Dear America,so as the way things continue to roll, trapped under a multitude of mind-numbing atrocities against the Republic, unimaginably impotent of our founding principles, and frozen in time -- stymied by a history that keeps repeating itself of the worst possible kind....that being, self-inflicted, of course -- welcome to a new day, second verse same as the first. Welcome to the new America, where the way of bad governing runs by Continuing Resolution.
And BTW, the world seems not to pleased.
To post @French24:
"The fundamental situation that the debt growth rate significantly outpaces that of fiscal income and gross domestic product remains unchanged," Dagong said in the statement, adding Washington's solvency was vulnerable as old debts were still repaid through raising new debts.
"Hence the government is still approaching the verge of default crisis, a situation that cannot be substantially alleviated in the foreseeable future," it said.[And adjusting America's credit rating from A to A-]
And via The Telegraph, getting immediate response from Christine Lagarde:
Christine Lagarde, IMF managing director, welcomed the deal but said the shaky American economy needs more stable long-term finances. The deal only permits the Treasury to borrow normally through Feb. 7 and fund the government through Jan. 15.
"It will be essential to reduce uncertainty surrounding the conduct of fiscal policy by raising the debt limit in a more durable manner," Lagarde said in a statement.
Oh and what did the market do this morning, after days of pundits claiming the sky is falling, the market will tank if we don't do this...it still dropped upon morning light.
From head of Fed, Dallas, Richard Fisher, via NBC:
"Kicking the can down the road for a few months will not solve the pathology of fiscal misfeasance that undermines our economy and threatens our future," Fisher said.
Oh and you know the best part?
Apparently, following the way of the eleventh hour passing of the Obamacare legislation, the new way of governing includes a common core rule of thumb: we have to pass the piece of crap to find out what's in it.
See windfall Kentucky, here. THREE BILLION????
See windfall to millionaires, here.
See total overhaul on "the Debt Limit" rules, here. [And a great big thank you goes to HuffPost for the nice, clean copy of the text. Simply beautiful. But let me be clear -- it's a beautiful copy, not text.] But speaking of which.......
Let's go to the clean CR.
THIS is a clean CR?
Just gotta love what is titled, "Division B -- Other Matters."
It begins making changes to what?
That's right. Obamacare.
But what else is new, considering the seventeen changes already unilaterally admitted by executive office domination and control, right?
While the second half of "Division B -- Other Matters" includes a carefully maneuvered slight of hand, masterfully procured by the art of political folly meeting up with the nanny state. Hello.
In this section -- referred to as the "Default Prevention of 2013" act -- bureaucrats gain the upper hand, to save themselves from ever having to argue on behalf of fiscal solvency again.
If they can't find the muscle NOT to raise the debt ceiling, how in the world can we expect them to find the will to deny it when the time comes? There is no debt ceiling anymore -- and it will take a massive 2/3 majority vote to get it back. And even then, the president can override by veto.
Let's circle back to the Chinese view: "The fundamental situation that the debt growth rate significantly outpaces that of fiscal income and gross domestic product remains unchanged."
We need to think long term; not short term, with a government merely funded until January 15....And the Treasury can only borrow through February 7th? That's a good one....
And Fisher: "Kicking the can down the road for a few months will not solve the pathology of fiscal misfeasance that undermines our economy and threatens our future."
We haven't solved anything.
We haven't corrected the assault on freedom by virtue of Obamacare.
We haven't reconciled the ongoing, fundamental fissures and schisms within the conservative message and voice.
We haven't educated the general public to the whole truth -- by virtue of the leftist media machine, the political vitriol foaming from the mouths of Obama and his minions, and sadly, with great assistance, self-inflicted by the incomprehensible, inability to articulate the conservative message in unison from the right. But the truth is:
We can't keep
I mean, come on! we haven't operated from a real budget in years! -- managing to keep afloat only by CR, and only after mind-blowing political brinkmanship, is no way to run a government. Not to mention, when we bring in over 200 billion/month, and the interest on our debt is 10% of that, the only reason this nation would ever default would be if our leader made it so.
And about that "pathology of fiscal misfeasance"... the one that undermines the fundamentals...how about the republicans begin a dialogue on that starting today. Start by declaring NOT your happiness in the so-called "bi-partisan" CR, adulterated with pork, special perks and allowances and exemptions, and the unseemly propping up of a propagandist-in-chief. [McConnell should resign; Boehner should be replaced as Speaker, until such time he loses re-election.]
A clean CR, my fair ladies and gentlemen, boys and girls, we've been duped (again). And just how in the world could the republicans sit back and take it like the bad medicine it is, part and parcel of Obamacare itself? Perhaps they need shipments of Muscle Milk sent to them en masse...maybe then they might get it.
He said he would not negotiate and he meant it. Sure, we get that, Mr. President.
And still, he speaks today of "the shutdown and the threat of shutdown...and the threat of default...the self-inflicted crisis that set our economy back.... there was no [there, there] economic rationale for all of this...who claim their actions were needed to get the country on the right track" as if he had no hand in any of it whatsoever, the spectacle that it was.
Only You, Mr. President, threatened default. Only you, shut down the government, picking and choosing what stays and what goes. And only YOU, Mr. President, used it as a means to extort capitulation of the opposition. How can we go from everything being Bushie's fault, to nothing being his fault (BO's), and back to Bushie's fault? But more important, do you not understand the direct correlation of good leadership with where the Buck stops? You act like you had nothing to do with this...spectacle.
Is this CR your idea of a clean CR -- in the same spirit as .... "Let the bill go to the floor and lets see what happens. Just vote. Let every member of Congress vote their conscience and they can determine whether or not they want to shut the government down...My suspicion is, my very strong suspicion is, there are enough votes there, and the reason Speaker Boehner hasn't called a vote on it is because he doesn't apparently want to see the government shutdown end at the moment unless he's able to extract concessions that don't have anything to do with budget."
The thing is, upon morning light, looks like McConnell gets 3 billion dollars, while the president gets everything he wants and more. The rest of us...well, we get to witness the spectacle that is bad government continuing. A continuing resolution makes it so. And it's to be continued.
Make it a Good Day, G