginia seems definitely headed for state nullification or secession from this mess, beginning with a Supreme Court suit seeking freedom from its oppression. Other states will follow, probably in a coalition before long.

The mess relies on future Congresses and presidents and judges and state governments and doctors and lawyers and so on to actually enact its provisions and make them work in unspecifiable ways.

Nancy Pelosi's farcical waving her "really Big One" at the helpless little Demos, the Giant Gavel used to close Congressional voting on Medicare 1 nearly a half century ago, caught the spirit of the whole farcical event. LBJ was America's biggest presidential liar before the Bush-Obama Junta. He promised solemnly that Medicare would be financially good for America. It was passed overwhelmingly with Republicans signing on. We are now staring into the Black Hole of national implosion with the help of soaring trillions in costs for that bag of lying insanity. Bush II's Big Pharma Welfare Medicare Plan followed this standard operating plan of U.S. governments and has helped Medicare to bring us to this cliff of despair. This time the Republicans and Independents are in violent revolt against BO's Medicare 3 and the states are revolting and we have no idea where the Supreme Court will weigh in or whether doctors or other crucial groups will revolt or finagle around the BO Burger. This time the bill is immense and vastly contorted and the nation is in the early stages of the Greatest Global Crisis in history and the U.S. is by honest accounting standards already de facto bankrupt many times over with about $100 trillion in accrued obligations in the decades ahead for whole financial system, Social Security, Medicare, and on and on....

Everything is against this BO Burger Plan working. He waged civil war and drove another great stake through the heart of the nation to save his Bill because not saving it would wound his puffed up vanity and threaten his soaring sense of Hubris. This is an obviously insane vanity bill intended to save BO and the Demos from reality.

This fight has lit the fires of revolt in the hearts of the American middle classes. It has made Obama and Pelosi and all their hacks objects of passionate hatred and ridicule in perpetuity in America. Have you ever seen anything more ludicrous than BO pontificating about saving America, as if he were Churchill rather than a two-bit con man saving his own vanity, and Pelosi waving her "really Big One" to threaten her cowering victims in Congress and the nation?

The American Global Empire will end not with a last hoorah or a whimper, but with a guffaw. BO is the Clown President who will ring down the curtain.

Jack D. Douglas [send him mail] is a retired professor of sociology from the University of California at San Diego. He has published widely on all major aspects of human beings, most notably The Myth of the Welfare State.

http://www.lewrockwell.com

    © 2009 Copyright Jack D. Douglas / LewRockwell.com - All Rights Reserved
    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in