The kings of the earth, and the great men, and the rich men, and the chief captains, and the mighty men, and every bondman, and every free man, hid themselves in the dens and in the rocks of the mountains; And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth upon the throne, and from the wrath of the Lamb:
For the great day of his wrath is come; and who shall be able to stand? – Revelation 6:15
Every normal man must be tempted at times to spit on his hands, hoist the black flag and begin to slit throats. – H. L. Mencken
This is the Money season.
The mid-term elections are under fifty days away and the running campaign dialogue is about the economy, Jack; jobs, taxes, stimulus and deficit. In 2002 it was Vengeance, 2006 Anti-War; this time around it’s Money. And since there are only two political parties to choose from, they’ve opportunely split the baby on how Money is created, saved, spent, utilized and doled out; from the private sector to Washington D.C. Thing is, it’s important to come to grips with the fact that there will be nothing new offered by either faction. What the “new” Republicans have in mind, whether it’s the No Government TEA Party enthusiasts or traditional party hacks, it will be no different than Goldwater or Reagan or Gingrich. And what the Democrats counter with will be another healthy dose of FDR, Clinton and Pelosi/Obama.
Not one candidate you will hear from has the guts to tell you what the real deal is. I dare you to find them.
What’s the real deal?
For starters the always populace idea that the national deficit is killing businesses, crushing the dollar, spiking unemployment and laying out a death sentence for our children will be discussed in general terms but with no solutions. This is because fifty percent of the American public eligible to do so fails to pay taxes. Another fifty percent of said public is receiving entitlement payouts.
No money coming in and tons going out create a deficit; from the corner lemonade stand to General Electric. There is no new math. It’s the same shit.
Now, what you’ll get is Republicans repeatedly pointing out both of these factoids, but with a glaring refusal to face the obvious: The nose-pinching decision to either raise taxes, overtly enforce or enhance the current tax laws, or cut a heaping share of entitlements.
All of these “options” are, of course, political suicide, even in a year wherein anyone not in charge is an acceptable alternative, no matter how brainless or bizarre. Not even conservatives have the balls to start fucking with people’s entitlements. That went the way of Calvin Coolidge and his doom-struck clan. Even the Mighty Ronnie Reagan saved Social Security and when the Lords of Newt scared enough of the elderly, they ran to the booths to re-elect the Minister of Fun.
What about hammering away at tax cheats, loopholes and shelters?
Sure. This will happen. Next week.
Only the Democrats will start pitching that kind of nonsense, couched in atavistic Middle Class warfare rhetoric and the always-gangbusters anti-rich miasma, conveniently forgetting that from the dawn of civilization it is the ones with the Money who put Money on the Money tree. And since this is the Money Season, and definitely not the Democrat Season, this would also constitute a hot steaming bowl of political suicide.
But its desperation time in Dem Land and tossing out unconstitutional pogroms on the wealthy with randomly shifting tax laws, whether the ones in their favor or to penalize them, is expected. Not unlike Republicans suggesting emergency amendments denying another small segment of society—two percent or so, the right to marry.
Hey, as long as we’re deep into the Money Season, it can’t go without saying this country has always been schizophrenic when it comes to the rich, from celebrities to moguls. We worship them, dream of becoming them, but despise them to the point of wanting to siphon their funds to lighten our tax burden.
This segues neatly into the approaching deadline to extend, revise or let go of the so-dubbed Bush Tax Cuts. Of course none of these options does a thing for the aforementioned national debt but pile upon it.
The Republican plan to perpetuate a non-funded hand-back raises the deficit by three trillion. The Democratic plan to revise it and punish the top two percent of the economic equation jacks it to four trillion. No one, not one candidate or political play we are faced with does a thing to stop the deficit from climbing, let alone decrease it.
Meanwhile, as the country was temporarily distracted by a 9/11 hoax hatched by superstitious goobers using their voodoo tome to motivate the burning of a rival’s superstitious falderal, the United States government was selling billions of dollars of weaponry to the very country from which our attackers and their mastermind hail, Saudi Arabia. A supposed American ally, just as the Afghans, Saddam Hussein and lately the backstabbing Pakistani government before them, the Saudis will likely gather taxpayer funded firearms to turn on us in a generation.
Perhaps that would be Money best used to tackle the above issues, but then selling weapons to the world is one of our hottest commodities, like construction, food and engines. It’s just that unless it’s killing machines, we import twice as much as we export, another recipe for economic woes and political fallout.
Hell, like it or not—or having a political solution or not, there is not much wiggle room on either raising taxes or cutting benefits to lower the deficit or risk playing roulette with the tax laws in a time of economic crisis.
Oh, and by the way, this whole deficit whining is mostly a scare tactic. Non-partisan experts pretty much agree that with the lowest interest rates on record the deficit is actually more manageable now than thirty years ago. It’s better to keep money in the pockets of those who can and will use it to create jobs and loan or borrow Money, perhaps even, if miracles are still available to us, create new and improved manufacturing vocations for a change. Many of the same experts figure it’s been a little over twenty years since the U.S. of A. has done anything close to that.
So hard choices need to be made and difficult truths need to be uttered.
None of this is forthcoming from anyone.
James Campion is the Managing Editor of The Reality Check News & Information Desk and the author of Deep Tank Jersey, Fear No Art, Trailing Jesus and Midnight For Cinderella.