Here is the insanity: “As State Budgets Rebound, Federal Cuts Could Pose Danger.”
“After years of budget cuts and sluggish recovery, states expect to see their revenues climb back to prerecession levels this year for the first time since the financial crisis hit. But even as some states hope to restore some of the deep spending cuts they have made, they face a new threat.”
When I read such brain-cramping nonsense, I can only think of the Nazi mastermind Joseph Goebbels who said of England what obviously also applies to our American elites:
“The essential English leadership secret does not depend on particular intelligence. Rather, it depends on a remarkably stupid thick-headedness. The English follow the principle that when one lies, one should lie big, and stick to it. They keep up their lies, even at the risk of looking ridiculous.”
I now think our elites realize that, to those who see their lies as ridiculous, those failed deceptions provide a secondary advantage. To hear nonsense paraded as intelligence in society is an alienating experience. One gets discouraged and feels paralyzed because you feels you are surrounded by deluded morons. In the valley of the blind, the one-eyed man wants to shove a sharp stick into his own eyeball.
There is no reason in the world why any state should be expecting revenues to approach “prerecession levels.” If they hold to such an outlook, it is either because they are stupid, or because they don’t want to make the budget cuts that reality is demanding of them, so they hide in a fantasy and keep the budget high. Later they will claim the deficit is not the fault of their planning. Oh no, it was caused by “an unexpected” shortfall of revenue.
But these transparent lies are being used to scare people into galvanizing Congress into compromise to avoid “the fiscal cliff.” The “new threat” is that the automatic spending cuts will “end up further whittling away the federal aid that states depend upon and weakening the economy as it slowly mends.”
Why in God’s name can no one in the New York Times face the fact that all the pain we are facing is because our spending levels both in the states and in the Federal Government were never sustainable? They were always financed by levels of debt that were going to implode the economy. Now we are in the implosion and all we hear is that we need more of the same poison to cure the effects of the poison. It would be easier to reason with a heroin addict than these pundits.
Look, here Is what the economic future holds: pain. And after that: more pain. States have to cut virtually everything. The underfunded pensions have to default. No one gets to retire. Public education, with its accoutrements of minimum wage laws and truancy laws, has to end. The troops have to come out of Iraq (yeah I know what Obama said, but now they really have to come back), Afghanistan, Okinawa, Germany and every other country. We need the soldiers on the homefront in the private sector.
I’m not even saying what ought to happen; it will happen! What cannot last will not last, and our multiple cascading debt-burdened economy will collapse.
The only thing that could possibly make the economic deluge less painful, or at least of shorter duration, is to start cutting now before the bond markets catch up with us.
And if you think I am being radical, contemplate how the New York Times editorial ends with a quote from former Federal Reserve chairman Paul Volker: “If we don’t solve this, it’s our democratic process that’s going to be in the greatest jeopardy.”
Got that? We are obviously doing the opposite of fixing anything and the result will be regime change. Volker said it.
I’m trying to save us from it.