Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By CoyotePrime (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

They Can Always Get What They Want

Tuesday, July 23, 2019 17:17

% of readers think this story is Fact. Add your two cents.

“They Can Always Get What They Want”

by David Stockman

“You that hide behind walls

You that hide behind desks

I just want you to know

I can see through your masks.”

–Bob Dylan, “Masters of War” (1963)

“They say partisan rancor will be the end of us. I say it’s the duopoly’s bullshit that ultimately takes this whole glorious experiment down for the count. Look no further than this putrid arrangement conceived on Capitol Hill and delivered by the Tweeter-in-Chief: “I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy – on a two-year Budget and Debt Ceiling, with no poison pills…”

Zero-sum Republicans ate status quo/ “good governance” Democrats’ lunch again, proving there is no “resistance” that really matters. You need not guess how Republicans behave when the roles are reversed and there’s one of theirs in the Oval Office. As for their partners in crime, they stand up for social equality and lie down for Wall Street. This is how the game is played.

Still, it’s hard to imagine the guy who once tweeted this: “America has lost its AAA rating and gained over $6T in debt under @BarackObama and now he wants to raise the debt ceiling–SCARY!” … not merely meekly surrendering but overtly celebrating another big expansion of the federal budget.

Indeed, it’s another addition to the president’s ever-expanding irony-of-ironies list. The numbers show that we had more fiscal restraint under Obama (that’s the blue line) than we do under Trump (the orange line, of course).

And the Donald’s numbers will only get worse with this new deal.

The Treasury Department’s borrowing authority has been extended through July 31, 2021, so Uncle Sam won’t default later this year. Thanks to “weeks of closed-door negotiations” and “a delayed commercial flight to Washington following a speech [Pelosi] delivered earlier in the day in Detroit,” we’ve been spared that fate.

But we are adding a lot to the budget deficit and the federal debt. Spending on “discretionary” programs is set to rise to $1.37 trillion for fiscal 2020, which starts on October 1, 2019. That’s up from $1.32 trillion for fiscal 2019. The budget for fiscal 2021 is $1.375 trillion. They’ve set a cap on military spending, a maximum of $738 billion next year, up from $716 billion this year. Non-defense appropriations are capped at $632 billion, up from $605 billion.

Folks, they’re not even pretending anymore. When they want to get business done in Washington D.C., they get business done. There is no such thing as “moral leadership.”

What now with the Federal Reserve? “The federal debt ceiling” was one of “a number of government policy issues” that had “yet to be resolved” when Jerome Powell testified before the House Financial Services Committee on July 10. Trade and Brexit were the others, but those, by now, are known “unknowns”… even with the Donald’s doppelganger Boris Johnson now occupying 10 Downing Street.

Were our monetary central planners’ decisions on policy really dependent on data that matters to Main Street we’d be talking about… something else because interest rates would be “normal.”

Alas, having declared itself to be the global broom and shovel brigade, the Fed and its acolytes must now do… something. That amounts to traveling behind the moveable circus of politicians and policymakers and cleaning up their droppings, whether large or small, so their follies may not impinge on the growth rate of U.S. gross domestic product. Apparently to the decimal point.

No partisan food fight over the debt ceiling? No problem! There’s always Boris Johnson’s Brexit to fret and the Donald’s insane Trade War to fight… It’s the epitome of institutional arrogance, a type of mission creep that’s common among the elite.

They always find a way to get what they want and what they need. Never mind, Main Street…”

-http://deepstatedeclassified.com/

○

As for you, Good Citizen, and the rest of us, status quo…

Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2019/07/they-can-always-get-what-they-want.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,602,841,892
Stories:	8,148,147