Thursday, November 6, 2014

$20 Trillion Ping Pong

It looks like the balance of power has shifted over to the Republicans from the Democrats in Congress.  I watched the CBS Evening News last night and Scott Pelley made the comment that it looks like the government is "more divided than ever".  I don't follow his reasoning since all of Congress is now one party whereas before Congress was split.  Maybe he meant from the perspective of President Obama since he can no longer manipulate and effectively neuter Congress with his puppet Senate majority leader Harry Reid.    The major networks view things from the perspective of the left and sometimes they let that tendency slip out in their so called "news" pieces.  The narrative was subtle but definitely there;   "Our guy lost".   That sort of "siding" that the media does (I'm certainly including Fox network siding to the right) is an atrocity and it smacks of yellow journalism.  Give me the facts about what happened and save your innuendos for the next cocktail party or a news program with the word "opinion" somewhere in its description.  I could go on and on about the media failing at their job, but I'll save that for another day.  (or you can refer to my blog on the media  Restoring American Democracy, Part VIII from February of 2013- but that's up to you :) )

On to the situation at hand.   Back in 2008 when President Obama won the election and his party swept into full control of Congress I thought it "could" be a good thing.  After all, the Republicans and "W" Bush had shown no ability for leading our nation other than demonstrating how to spend a lot of money in record time.  In eight years they built up a monstrous debt for our children in this new century.  In addition,  enduring a daily barrage of mispronounced English words made the eloquent Mr. Obama a refreshing change.  Fast forward 6 years, and I must regretfully report that  Mr. Obama and the Democrats have managed to outspend the Bush/ Republicans by a substantial sum and our children's debt is now morphing into our grandchildren's debt.   An opportunity to show some fiscal responsibility and leadership was squandered by pretense and outright laziness.   By pretense I mean the subtle attitude of the left that the deficit "doesn't really matter" because capital and money can be manipulated and controlled by their hero, the federal reserve.   Unless the federal reserve can conjure up $20 Trillion in the next few years (that is, $20 Trillion that actually exists !), then eventually the real world and its insistence on REAL money is liable to pop that balloon and its any one's guess what will  be the consequences.   How absurd and disgusting it all is.

So, now the ping pong ball is back over the the illustrious Republicans and I think it's safe to say that they will be trying to get some work done with their new found power and I expect that they will at least acknowledge the reality of the deficit.    Will they be effective ?  That all depends on how reasonable they are and how humble Mr. Obama can be.  In other words, I don't have a lot of hope.  Maybe in 2016.   In the meantime, does anyone have an extra $20 Trillion sitting around ?  Check your sofa cushions !  

**Please check out some of the sponsors on this blog.   I need the money !

No comments: