Very hard to decide; Economy or Politics; Politics or Economy.
http://about.bgov.com/2011/07/12/august-invoices-show-u-s-treasury%E2%80%99s-limited-choices/
It's Bloomberg; I hope it's accurate.
I took the challenge....came in at 171.6b - does that mean I get to keep the rest?
In a sense it doesn't matter if it's accurate or not because it's all a false premise. Who says that 'we' have to pay every dime of every presumed obligation in every category on August 3rd? The 'gotcha' the left wants to play is that any reduction in spending equates to someone 'getting hurt' and offers another opportunity for finger pointing and blame.
We know we have been in a state of crisis for years now. Where are the efforts to trim budgets and eliminate waste? The answer is nowhere. The bureaucrats are hanging their hopes on us remaining malleable and gullible, and to continue to live on borrowed money and borrowed time.
I'm not so old (or so silly) as to have forgotten that if I jump up into the air, no matter how much I desire to remain floating, or how hard I hope, sooner or later (more like sooner!) I'm gonna come back to Earth. Oppressives often choose not to believe that law of nature. That doesn't excuse them from being subject to the law.
The laws of Economics aren't as elementary as the law of gravity. There are many more ways in which dishonest people can hide or distort the manifestations of the laws, but sooner or later those selfsame laws take their measure and run their course.
One of those laws of Economics is that you can live on borrowed money - but only for a limited period, and only at a great expense. See, that wasn't so hard, was it? Obey the law and resort to deficit spending only for a short duration, only as a planned expenditure, and only as a last resort and you'll most likely make out just fine.
Try living on credit cards and you'll find yourself out on the street soon enough.
Every day that we deny the truth and continue to spend what we cannot pay for is one day sooner to when we collapse our economy - perhaps irretrievably. That is why I look at that man, standing there lying to us, and get......irritable. He's not a stupid man. Although there are universes of things that he does not know, he knows that what I say is true.
And he's not alone in his arrogance. The entirety of his party is just as dishonest and venal as he is. And the pubbies? Not much better. Their approach to this crisis is not unlike the alcoholic enabler who thinks that they can control the disease.
Meanwhile, all I can do is attempt to get my meager resources in order in anticipation of the inevitable crash and carp about the pathetic losers we have as 'leaders'.
Patooie!
