Posted on 08/03/2011 8:26:58 PM PDT by Absolutely Nobama
Now that the dust is beginning to settle from the Great Debt Limit Debacle of 2011, one thing is clear: No one won.
The Establishment Republican Party lost. The RINO herd was exposed once again as the weak-kneed inheritors of the Neville Chamberlain's sorry legacy. The Authoritarian Left lost. Their overheated rhetoric was exposed for what it truly is: Utter crap on a stick. The Conseravtives and the Tea Party fought gallantly, but they too, went down to defeat as they were unable to defeat the apathy of the Establishment Republican Party. Fuhrer Obama lost when his famed Blitzkrieg stalled in the Russian winter known as "reality".
Everyone took a beating, but the real losers, I'm sorry to report, are the future taxpayers of the United States . (Also known as our children and grandchildren, whether they're unaborted, real, living humans or are still sparkles in your spouse's eye.) They're the ones who are truly going to pay for The Great Debt Limit Debacle of 2011. After all, they're the ones who will have it taken from their hides.
As Rush Limbaugh and others have pointed out, The Great Debt Limit Debacle of 2011 is nothing more than a disatrous tax increase. Chairman Obama and his socialist allies have gotten their grubby paws on 2.4 trillion dollars, which will undoubtably be wasted on all kinds of useless crap. That money is going to have be paid back somehow, either by direct taxation, indirect taxation by taxes raised on corporations, or by inflation. (Or a combination of all three. Won't that be swell ?) This tsunami may not hit right away, but believe me it's coming. When it hits, there won't be time to negotiate reasonable austerity. We'll have Greece-like austerity with the added treat of having the rest of the world hating us for setting off a global depression. With that hate will come more terrorism and more wars to be fought by a military that will have to buy its gear at Kmart. Like I said earlier, this may not be something that you, me, or the temporary politicians that have brought us to the brink will have to deal with. Our children and grandchildren will be stuck paying the check.
Is there a way out ?
God, I hope so.
Ping!
“one thing is clear: No one won.”
BS.
The government won and the taxpayers lost.
It is not that hard to understand the failure of the king.
The RINOS are a real sorry bunch.
ditto.
Cheers!
Mostly correct, except as Rush stated, Obama won.
He wanted only one thing and he got it: no more debt ceiling issues until after the 2012 election.
Rush posited that the Russians and Chinese must have joined the TEA Party because they are sincerely concerned about American debt and the ability to pay our bills.
“The government won and the taxpayers lost.”
For now, but eventually that house of cards will crumble under its own sheer weight.
RINOs= Socialist-lite
“Taxing for prosperity is like f*cking for virginity.”
Consider this line stolen/redistributed.
Beyond awesome!
(I'm considering opening a CafePress site or somesuch...)
Cheers!
Per usual, Rush is right. Obama is quite successful in exacting his agenda on the U.S.
“He wanted only one thing and he got it: no more debt ceiling issues until after the 2012 election.”
He’s not totally unscathed. He is currently the proud owner of a 42% approval rating, according to Gallup.
Make no mistake about it, Chairman Obama was handed a lifeline by the RINO leadership of the Weeper of The House and Mitch McConman.
Inflation is a tax on savings. Usually, we tax income or spending (sales tax), or even inheritance. We think of our savings as OURS, nontaxable.
But deficit spending causes inflation, and our savings depreciates in value. Those who are retired, living on interest from their life savings, are about to be put into the poor house. The new deficit ceiling was built on the backs of retired folks.
Rush is a genius, no doubt about it.
Almost time to hit the “Reset” button. Not looking forward to it but I am afraid it is inevitable.
Real losers?
That’s easy - the American people!
Yep.
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