President of the Few Exaggerates Impact of Sequestration

Now I know that for many folk, the sequestration is either serious or not. Although I do accept the ramifications of the process, it is hard to get real involved in make believe political nuance. But as such, It is equally as hard not to weigh in on the inside the beltway kabuki theater we surmise as Washington politics. First, what get me is the big deal folk make out of this entire thing per an economic issue. If anything it is an issue of national security first and foremost (42 percent of cuts will come from defense). But I suspect this is what President Obama anticipated when he first proposed sequestration for whatever reason in 2011 (which in itself is another essay). I say this because I think he really believed that Congress would bow down to protect their cash cow “defense spending.” But they have since then taken his player card.

Truth be told from a federal agency perspective, it only $85 Billion (north of $40 billion this year), that they have to cut. I think what is missed mostly in all of this is that our issue really isn’t related to debt or the deficit, but rather credit and borrowing. Yes we spend too much no question, but ours is a credit problem – we borrow too much which makes economics ignore what is essential – that one can address the debt and deficit and encourage economic growth by leasing in on cutting wasted and duplicated spending.

Again it is just $85 billion. AIG got two times as much when the government bailed them out, yet we can find money to bailout Wall Street but not cut from what we already spend? I find that hard to believe because the average individual, family and small business owner, if had to, could cut less than three cents from each dollar earned without going bankrupt or homeless. I know less than 3 percent is possible from history alone. If FDR could cut the federal budget by almost 40 percent at the start of WW II in one year, surely we can locate 3 pennies of each government dollar currently spent.

Maybe this is why the theater. Three cents on the dollar won’t hurt if done correctly (end waste and duplication.) But if it hurt anybody it will be us, the poor folks in America who depend on services like head start and similar provisions. President Obama knew he was taking a risk, but instead of the wealthy he pretends he wants to tax, he put folk on the hook who live pay check to pay check, struggling to survive in poverty and who depend on head start on the hook as bait for house republicans. And they didn’t take it because they only grab on behalf of rich lobbyist (as well as democrats). Now we are back to Washington at its best, seeing that pointing fingers is more important to the administration and the congress than moving pencils and using erasers. The result is all outside in real America being stuck in the weeds on this matter.

In four days we will have Armageddon as the president describes it. Although all parties agreed to it, why is it Armageddon now and it wasn’t then? America outside the beltway isn’t growing fast like Washington, DC and Wall Street. Since looking at what has happened from 2009 to 2011, more than twenty major corporations have paid no income taxes. Including the likes of General Electric, Boeing, Verizon and Amazon [Amazon made billions in sales in 2011, while paying nothing in corporate taxes]. The reality is that since Obama has taken office, corporate taxes in the U.S., at an all-time low in which we see the most profitable companies paying nothing at all. Yet instead of fighting for the payroll holiday to continue President Obama did not fight for it, for these people were on the hook as bait. In 2011, Facebook made billions and paid not taxes yet was given a rebate of more than $400 million dollars the same year.

The fact is all of the above demonstrates that both the present administration and the members on the hill have only corporate interest at hand. Not only is it government for the few, it is also President of the few. Drake almost got it right, but I would say “we started from the bottom and we still here.”

is pig pu**y pork?

I have learned that magic is the art of illusion and that it only works on one species of organisms – humans. Not insects, nor fish, not reptiles. Now with this said, it is not hard to say that we humans can be tricked to believe, accept and follow anything without query. Now I know yawl that read my tractates on the regular will say this mantra is often repeated in my essays, as well as the concept proffered first by Thomas Jefferson that ignorance and freedom are incompatible.

It seems that we have allowed our ignorance to get the best of us for a long time when it comes to politics and politicians. I mean they have convinced us that we have powers that we don’t have, even the current commander in chief. In fact I would imagine that the job description for the President of the United States of America would read “to convince the people that they have powers and rights that they do not have.”

I don’t think it has been this way all the time, but I can likely say some of this shit started with Lincoln and was really put as the status quo under FDR. Now I know FDR is loved by many as is the current President, but the way I see it he was a foul draconian politician, who just like the current leader of our nation, used a banking emergency to tax folks up the azz and pass everything he wanted without question.

