I think it’s fairly well known by people that know me that I’m not in favor of either major political party In the United States. With that in mind, I want to inspect the latest crisis to hit our country, and though all of our problems seem to stem from an inability of our government to accomplish much of anything, this new money crisis is especially indicative of the seeming broken system we now have in America.

The IMF (International Monetary Fund) has recently criticized our lack of budgetary restraint, more than likely because of the likelihood we won’t be able to give away as much money to other nation members and entities, but we are losing all respect in money matters through the world because we can’t control our money.

Various world credit rating agencies such as Moodys Investor Services as well as Standard’s and Poor have said they expect to lower America’s credit rating due to our inability to control and balance a budget. America, once the world leader in every category conceivable, now is losing one of its last claims to world status because we spend too much more than we have. And it is not as easy as the so-called debate raging now about raising the debt ceiling. Even if the little kids in Washington come to an agreement about the debt ceiling, likely the credit rating bump is going to happen. Our budget this year is a whopping 1.3 trillion dollars in deficit. That means we are spending that much more in just this one year than we have. That figure has increased every year since Bush left office. His last budget had a 300+ billion dollar deficit. The total deficit is now over 14 trillion dollars. That can’t be fixed by tax increases of any kind. We are only paying the interest on our debt, and really we aren’t even doing that.

Raising the debt ceiling will only make it possible to put off the inevitable crash of our system and will not alleviate any of the problems that have caused us to be in that position.

And it has become nothing but a political non-fight as opposed to an actual attempt to solve a problem. Democrats and the President complain the Republicans won’t compromise, and Republicans demand that no new taxes be applied to any sector. And class warfare has become the watch word in all of this. It’s not about that y’all.

For example; if we taxed the top 20 billionaires in America of all their money that would total 643.5 billion dollars. That’s if we take every penny those twenty have right now. Additionally there are 1210 billionaires in the country so if we took an additional 1 billion dollars from each of them that would be 1210 Billion dollars to add in, (though I include the top 20 in that figure, and since we already took all their money we would really be 20 billion short there, but fuck em they were probably lying by at least a billion). Then there are7.8 million millionaires in America, so if we take one million from each of them and add to what we already ripped we have a total of about 2 trillion dollars and a bunch of broke rich people. That doesn’t pay the interest on our debt, so we still would be going backwards. So the argument that we need to tax the rich is really bullshit. We need to tax every single person…all of their money…every single penny to get it to line out.

And when the ratings agencies cause our national interest rate to go up, the scenario becomes even more bleak. Instead of accruing 2. 3 trillion in interest costs it could be as much as 5 trillion this year alone, so instead of the government’s own estimate of a 1.3 trillion dollar deficit in this year’s budget it would be more like 6.3 trillion. And that assumes we don’t raise the ceiling. That’s a mess dudes and Republicans want to cut 4 trillion in expenses over a fifteen year period, the democrats a few billion and no one wants to raise taxes, and the Democrats only want to take away some stupid loop holes for the rich. That does nothing.

At the current rate our debt next year at this time could easily be over 20 trillion, and over 30 in just one more year just because of interest, assuming we do nothing more that costs money. We have the cash to pay all of our bills now, and the debt ceiling has already been breached earlier in the year so that’s really a non-issue. The story from Washington should be how we are going to solve the problem, not get re-elected. And numerous people, Obama being the main one, have threatened that we may not be able to pay out Social Security next week. That is a crock of shit. Do you meant to tell me our government that we elected would rather pay interest to China and banks rather than take care of the people we agreed to hold their money for them? He is fucking lying through his teeth. And don’t get me wrong, the republicans are lying too.

Another scenario to consider is this. Banks are threatening to raise consumer interest rates should America’s credit rating be lowered even though that would have no effect on them at all. In fact a lot of banks would love to raise the rates on our government debt. They will make more all over. And guess what? Its lending us money we gave them. Sounds like collusion to me. We, over the last 4 years, raised 1.4 trillion dollars in bailout money for various banks and big businesses in our two major bailouts. We only gave out about 45 percent of that money to bail outs and economy building programs. Where did the rest of that money go?

I don’t have an answer, but I have recommendations. Shit can the military, and all government agencies…tomorrow. Spend the dough to blow up all our assets in all the foreign countries we have them , and bring all of our troops home, Fire every military contractor we have in every corner of the world. Do this all tomorrow. With those savings we could put that money in circulation to rebuild every highway, every hospital, every school, energy super-structure, and every real government entity we have. We could employ everyone that loses their job and still save a shitload of money. And have a better country that could once again become credit worthy and a world leader.