U.S. Debt-Ceiling Talks Falter after 90 Minutes and Pack Instinct…

Hey!

Cisco the blogging cat here…

Well, it’s official… Our illustrious leaders have yet again power-masturbated themselves into opposing and mutually exclusive corners within just 90 minutes. It only took an hour and a half out of four or five to decide that they just had to agree that each side was hopelessly despicable.

So where does that leave us? It leaves us alone with the truth… And here’s what that truth looks like…

That’s one-hundred and fourteen trillion plus smackers in hock… The ugly truth is that as of this moment, nationally, we’re committed to well over one hundred trillion dollars that we simply don’t have. (We only make $14 trillion/year… See last link…) And worst of all, we’re borrowing to pay off the interest on the original loans. (40% of every American federal dollar is borrowed vs. earned.)

Lest anyone leap into a Left or Right circle jerk, FDR started this entitlement Ponzi scheme, and Dubya didn’t help with “Part D.” ‘Nuff said.

So how do we as a country get out of this fiscal mess? Taxing the rich is flat out stupid. We could take all the money from all the billionaires on earth, and that would only add up to about $4.5 trillion, or 1/20th of the hole the U.S. is in…

Three times this weekend we’ve heard the “economic experts” use the phrase, “going over the edge of a cliff…”

So by analogy, here’s my point… Many moons ago (when we were just kittens), we attended a sporting event at Madison Square Garden in NYC. While it started in broad daylight, the path from parking to Garden was still fraught with addicts and pushers. (I doubt that there was a boy scout amongst them.) But the show ended around 10:30 PM, and that meant walking the gauntlet back to the cars. Instinctively, a sizable group of strangers banded together and moved like a school of fish through the shark-laden streets. We didn’t know if the problem was going to be a crook or a crazy, but by damn, we could sense the danger.

That’s what’s happening to the American economy, and to Americans themselves — we’re not sure what’s going to happen, but we all can feel in our gut a “bad moon rising”…

Mixed metaphors aside, brace yourself…

Two cats blogging by the racks…

P.S. To see earlier entries on this issue, query on this blog for the word “debt”.


Wine Glossaries

* Nat Decants: A thorough glossary from Natalie MacLean, noted wine writer, speaker, and judge.
* eRobertParker.com: “The Independent Consumer’s Guide to Fine Wines”
* GLOSSARY of Wine-Tasting Terminology (Version 1.4 – Jan. 1995): A thorough collection of definitions from Anthony Hawkins.

Beer Glossaries

* ratebeer: Now that’s a straightforward name!
* beer-pages: Roger Protz and Tom Cannavan say that “it’s all about beer”.
* alphaDictionary.com: A fine collection of Beer dictionaries.

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2 Responses to U.S. Debt-Ceiling Talks Falter after 90 Minutes and Pack Instinct…

  1. […] when this cat warned you that as a nation, we’re in serious economic doo doo? (Debt ceiling talks falter… Economic edge of no return… $25,000,000.00 per Hour… Why we’re […]

  2. […] these ass hats in DC are struggling to trim $3 trillion in 10 years… How about amortizing $100 trillion in 10 years? Even if, by some miracle, the idiots in Washington do manage a way to lop off $3 […]

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