Debt Deal and the MSM

I love the MSM.  They’re so easy to mock.  Here’s the lead in a story on today’s debt deal by AP:

WASHINGTON (AP) — The first phase of a deal to raise the government’s borrowing limit would pose little threat to the economy in the short term because almost none of the spending cuts would occur before 2014.

Really?  That’s great news!  No cuts…  ???  The assumption, of course, is that cuts in spending and borrowing hurt the economy.  But in case no one has noticed, we’ve doubled down on our spending during the Obama administration and we’re worse off, so…  That’s a big freaking assumption.

Here’s another jewel from today’s AP:

WASHINGTON (AP) — A Democratic official tells The Associated Press that the White House and Republicans in Congress have reached a debt deal to prevent the first government default in U.S. history.

We’ve just narrowly avoided a government default?  Our debt service payments only account for 10% of the income the US government takes in and the government is constitutionally bound to pay its debt, so there wasn’t a default to avoid.  What we avoided is being forced to cut 10% of our grossly inflated budget (thank you, Lord Obama) to service our debt. It’s kind of like when I cut my cable when I quit my job – I’d rather sacrifice the SyFy channel then go into credit card debt.  But when you’re spending other people’s money, ruining other people’s future, and living in the lap of power and luxury yourself today — why, bring on more science fiction TV!

And people wonder why Fox News is so popular.  At least their commentators are upfront about where they’re coming from.

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About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
This entry was posted in Bailouts, Big government, Economy, Media, Uncategorized and tagged . Bookmark the permalink.

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