Sunday, May 28, 2023

debt, default, and the doctrinaire ( with accent on debt )

the media have announced that the great compormise has been reached...
and , no doubt, the doctrinairians in the house freedom caucus and the congressional progressive caucus are whining, if not plotting procedural sabotage of something that doesn't meet their stringent, dogmatic standards...given the conservative tilt in goverment these days ( where, one wonders, is the new "tail gunner joe"? ) the thoughts of sabotage are likely more prevelant in the freedom caucus..and why? the few detail i have about this compromise entail more stringent work standards for those receiving food stamps and aid under the assitance for needy families program...ah..targeting the already underprivileged...nothing new in swamptown about that...yes, defense, social security , and medicare are shielded...no conservative is going to cut military spending and, say what you like, the whores still fear the boomers as voters and rightly so...i am a boomer and the neocons can go pound sand...social security is not a handout...i paid for it all my working life ( and am still paying into it ) and medicare is not free either ( and , yes i am ranting but this is a fucking rant blog and i did not force you to come here so shut the fuck up or leave )...however social spending is the target...throw in cuts to the irs budget which biden expanded, allegedly, to go after wealthy tax cheats...a fine idea..i pay taxes, so should they...and the "streamlining" ( read rubber stamping ) of the permitting process for "major" ( define Major ) energy projects and you can see that the burden of the "compromiise" is going to be shifted onto the less economicaly advantaged...why? i said "with accent on debt" in the header for a reason...and let's start small and work up...the "major retailer"i work for ( and we could get off on a whole seperate rant about the retail world and the second law of thermodynamics ) relentlessly sweats its salespeople to flog its pricey credit card...why? they want people to incur debt and, hopefully ( for them ) to carry a balance and service the interest...prefferably making the "minimum payment" to extend the indebtedness in perpetuity because interest on debt is the only thing that creates "new money" all the other financial shenanigans simply move wealth around...and retail is so sloppy it needs all the money it can get..now extrapolate that out to the great "compromise" and ponder if that will ease or exacerbate the debt of the "lesser kind"...i continue to come back to debt as the national political agenda in a congress ( and, by extension, an entire political system ) dominated ( or wholly owned ) by capital...debt penury in perpetuity for as much of the polity as possible because greed drives the machine and congress is owned by the top tier of greed...to borrow one from chamfort "it's easier to make something legal than to make it legitimate"...whatever these people do it is not done in your interest or mine...old samuel langhorn clemens had it right.

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