Nobody in DC wants to correlate the rising debt ceiling with declining jobs.
The rising debt ceiling has two consequences....
more regulation ...
to occupy employees in expanding federal bureaucracies...which expand because “they have more money” and another layer of bureaucrats need their 20 year promotions... Each round of regulatory expansion is the effective equivalent of another targeted tax increase on the object of the regulation.
more taxes...
The rising debt ceiling has demands and expectations of creditors for new elements of “revenue raising” by the Feds...taxes or fees.
In this strangling environment job creation is simply NOT possible.
In fact the only logical conclusion..can be ..is that the Federal apparatus -initially an asset to the United States..by virtue of its abilities to raise an effective Navy in the late 1700’s, and early 1800’s to facilitate overseas trade on behalf of the States, has become nothing other than the States greatest liability at this point in time. In the absence of profound regulatory and taxation reform-which is not capable of coming from the same minds that created the problem..we may well be at the end of the line.
For DC to face this fact...means the end of the K St-Congressional Party cycle in DC-the one that keeps repeating “2.4Trillion” as their mantra.
IMHO...the only solution is a 50 state secession from DC at this point...with a completely new “Constitutional Re-Federalization”..
Good set of two, but there is a third. Incurring the debt is done by siphoning off capital from the free market that would otherwise be used to create jobs.
One of the major problems is that Congress and the President don’t realize how pissed off the people are getting and I mean all the people. I have never seen this amount of anger in our country. The sad thing is, it seems as though our President could care less. He may not last until the election.
Well said, mo. I entirely agree.
Among other things, the federal Leviathan is hell-bent-for-election to extinguish the Tenth Amendment of the Constitution (not to mention the Ninth). Anytime a State passes legislation it does not like — e.g., regarding illegal immigration or firearms policy — you can count on the insufferably block-headed Attorney General Eric Holder to bring a federal lawsuit against that State.
You wrote:
IMHO...the only solution is a 50 state secession from DC at this point...with a completely new “Constitutional Re-Federalization”..Jeepers, it may have to come to that. Especially if the presumably "independent" courts consistently find for the federal government in such disputes. But we aren't quite "there" yet. Or so it seems to me.
Personally, I am so glad the States are "pushing back" against overweening federal power, as 26 States did WRT Obamacare. But then again, that same federal power has already made the States "dependent" on its ill-gotten largesse in so many ways, that there is probably a limit to how much "pushing back" the States are willing to do. We'll see about that....
I as a citizen have no standing to sue the federal government for its irresponsible policies. But the States do have such standing. At least for now.... I hope they will "stand up" while they still can....
Thank you ever so much for writing, mo!
p.s.: You might enjoy Calhoun's Disquisition — he was the quintessential "States' Rights" guy....
So, in effect, your two points of Regulation and more Taxes is essentially one point - more taxes.
In the absence of profound regulatory and taxation reform-which is not capable of coming from the same minds that created the problem..we may well be at the end of the line. ...
IMHO...the only solution is a 50 state secession from DC at this point...with a completely new “Constitutional Re-Federalization”..
I don't think a 50 state secession is possible. Too many states like NY, CA, and Mass. So that leaves us with only some states willing and we are back to the 1850s all over again.
The best solution is to keep the Tea Party movement energized and retake the Senate, increase our majority in the House and elect a dynamic and conservative President. Even then, and it is easy to forget this in light of all the propaganda, we will need a filibuster proof majority in the Senate. We hear so often that when the Republicans had all three branches we still didn't do so-and-so. That was because the Democrats used every procedural and rules gimmick in the book to stymie the Republicans because we had only a small majority.
It still amazes me that we never seem to return the favor, although I think the Tea Party Republicans in the House did actually do their part. For that they were called terrorists. The Democrats are called clever and wise when they use even more severe tactics.