Debt ceiling: borrowing money we don't need from kids yet unborn
America is governed by an aristocracy.
The U.S. Treasury claims the government remains just $25 million under the national debt limit, a position it has now held for a hundred days. In the meantime, the treasury says it has been using extraordinary measures to maintain that number, and those measures will expire on Oct. 11.
Known as "the usual extraordinary measures," according to Treasury Secretary Jack Lew, those measures include raiding disability funds, cashing in on treasury securities, and raiding federal retirement funds. These measures have bought some time, however given the rate of federal spending, it's unlikely they bought enough to extend the country's credit through October 11.
Nonetheless, the authorities have set the deadline for October.
At that time, Congress will have to either vote to borrow more money against our children's future, or cut spending, despite the sequester.
What we are observing is a government scam of epic proportions. The federal government spends money it doesn't have against the credit of people yet unborn, to pay for things we shouldn't need. Among those things are supermassive surveillance programs, drones, cruise missile strikes, free contraceptives for women, massive political campaigns, and legal battles to batter back the will of the people where they oppose homosexual marriage and abortion.
An aristocracy that cares only for itself and views the people as a resource now rules us. According to Mark Levin, there is more turnover in the House of Lords than the U.S. House of Representatives.
Our political leaders have become an aristocracy with separate healthcare, separate retirement, and privileges and perks that most CEO's can't even access. Counterpart to them is another aristocracy made of two-bit celebrities who have more money than self control or talent.
Congress sends us bread and the celebs provide the circuses.
Meanwhile, the rest of us, oblivious to the numbers game in Washington, because the numbers are too big to calculate, are busy rageposting on Facebook about Miley Cyrus, but post nothing about government spending, a pending war in Syria, or the general erosion of privacy and freedom in our nation.
© 2014 - Distributed by THE NEWS CONSORTIUM
Pope Francis Prayer Intentions for March 2014
Respect for Women: That all cultures may respect the rights and dignity of women.
Vocations: That many young people may accept the Lordís invitation to consecrate their lives to proclaiming the Gospel.
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