Well, I kinda feel like I should consult my Bucket List for some crazy shit to fill these next four days...sky-diving? spontaneous travel? tango lessons? eating monkey brains...well, maybe not that last one. But I do hear they're quite good chilled.
Regardless, the final countdown is upon us. And judging by the news blasts I get from various sources, we're full steam ahead towards a default and every damn politician's too proud to reach for the break or cut the wheel.
As it stands right now, the Senate has rejected Boehner's debt plan and Obama is pleading with everyone to move forward with a plan.
The way I see it: the right, who's stance has become hardened and far more immovable by extremist Tea Partiers is going to force the left to cede on several points, making the eventual deal absolute dog shit. If that doesn't happen, we'll default. And you know what, why not?
Maybe we need it. Maybe as a country we need to fall on the cold, hard surface of concrete failure to wake up and fucking give a shit! To demand that this ridiculous juvenile banter NOT be a part of democratic governance. To become engaged, or at the very least, have the slightest fucking clue as to what's going on. Maybe it will take a massive default to make that happen. Because the way I see it, either way, things will get worse.
I really hate to be so pessimistic but let's look at the options. As I suggested, new taxes won't be on there in any useful form. Loopholes for the rich and greedy will remain in tact, because both sides are up to their necks in corporate shit. Government spending will be annihilated. In fact, anything remotely "Keynesian" will be flushed.
Keynes, as you may know, was the British economist who among other things, founded the IMF (the original one, not the debt hauling colonialists of today) and built up an economic theory based on choice government spending to bolster a sagging economy. It was this mentality that the New Deal was founded upon. Even Nixon once said, "We're all Keynesians now." Well Dick, not so much anymore.
Nope, now we're Freidman fostered, free market corporate junkies, and anything government can do, big business can do better. Cut government spending, cut taxes and hope by pulling the regulation rug out from under the market, it'll be stable enough to find footing. Well, it's not! For fuck's sake, look at the facts: for example (again, I urge you to do research as well - not hard facts to find), according to JPMorgan Chase - a corporate heavyweight - U.S salaries are at a 50-year low relative to the GDP and company sales. Simultaneously, profit margins of big corporations have soared to almost 13%, the highest since the 60s. And why are profit margins so damn high? Well, at least 75% of the reason, is because wages are low. In a nutshell, pay people less, keep more. Makes sense. Is that any way to boost an economy? Fuck no! Does anyone give a shit? Apparently not.
As Harold Myerson says in the Washington Post, "Where's the rage?"
I'm with you Harold, where the hell is it?
We may not have the ability to pull out a New Deal, but we certainly have the ability to cut tax loopholes for the rich and raise taxes to boost revenue, WHILST boosting government funded infrastructure projects. That in turn would provide jobs for the now 9.2% of Americans out of work, who would then be taxed according to their wages, and in tiny steps, the economy would pick itself up off the floor, begin to lick it's wounds and maybe, just maybe sneak out of the House before right wing Tea Partiers beat the ever loving shit out of it.
But I fear that view is too Utopian. At least for where we stand right now. And that is why I play with the idea of a default, play with the positive aspect of giving every single American a kick in the ass. Because that's who's gonna get it. You don't think the pansy political players in Washington are gonna feel a pinch. No, no. They're career politicians, pockets deeper than pre-historic caves. They'll be fine. It'll be you, and it'll be me. The ones who have up till now, paid for it, and due to our laissez-faire response, will continue to, because we make no motion to object.
So for the next four days, enjoy apathy, enjoy the nonchalant carefree attitude of a citizen with no woes. Because the gigantic cloud of woes hanging above us, will drop. If not on August 2nd, at some point in the future. We will be forced to care. Unless by some miracle, we wake up before we are woken...
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