HEADLINE: SHUTDOWN AND DEFAULT AVERTED! REALITY: NOT

Commentary by Jay B Gaskill

“I’m mad as hell and I won’t take it anymore!”

If you are among angry at this point (& who isn’t?), you are probably in sharp disagreement with millions of other Americans who are equally angry at the same events. This is a clue:

You are probably being manipulated.

Here’s a more accurate headline:
ANOTHER HIT FROM THE NEEDLE BY THE ADDICTED POLITICAL CLASS

“I’m mad as hell and I won’t take it anymore!”[i] (Network, screenplay by Paddy Chayefsky, 1972)

The addicts in the asylum are fighting each other…again.

This is a system addiction. The drug is free public money and the political favors purchased with it for hungry greedy constituencies that can no longer distinguish need from want.

The process began in earnest with the presidency of Lyndon Johnson who simultaneously fought and lost two two wars (on poverty and on the North Vietnamese) with a huge deficit that was never repaid. John Kennedy was the last president to run an honest budget surplus, one not fueled by a bubble. Thereafter, a cycle of bubble, bust and ever increasing debt followed, and a queue of politicians (republican and democratic) lined up to get a fix. Rationalizations quickly replaced honesty…the unmistakable sign of chronic addiction.

The latest “crisis” was political theater conducted like Kabuki Theater, a stylistic pre-enactment of the real reckoning. But make no mistake: The plane will either crash or suffer a rugged landing. The Belarus national debt is 30% percentage of its gross national product. Ours is about 74% and rising. Europe is in a similar state. China? Not so much.

Adult supervision is needed. You will not find it in the White House. The two most fiscally sane members of the political class are Wisconsin GOP Congressman Paul Ryan, and Democratic Senator Patty Murray of Washington State. They have been fruitful dialogue. They have been sidelined.

A multi-generation system addiction of 48 years duration cannot be reversed without sacrifice or in a hurry. But it can be reversed…as soon as the addicts enter recovery.

Stay tuned.

JBG

Copyright © 2013 by Jay B Gaskill, Attorney at Law

Contact via The Policy Think Site www.jaygaskill.com

[i] Network is a 1976 American satirical film written by Paddy Chayefsky and directed by Sidney Lumet, about a fictional television network, UBS, and its struggle with poor ratings.

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