Friday, July 23, 2010

Campaign 2010 Has Started-And It Just Doesn't Matter Who Wins

The 2010 congressional election campaign is off and running. Why? Because unexpectedly the democrats have discovered the unexpected $1.5T budget deficit and are calling for spending cuts. I'm shocked at this sudden and unexpected realization by democrats that there may, and I must stress, may be a budget problem.

Since the entire democrat ponzi scheme is based upon paying off race-class groups AND all of the US tax receipts are entitlements, democrats are facing a dillemna. Which class-race group do they throw under the bus? I suspect that we'll hear a lot of talk about cutting subsidies for the wealthy and raising taxes on the rich but in the end the gravy train will keep rolling until it can't.

If the democrats cut programs, they will be cutting jobs. With an unemployment rate of about 20% you can't really afford to lose any more jobs without losing your seat in congress. So this talk of cutting spending is just talk. The most important thing that any representative or senator must do is keep HIS job. The shell game will go on.

The economy needs to generate 160,000 jobs per month just to maintain employment at some fixed percentage. We can't generate even a quarter of this number of jobs per month. So we have a base number of 32 million unemployed while we add another another 1.4 million new unemployed every year. All of these unemployed require some level of public assistance and don't generate any wealth or taxes.

It doesn't matter who we elect because we don't have any tools to restart the engine. The goose that laid the golden egg is cooked and eaten.

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