Minnesota continues to be embarrassed every day by nitwits like Tim Pawlenty and Michele Bachmann, both of whom think that raising the debt ceiling is unnecessary—only pay certain bills, only pay the interest, they say. Our state has been the butt of many jokes, but so far this one is the worst. Even John Boehner, a lunatic monster, knows that the debt ceiling must be raised. We’re not talking about spending more—we’re talking about paying for what we already owe.
And why does the debt ceiling have to be routinely raised? Because a monetary-based economy is destined to fail from the day that it is conceived. Money equals debt—that is how it is created. Our entire way of life amounts to nothing more than a complicated game of Monopoly—and when you get right down to it, our money is worth the same as the stuff manufactured by Hasbro.
The federal government creates (borrows) money, which in turn is charged interest—and that interest does not exist; it really is more of a symbolic idea. There is not enough money in circulation right now to pay off all of the debt in the United States, and you can forget about the interest. Print more money? That makes the problem worse—that is how the problem started.
But so what? I was talking about the Minnesota Twins, T-Paw and Bachmann, neither of whom can even grasp simple mathematics let alone complicated budget issues. I’m no economist, but I at least understand that as long as we live in a monetary-based economy, we have to pay our bills.
As a Minnesotan, one of my senators is Al Franken, the former comedian and star of Saturday Night Live … which might sound embarrassing until you consider that a lot of ex-Hollywood types have successfully delved into politics. Franken is actually pretty good at his job—I signed his petition to end DOMA and even had a chance to meet one of his representatives yesterday during a National Night Out party. She apologized that the senator could not be there, himself; he has been busy in Washington. He supports raising taxes on the wealthy—and like President Obama, he would personally be affected by these tax reforms.
The Tea Party nuts are behind Michele Bachmann one-hundred percent, because she is just a little bit loonier than Tim Pawlenty. Former Minnesota GOP chair Ron Carey had this to say about the ex-governor of Minnesota: “He doesn’t want to throw the Tea Party support to Bachmann by default, but yet he doesn’t want to be so strident that he can’t build a coalition. He walks a fine line.”
A fine line between what? Lunacy and desperation? The Tea Party represents a fanatical fringe element in this country—the kind of daffy extremists who no one would pay any attention to, except they’re so positively unhinged that it’s hard to look away.
Rather than try to go over the particulars of the debt ceiling here, I direct your attention to Debt Showdown Q&A, an article in the Star Tribune that does a pretty good job of making sense of this looming crisis. And if you think I’m kidding, read the article—there’s some scary stuff in there.
And that’s enough to think about tonight, isn’t it? I leave you with this: an excerpt from one of the Zeitgeist films, explaining why money = debt = slavery. So far, Peter Joseph has turned out more than seven hours of this stuff, but here are ten minutes that are critical. If you’re interested in the rest, the films are available on YouTube and through this site. I recommend them—they will change the way you look at the world.