Connecting the Dots, Part 6…

Connecting the Dots, Part 6…

“Financial Armageddon.”

The Washington Post says so.

I just went back in time and checked, and I’m pretty sure this is what I’ve been saying for the last four and a half years, give or take a day or so.

Don’t believe me?

Here:

December 13, 2012: Just when you thought you understood, someone explained it better…

October 8, 2013: It all comes down to this…

December 16, 2015: Ignoring the man behind the curtain…

and finally,

January 16, 2016: The Big Social Security Lie…

It’s like all of a sudden people are finally catching up with what I’ve been saying since the 2012 election. I wonder why it took so long for them to buy in?

Perhaps it was because nobody could conceive that Trump might win.

Maybe it was because people couldn’t imagine the greatest nation in the world suffering from immolation.

Or it could be hubris.

Wait. What’s that?

Hubris (/ˈhjuːbrɪs/, also hybris, from ancient Greek ὕβρις) describes a personality quality of extreme or foolish pride or dangerous overconfidence.[1] In its ancient Greek context, it typically describes behavior that defies the norms of behavior or challenges the gods, and which in turn brings about the downfall, or nemesis, of the perpetrator of hubris.

It’s when the winning candidate uses a term like “draining the swamp” and people fail to understand exactly what he means by the phrase.

What better way to “Drain the Swamp” than to simply let the clock run out.

No budget. No bills to pay. No people to pay.

Swamp drained.

Seriously. Do you really think all those people who clamor for smaller government have any idea what that will mean to the DelMarVa region?

What about all those towns that support what’s left of the military bases across the country?

How about those companies building military infrastructure?

Who’s gonna shore them up? The Koch brothers? Mercer?

C’mon. Seriously?

You want to see what happens when you open holes in a damn that holds back the flood? Just wait until we go over the Fiscal Cliff.

Just remember: There aren’t enough Democrats to stop the process this time. They won’t be obstructing anything. They’ll holler but they won’t be able to fix the problem and the GOP are too damn busy trying to put out the coal seam fire that is the Trump Russia disaster.

We are 78 days and counting to the end of FY2017. There is no budget. There’s only a fanciful laundry list of wants thrown down from the mount by the illegitimate Russian shill who portrays himself as President.

Think I’m kidding?

Just wait.

A little over 24 hours to go…

A little over 24 hours to go…

There’s a lot of disinformation out there right now. Here are the top three articles you should read before October 17th, so you know what’s coming.

If you’re still blaming the President or the Democrats for this, just stop. You’re wrong. You heard it here first.

Rest assured of one thing, though: There will be NO Continuing Resolution. Not if Eric Cantor can help it.

Mark my words. For good or (more likely) ill, we are going to go over the Debt Ceiling cliff and the slow slide to economic disaster.

Hope you’re ready.

Who’s doing it and why?

1. ThinkProgress: Read This One Document If You Want To Understand Why Republicans Followed Ted Cruz Off A Cliff

How can that be?

2. The New York Times: For Many Hard-Liners, Debt Default Is the Goal

What’s going to happen next?

3. Bloomberg: T-Bill Rates Surge as Auction Demand Falls Amid Budget Impasse [Now behind a paywall because Bloomberg are greedy jerks.]

It’s all you really need to know. Until the House pulled their little “only one vote” shenanigans, there was still a chance to bail out on the path, but now? Nope.

Mind you, it won’t all happen at once, but when it does, there won’t be much left to do except pick up the pieces. And I’m dead certain that is exactly what the Neo-Confederacy is counting on.

Of course, it might not be all that bad. I could be wrong.

After all, so was Cassandra.

Right?

Just when you thought you understood, someone explained it better…

Just when you thought you understood, someone explained it better…

Cassandra isn’t my name. It never has been, but there are times when I can’t imagine a better, more proper identification for how I view the world.

Take this shining example of hindsight, brought to you by EPI, by way of The Atlantic.

A Giant Statistical Round-Up of the Income Inequality Crisis in 16 Charts

But who is EPI?

From their website (www.epi.org):

The Economic Policy Institute’s mission is to inform and empower individuals to seek solutions that ensure broadly shared prosperity and opportunity.

About EPI. The Economic Policy Institute (EPI), a non-profit, non-partisan think tank, was created in 1986 to broaden discussions about economic policy to include the needs of low- and middle-income workers. EPI believes every working person deserves a good job with fair pay, affordable health care, and retirement security.  To achieve this goal, EPI conducts research and analysis on the economic status of working America.  EPI proposes public policies that protect and improve the economic conditions of low- and middle-income workers and assesses policies with respect to how they affect those workers.

Interesting, huh?

I’ve known this was going to happen since my senior year of high school (1980-81), though I never had the facts or figures to back it up. The phrase “Trickle Down Economics” and its bastard brother “Supply Side” have been with us since Reagan took over as President. I have no love for the GOP, and certainly none for St. Ronnie, since he took away my access to my deceased mother’s SS Survivor benefits when I was in my second year of college. (I would have voted for John Anderson if I could have, when he ran as an Independent against both Reagan and Carter, the latter of whom I supported in his first run.)

Even then, those responsible recognized cognitive dissonance when they heard it. The Atlantic noticed way back in 1981, with this article: The Education of David Stockman

“The whole thing is premised on faith,” Stockman explained. “On a belief about how the world works.” As he prepared the script in his mind, his natural optimism led to bullish forecasts, which were even more robust than the Reagan Administration’s public promises. “The inflation premium melts away like the morning mist,” Stockman predicted. “It could be cut in half in a very short period of time if the policy is credible. That sets off adjustments and changes in perception that cascade through the economy. You have a bull market in ’81, after April, of historic proportions.”

Reality and the myopic view of the then (and now) GOP leadership have proved very, very different. Robert Reich understands this all too well.

UNDERSTANDING THE FISCAL CLIFF (in 2m 30s):

The sad, sad truth, though, is that whether Sequestration happens or not, we still have a ridiculously long way to go. We seem to have learned nothing in all the time since Dickens first observed so wryly (by way of Ebeneezer Scrooge in A Christmas Carol, a perennial family favorite) just how little most of the rich care for those beneath them.

Scrooge can’t fathom why the poor deserve a break, declaring December the 25th “a poor excuse for picking a man’s pocket.” His grudging day off for his underpaid clerk is the only tip of his hat to sacrifices for other human beings who have less, until his partner smacks him upside the head with reality.

Dickens’ classic does not mention going to hell. There is no discussion of a vengeful god or of a fire-filled eternity. Hell looks very different in Scrooge’s world. His partner, Jacob Marley, knows too well the consequences of a life void of human compassion.

For all the GOP’s constant bluster of morality, public industry, private corporations like Hostess and even the politicians in Michigan and other Right to Work states fail to care about the impact their personal economy has on the US and our majority of poor and middle class. They should be forced to spend some time in the shoes of their employees. Unfortunately, A Christmas Carol is a work of fiction and there will be no Ghosts of Christmases Past, Present or Future to break the chains they forge in life.

It’s up to us. I hope we’re up to the task.

Theme: Elation by Kaira.