The crooks are out to get us. Their technique is fear, of course, using "ordinary household utensils", by which I mean economic stuff that's commonplace and which has never been a problem before.
Personally I think the bailout of 2008 was criminal since it didn't include any actual bookkeeping for the government. The banks were able to use the money for "whatever" and all we could do was say "gosh, they're getting bonuses after all".
But that was just the first step in the raiding of the Treasury. Now the trick for people I refer to as the bad guys is to come up with new ways to rob us. Last December's cave on the Bush tax cuts brought us....extended unemployment benefits! Yippee! Which, apparently, were traded away to get a debt ceiling increase. A debt ceiling increase! Who ever knew that was a crisis?
And now we have the S&P credit rating, as if it ever was in our consciousness before. It's a setup. We're going to be told that this credit rating is so super important that we'll have to cut the safety net.
http://www.sfgate.com/...
The headline there is "S&P's Chambers Says U.S. Debt Problems Need Bipartisan Solution"
You know it's coming. We have to upgrade that rating! Which means we have to listen to this guy who is, by the way, some guy who was never elected anything and runs a credit bureau.
check out this first paragraph
U.S. lawmakers need to come together as they did for a 1980s overhaul of Social Security and compromise on the medium-term consolidation of the country's fiscal position, said John Chambers, chairman of Standard & Poor's sovereign debt committee.
Catfood Commission II, here we come! The government will pretend to be in a panic over this and start slashing.
When this is done they'll invent some new crisis to scare us into giving up more.