See on June 5, 1933, America changed, that was the day FDR took America off the gold standard. It was almost as if he was in the loop beforehand, or was privy to some info the common man aint have. This was to me the greatest trick, well the second greatest trick played on the American people. During this year, under the War Powers act of 1917 and the said banking crisis, he was given basically the powers of a dictator. Only trick greater is the illusion of the IRS. Yes the IRS, for by constitutional authority, we are not required to pay “income taxes” and because the IRS was not created by congress. Tell me I am wrong.

I mean from what I can tell it is a trust operated by the Secretary of the Treasury. After we (the US) conquered the Philippines and Guam, the internal revenue law of 1904 was passed. And not as a Bureau but as a trust that CREATED the Bureau of Internal Revenue. They even did it again when they established the 62^nd trust for the United States in 1940 with respect to Puerto Rico.

Now, I’m not hating, I just don’t believe FDR was the man as they said he was, and that the IRS really aint by constitutional authority required to ask me for my loot. We have seen this before, with Lincoln, and with the Victory Tax Act that was implemented under FDR. But we Americans need to wise up. We can not be so enamored at the person who is president that we forget that it is our country and that to tax and tax and tax when it really aint our constitutional requirement is foul. So let us speak up, it don’t mean we don’t like Obama, it just says that we take our existence or fiscal existence seriously. So don’t ask me if I think The president is pulling the wool over our eyes, and I like the man, but I will say as a question, is pig Pu**y pork?

And they’re off

Point of Order: Ok first off to Ensayn Reality for bringing his folk to the shop, having a glass of grape, his folk spending loot and supporting free enterprise.

I don’t know if I am the only one noticing, but doesn’t the folk around Obama seem to be taciturn, and maybe in disagreement of the manner in which he has so far addressed foreign policy and the economy? I mean in his own administration. First the Vice President statement that "there's still a 30 percent chance we're going to get it wrong." Then there were the two days of bumbling starring Tim Geithner on the Hill. The former New York Federal Reserve president, who looked the opposite way of Wall Street and all the breakneck and feckless behavior that has our economy where it is today; as well as the man who had a major role in letting Lehman Brothers fail, is looking more each day as incompetent in his ability to both make any decisive economic action, let alone serve as the point guard for Obama's economic proposals.

Now I won’t lie this at Obama’s feat, since the only part he had in it as an enabler was signing that first bail out bill. But as I have indicated above, I can at Mr. Geithner. What I can do is with Obama is study his plans, which seem to me a bunch of Malarkey, especially for a man so insightful with respect to history. Geithner basically threw the Obama administration under the bus basically asserting that they had no plan in place for the economy – which is really Geithner’s job description. Just like it seemed when The Vice President said what he said. I just wonder if Obama, didn’t expect this, seeing we knew whit Biden thought of Jones two years ago?

This is one reason I, as in a prior post by comment suggested and agreed with several readers that the current President is more akin to FDR to me than Lincoln. I would have hoped that this revisiting of the great depression would have been coupled with examine the position of Hans Morgenthau. Sixty years ago Morgenthau published Politics Among Nations, which systematized the notion of political realism. It was based on his experiences as the treasury Secretary for FDR. Morgenthau admitted that the New Deal approach of spending did not work and was short term; that no amount of spending at the government level helped in the long run. He admitted:

"We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot!" [Source]

I have basically decided to respectfully disagree with the Obama approach. I was down before any plan or non plan was presented. But what got me was what he said during his economic press conference February 9, 2009 “At this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back to life.” He had said something similar a month ago on January 8, 2009. It was the government that got us in this mess. It will only be solved by us on the ground, by saving, buying from one another and insisting that they stop shelling out loot for the sake of spending. It took us years, decades to get into this and most likely ten years to get us out of this mess - if the FDR years are any teacher.

As of now I expect it will be us on the ground, the foot solders that feel the brunt of our economic woes. For they seem to be jockeying for position in the Obama administration, and doing so on two fronts: the economy and foreign policy. Secretary Clinton is not even in the dog pit yet, but best believe she will soon. We all suspected that the Lincoln cabinet building approach was tenuous and fifty fifty at best. Yep it is on us because they are in the starting gate and they’re off.