When (or if) in a few months the debt ceiling is reinstated, clearly, the problems will all be solved. It's quite apparent that a government which created the debt ceiling to manage their spending of fiat virtual dollars, created the fiscal cliff to secure a raise of that debt ceiling, and then "avoided" the fiscal cliff by simply ignoring everything that was supposed to happen and all cuts that were supposed to take place only to come back and suspend this virtual self-imposed debt ceiling can be completely trusted to self-manage "necessary" spending. The "necessary" wars aren't slowing down at all, and hey, don't worry, when the decisions come down to the wire (and they will) there are backup plans for you, Americans:
Republican lawmakers are preparing to introduce legislation to direct the U.S. Treasury to make interest payments on U.S. bonds first and then prioritize other government outlays in case Congress does not raise the debt ceiling.Yes, just before the brilliant, totally unique, and responsible choice to simply suspend the debt ceiling, GOP lawmakers had an alternative plan: turn the entire country into debt slaves.
No, with this suspension of the debt ceiling you Americans are not (yet) complete debt slaves but let me ask you, when this all comes up again in a few months and you, the American people, are now in debt for more because of "necessary spending" (aka: wars), do you think this option won't be entertained then? The whole point of the fiscal cliff was to reduce the budget imbalance yet one would think if any parts of it could be reduced those parts would not be considered "necessary spending" meaning that if the government intended only to spend "what is necessary" then these cuts all could have been made at the time of the fiscal cliff, or the debt ceiling debate, or now - yet they are not.
With these failed politicians, failed debt ceiling, and failed fiscal cliff does anyone actually believe this situation can still resolve itself? That somehow events will turn for the better and not the worst? That by continually amending and ignoring the debt problem it'll somehow disappear? Of course it won't, you're all debt slaves now, any "necessary" spending these failed politicians do now will be added to the tonne of debt already accumulated on your backs and all of the "solutions" are going to involve you paying it for nothing and even less than nothing in return. The suspension of the debt ceiling is a huge, jagged, rocky shard jutting out from the "fiscal cliff" the U.S. is free-falling down and hitting it will see them gush debt out of every orifice. This is just one rock, there's many more, and it's a long way down to the desolate rocky floor of the "fiscal cliff". Look out below!
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Richard Fantin is a self-taught software developer who has mostly throughout his career focused on financial applications and high frequency trading. He currently works for eQube gaming systems.
Nazayh Zanidean is a Project Coordinator for a mid-sized construction contractor in Calgary, Alberta. He enjoys writing as a hobby on topics that include foreign policy, international human rights, security and systemic media bias.