IS IT "FISCAL" TIME NOW??.

Last Days for the Deadbeats?

Because of John Roberts and Angela Merkel, today is quite different from what the Repoobs expected.  The Markets are raising their rooves, and the President has dodged all that those Hooligans had in mind for him.  The Repoobs and their sympathizers in the Media were getting set for a "lynching" of the planet's most "uppity" black man; on the scale of Paris, Texas, near the beginning of the last  Century.  Their disappointment is quite clear.

They had the world's economies in a slow roll while they were cooking up their shenanigans; riding the "Monetary Horse"  (The Federal Reserve) to stave off total disaster.  While riding that horse  they were making political hay by beating the horse unmercifully and threatening to kill it.  All the time, they did everything they could to keep the "Fiscal Horses" locked up in their stalls.

Our forebears, early in the last century, took control of the "Monetary Horse" away from the politicians because they learned how unstable that bunch could be; thus averting future disasters (they thought), for everyone.  Read Monetary History of the United States, 1867-1960, by Miton Friedman and Anna J. Schwartz, (1963).

Monetary Policy is the control, supply, definition, and management of money.  That is the responsibility of our Federal Reserve System of banks across the country.

Fiscal Policy  is the responsibility of our elected officials in Congress, and is the raising of taxes and the determination of spending, hopefully in agreement with budgets worked out with our Executive Branch (The President).

The Repoobs have started this century off with a bang by screwing our fiscal policy to a fare-the-well.  Our politicians are all rich guys, now and we all know how the rich hate to pay bills.  So they just borrowed and spent for everything and never bothered to raise taxes to pay the bills.  DEADBEATS is the name we used for this type of person in the old days.

The worst run-up of bills came in our health care system, starting somewhere between Liddy Biddy Johnson and Tricky Dick Nixon.  All of this crap has mounted over the years to what we now face as a FISCAL CLIFF.  Read my blog: Pig in a Python.

Sanity will not return until the Repoobs are roundly flushed from the system, and we find a way to start raising money and paying our bills.  Roberts and those Supremes who are not deadbeat-sympathizers, took a critical step yesterday to make this possible.  It's up to the voters to follow through in November and get rid of the Deadbeats.

Stay Vigilant!

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