Memes, Memes, Memes – Debt And The Battle For America’s Future

Memes, Memes, Memes – Debt And The Battle For America’s Future

By GJ Merits

Rating agencies state they may lower America’s credit rating as soon as this Friday.

Read it again and let that sink in.

The reason provided has nothing to do with the debt ceiling. Nothing at all. However, it does have everything to do with one of those two words. That word is debt. Even if a debt ceiling increase passed today or two weeks ago – if it did not include a long-term plan to restructure the country’s debt, rating agencies would lower America’s credit rating regardless.

This must be spread far and wide. The downgrade that is coming has nothing to do with the failure to raise the debt ceiling. It has everything to do with the amount of debt. Those who are going to downgrade us have said as much. Therefore any downgrade is not the fault of  the Republican’s for failure to give Obama what he wants, but rather rests squarely on the shoulders of Obama and the liberals for increasing debt at an astronomical pace since the President took office.  Bailouts, quantitative easing, printing money – nothing has worked.  While true that shrinking government is a beast we have yet to meet – even under Reagan government grew – the recent crises brings into sharp contrast the complete failure of the Statist culture, a blame shared by both parties.  However, it is under Obama that we are introduced to the insanity of any tact that seeks to grow government and increase debt.  If you still blame Bush, it is time to pull your head out of the sand.  Yes, he contributed to the problem, but Obama is the big spender on steroids.  If re-elected under any circumstances your problems will only increase to the point of ruination. If you did not learn your lesson the last time, let me clearly state that your best interests and the country’s best interest are both served by lowering debt.  This is a given.  It is also a given that Obama has no interest in your best interests.  Don’t be fooled twice.

It is debt and not the failure to raise the ability to raise more debt that is the problem.  This is the Obama way and one can quickly see insanity on full display in such an ideology.  This is a meme war and the first battle will be the battle of the blame.  To win a meme battle you need to repeat the target meme like a mantra so it sticks.

This has to be communicated with a second background message that none of this should lead one to the conclusion that raising taxes will have any real impact on the fundamental problem.   The bottom line is that debt is the problem and not the debt ceiling.  Talk of a big solution should not, in any way, include what is being couched in the disingenuous phrasing “revenue increases”.  Constant posturing by pointing the finger at evil corporate jet owners and millionaires and talk of raising taxes on the rich add nothing to the debate but noise.  It is a deflection and quite necessary for Obama since once the country figures this out, the gig is up.  As solutions go the contribution of such nonsense to debt reduction is minimal and may possibly throw us into a second recession.  Trickle down poverty.

We must elect true fiscal conservatives to all levels of office at both the state and national levels.  John Boehner’s and Harry Reid’s recent childlike foray into the debt deal solution only prove a point; kicking the can down the road is a past-time enjoyed by both parties.  Unless you want to really suffer, then it is time to stand back and take a second look at the real problem – Statism.  And make no mistake, my dire warning of suffering is not cooked up to scare you into pressuring DC to stay the course.  Whether the left foot or the right foot kicks the can makes no difference.  If we don’t force the end of this game then the price you and all of us pay will teach us lessons of just what ignorance buys you these days – the permanent removal of a promising future.  By all means, stay politically disconnected or bow at the altar of your party.  To save you time, I suggest staying in that position, as it exposes a part of your anatomy the government is only too willing to violate.

Debt is why we will be downgraded.  Debt is the problem.  Raising taxes is not the same as lowering debt.  Memes, memes, memes.

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One Response to “Memes, Memes, Memes – Debt And The Battle For America’s Future”

  1. It's hard to see what can actually be done by the average person to prepare. If a stock market crash is coming, and the dollar is going to tank, the wisest thing to do is sell all our stocks and go into gold or similar assets. But that will push up the price of gold, and it could also cost us a lot if a downgrade DOESN'T happen. I guess for me, simply selling all my stocks and holding onto the cash is the smartest thing to do. But it's purely defensive–it doesn't really fix the situation. And I'm not sure what would.

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