Friday, December 7, 2012

Fiscal Cliff? Even Democrats don't support the President

The White House on Thursday admitted that even Democrats don't support Obama's tax increases. Of course they don't  well at least some of them. The whole thing is theatre and nothing will be solved until the fiscal crisis causes high inflation or a true collapse, either way we citizens are screwed.

“We don’t have 60 votes in the Senate,” White House press secretary Jay Carney said, adding the White House was “very confident” that Democrats support the principles outlined in Obama’s plan, which has met with derision among Republicans.

For whatever delusional thinking the President and his staff want a collapse. I just don't see how this can end well. If the result of all the fiat money printing and free spending by Washington leads to sever inflation than all bets are off. As food and energy cost rise the main people who are screwed are the working poor.
As it is modern American society and western culture as a whole is nine meals away from anarchy. With are fragile interconnected infrastructure and economy any disruption in energy or the financial markets will have huge repercussions.

It's to bad the idiots in Washington and in most State and local governments are the best we can do.

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