Quote of the Day – 2011-08-08

WizardPC masterfully sums up the whole debt ceiling fiasco. The best part?

Democrats: Republicans are evil, and these cuts are going to kill Granny.

Republicans: These cuts are awesome. We totally won!

Tea Party: Umm…these cuts don’t amount to much more than a rounding errror. $100b a year? And most of the cuts don’t come until like 8 years from now? If those were binding, wouldn’t the current budget be the one Republicans came up with in 2003?

S&P: Yeah, remember how we said you had to be serious about budget cuts? DOWNGRADE

Democrats: This is the Tea Party’s fault!

Tea Party: WHAT!? HOW!? We didn’t get anything we wanted! [facepalm]

The cuts* are a joke. Actually, they’re not a joke – they’re a scam to trick the general population into voting [$PARTY].

* Which aren’t actually cuts in spending. They are simply a promise** to increase spending less than was projected with current growth rates.

** It’s not really a promise, either, because it doesn’t actually bind future sessions of Congress to actually make those so-called cuts. Just for example, say the deal says “The 2013 budget will increase by $299 billion instead of the expected $300 billion.” When Congress creates the 2013 budget next year, they could actually make it $310 billion.  To put it simply, Congress can simply counter this year’s vote on any subject with another vote next year. This holds true for any bill, including budgets.

END OF LINE

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2 Comments

  1. Kevin H B

     /  August 8, 2011

    We are hopelessly led by the unknowing towards the unknown. And the One is clueless and blameless….

    Reply
    • Sadly, I’m really starting to question the application of Hanlon’s Razor to the people in charge. If nothing else, sufficiently advanced stupidity is indistinguishable from malice – and sometimes that’s the idea.

      Reply

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