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Thursday, November 29, 2012
MATH IS HARD - THAT IS WHY WE'RE SCREWED
Did you ever wonder where the term FISCAL CLIFF came from? All of a sudden it was immediately adopted by the entire MSM and all the politicians and corporate CEOs as the mantra to scare Americans into believing it must be avoided. It is clear to me that the powers that be did focus group testing to develop the proper term that would strike fear into the hearts of non-critical thinking ignorant Americans across the land. Nevermind that this fake crisis was created by the very people who are running around like chickens with their heads cut off warning of the dire consequences. The fiscal cliff is just another diversion created by the ruling oligarchs to keep the masses distracted. If we did nothing, taxes would go up, the arms industry would lose some profits, and Federal spending would be modestly cut all the way back to 2010 levels. The economy would suffer a short recession and would be growing again by the 4th quarter of 2013. Sounds horrific. The truth is that the lowlife politicians, their corporate puppeteers, and the Wall Street cabal don’t want to cut spending, pay more taxes or see their profits reduced. Therefore, a grand bullshit compromise will ultimately be announced to great fanfare and a 500 point stock rally will ensue.
But, as the story below clearly and factually details, nothing will be solved. The entitlement can will be kicked down the road like it has been for 30 years. No one in Washington DC gives a shit about the long-term future or unborn generations. They care about the next election. They depend on the fact that 99% of the public don’t understand deficits, debt, unfunded liabilities or accrual accounting. The American public wants to be lied to and mislead. They don’t want to think. They don’t want to do the math. It’s hard and won’t give them the answer they want. I wonder what percentage of Americans actually understand the concept of net present value? If you stopped a person on the street, they would probably think you were asking about net pleasant value. Our politicians have promised the American people $86 trillion more in entitlements than they have the money for. And this is based on an unrealistic discount rate of 8%. If we use a realistic discount rate of 4%, the unfunded liability will be north of $150 trillion for Medicare and Social Security. When you add in all the State and local unfunded liabilities, you approach $200 trillion. These figures are so mind numbingly large, that Americans just tune it out. This is what the oligarchs depend upon. They will slowly destroy your lives through their man made inflation and eventual decision to not honor their entitlement promises.
The sheeple will not rise up. They will passively be led to slaughter. Math is hard.