Time is running out on the debt ceiling with Congress and President Obama getting closer to a deal. Again, America is being subjected to last-minute politics averting tragedy. Well tragedy might be a little dramatic and I say this because of history. Never has America defaulted on debt, so it is safe to say the do-nothings in Washington will get a deal done. The deal? Extending the debt for six months or a year, temporarily saving America, punting the ball for another future potential tragedy.
At risk of change, Social Security, Health Care and revenue. Revenue being taxes, Republicans again will push for tax reform that will benefit business and the few at the price of everyone else. Reducing taxes what effect it will have on the bottom line? The rudimentary math is the country is running a $750 billion deficit, reducing taxes will drive this number higher. The answer to closing the gap, entitlement reform to include Social Security and Medicare putting the retired at risk and the future of many in peril.
The ridiculous statement that imply government is in the way is an oxymoron. Government is clearly in the way, creating events at a semi-annual rate, governing a few months at a time. But there is a long-term strategy and that is to move the remaining riches to the few, finishing off the diminishing voices of protest and create the two-class economy. Personal responsibility, when if ever will Washington be held to this standard? They certainly believe the poor and the soon to be poor (middle-class) need to be held to it.