Cynical Synapse

Thu, 18 Aug 2011

Political Brinksmanship, the Debt Bubble, and Impending Anarchy

Filed under: Africa, Congress, Crime, Government, Hypocrits, Indecision, Opportunists, Oppression, Politics, Society — cynicalsynapse @ 4:48 pm

ready for a political fight

The recent refusal of either party to compromise on the debt ceiling issue, and the resulting lowering of the United States’ credit rating, should be proof enough of the dysfunctionality of our current Congress. People talk about debt reduction and deficit reduction as though they were one and the same, but they are two distinct issues. Every deficit adds to the debt. So, until the US stops spending more than it takes in, the national debt will continue to grow.

In theory, the debt reduction “Super Committee” will fix the national debt. In reality, it fixes nothing. It will not eliminate annual deficit spending. As a result, the national debt will continue to spiral out of control.

project funded by your grandkids

During his midwest bus tour, Pres. Obama actually called for more spending:

[T]he key is not to try to cut more out of programs for poor folks or programs for seniors. The key right now is to get a long-term plan for fiscal stability. And in the short term, we should actually make more investments that would put people to work and get the economy moving.

While many want to reign in entitlement spending, including Social Security and Medicare, new laws are actually expanding entitlement programs. Illinois, Kentucky, and Michigan are the three pilot states, with the program expanding to all 50 states by the 2014-15 school year. It’s all part of the Healthy, Hunger-Free Kids Act of 2010. The program will provide free meals to all students, regardless of ability to pay in districts where at least 40% of families are on public assistance.

flash mob

The rise of dissent via social media has resulted in peaceful flashmobs becoming violent menaces to society. In the absence of proof positive, it appears social media definitely fueled the London riots.

What does this matter to us, as in the US? How about we don’t have a clue what’s going through these peoples’ minds? We don’t have a solution to their economic or political disenfranchisment.

The riots we saw play out in London and the greater UK may have involved thuggery and looting, but the driving force was much the same as the protests, riots, and uprisings we saw in the middle east in the first half of 2011. As in the middle east (specifically, Tunisia), the catalyst for the London riots involved a single person, in this case a teenager who was reportedly beaten by police. In response and looking for any reason to rebel and revolt, large masses of people, namely those living in poverty in the UK, organized and then headed for town squares, where the burned, pillaged and fought. While the London riots are being written off by many as nothing more than a bunch of vagrants and welfare recipients looking to loot small businesses, there is a strong likelihood that similar incidents will play out on the streets of America. In fact, it can be argued that this is what we are seeing already, as groups of teenagers and gangs are organizing via social networks and subsequently causing chaos, violence and looting. For now, like in London, we are seeing the poverty stricken segments of society losing it, and it is being downplayed strictly as criminal mob-driven behavior. But soon, as Michael suggests in the article below, more and more people will lose everything. And, as our favorite trend forecaster Gerald Celente has oft repeated, “when people lose everything, and they have nothing left to lose, they lose it.”

Advertisements

1 Comment

  1. Come on, tell me how you actually feel.

    Comment by Gayle Mcgonigal — Wed, 07 Sep 2011 @ 6:55 pm


RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

%d bloggers like this: