Divorce? Long Overdue
market-ticker.org / by Karl Denninger / 2015-10-18
Fighting among House Republicans is so public, so loud and so disruptive that Congress cannot deal with big issues – from budgets to immigration.
House Republicans can’t even name a speaker.
The quickest path to a return to health for the party is a political divorce.The Tea Party activists need to make it official and petition to form their own political party. Heritage Action, the Senate Conservative Fund and right-wing talk radio can lead the Tea Party faithful to the exit.
That will liberate Tea Party politicians from the mainstream GOP’s willingness to make political deals with Democrats. And it will allow far right conservatives to form their own agenda and elevate their own leaders. Instead of undercutting mainstream Republicans, Sen. Ted Cruz can claim the mantle of the leader of the new party.
What is far right about balanced budgets? Any deficit spending, in any amount, is identical in economic impact to a tax of the same amount on the American people. Have you learned nothing from the last seven years of watching the economy implode due to unbacked credit creation during the 2000s and then fail to be revived by trillion-dollar plus deficits that still reach nearly half that figure annually?
The truth is that measured by interest rates and home prices the average household today has $500/mo less in funds to spend on a house (including tax breaks) than it had in 2006. After ten years the funds available for such a purpose has gone down by over 25%.
The post Divorce? Long Overdue appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/18/divorce-long-overdue/
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