The best outcome for the “Super Committee” is for there to be no outcome at all. If they devise a plan to cut the $1.2 trillion over ten years, you can wager your mule, cow and eldest child that the “savings” will be end loaded in the out years. With no plan from the lackluster 12 the $1.2 trillion in cuts will be spread evenly between Defense and Domestic programs…but again over the next ten years. So what’s the difference? The auto-cut feature defines where the so-called savings come from whereas a Committee generated plan would probably involve more wild assumptions and ghost-like savings plans. Either way they’ll lie, obfuscate and hyper-ventilate, but the automatic cuts have a smidgen of transparency.
Hungary has now jumped onto the radar of counties that are deep in economic doo-doo. Meanwhile old reliable Greece and Italy are dragging Portugal and Spain with them towards the precipice of fiscal disaster while the rest of the EU frets about whether to backpedal or jump in. The sound of clicking dominoes has become the official anthem of the European Union as they all lean on the increasingly reluctant Germans to prop them up. As you may be aware, our own Federal Reserve has been quite generous with European banks who have found themselves over-leveraged. Of course we propped them up with digital dollars….backed by nothing….so that when we release the cap on our artificially low interest rates, the fiat-based European loans can contribute to our accelerating inflation. One could complain about a conspiracy, but I find it hard to believe that any worthwhile conspirator could be so clueless and so stupid. Come to think of it, maybe a Princeton professor could be that airheaded.
Had a terrific conversation with Congressman Jim Jordan (R-4thC.D.OH) on the air yesterday as I sat in for Brian Wilson. He’s one of the few warriors consistently fighting for fiscal sanity and chairs the Republican Policy Committee….the conservative alternative to noodle-spined leadership. He resides in the Urbana area and appears to take his job and his service seriously.
The House failed to muster a super majority to pass the Balanced Budget Amendment (261-165) yesterday, but don’t fret. It was largely symbolic since the legislation had no teeth. Seems like Congress spends a lot of valuable time passing meaningless toothless legislation to give one party or the other some bragging points. Add to this wind-whistling legislation such other compelling acts as “National Earthworm Day,” or National Live-Bait Week,” and the naming of post offices and federal buildings after slimy career politicians, and you can understand why it’s so difficult for them to seriously address our national problems….there is not enough time.
Here in Ohio the Ohio Democratic Party and their union toadies have pledged to fight the Workplace Freedom Amendment (right-to-work) to the very last person. It’s nice to know they are so committed to SOMETHING since they expended massive efforts and millions of dollars to insure that our local communities and schools are caught in fiscal vises (Issue 2). It’s all about priorities….no matter how screwed up they may be.
As someone who has been a youth coach and a licensed athletic official, I should weigh in on the garbage that has confronted Penn State. First, if the allegations are true, then Jerry Sandusky should be castrated with a dull chain saw without anesthetic and tossed into the nearest hog pen. Second, if the hierarchy was unaware, they were apparently too stupid to manage an operation of that size, and if they were aware, they should get the identical treatment that Sandusky deserves. Complicity, silence and enabling are just as damaging as the original disturbing acts. It’s all about power. Sandusky had the power and the influence to bend those boys to please him, and the Penn State coaches and administrators had the power to stop it. Happy Valley was transformed into a despicable den of despair.
Have a great weekend as you prepare for Giving Thanks.
Comment: cearlwriting@hotmail.com
Tue. & Wed., 6-7:00pm, 1370 WSPD, Toledo www.wspd.com
No comments:
Post a Comment