The Sequester: Budget Crisis or Manufactured Crisis?

[Hatha Sunahara]

Debt held by the Public? Total Public Debt Outstanding? Sounds like we owe it to ourselves. They should call the first one 'Debt owed to the Haves', and the second one "Total collective debt of the Have-Nots'. This is a massive redistribution of wealth right under our noses.

Kinda reminds me of the communist slogan--"From each according to their abilities, to each according to their needs." In Soviet Russia, people maximized their benefits and minimized their contribution. They competed with each other to screw the system the most. This is the way they minimized theft by the system. It resulted in people having to wait in long lines because people didn't produce as much as they demanded, so stuff had to be rationed out.

In soviet America, we redistribute the wealth with taxes and interest on loans, but we need social insurance against unhappy slaves who can't get enough redistributed funds to live, and would be inclined to tip over the whole system. The haves get the benefit of this insurance, while the have nots get to pay for it. And everything else.

Reminds me of the joke about how in capitalism, man exploits man, while in communism it's the exact opposite.


Hatha