It looks like John Boehner is feeling pretty good about maneuvering the Republican-controlled House of Representatives into a compromise with Barack Obama and Harry Reid on what they call the “clean” debt-ceiling extension.
At a celebratory news conference, Boehner began singing the upbeat Disney classic: “Zip-a-dee-doo-dah, zip-a-dee-ay,” even though Republicans now have zero control over how much debt Obama can ladle upon America. So much for all of Boehner’s tough rhetoric.
You may recall that the classic Disney song is from the movie Song of the South, in which seven-year-old Johnny is excited about a vacation to visit his grandmother’s Georgia plantation. On the plantation, Johnny meets Uncle Remus, who tells him stories “in his old-timey way.”
Interestingly, these stories about the Briar Patch have some striking similarities to Congress.
Take, for instance, the story in which Br’er Fox fabricates a doll out of a lump of tar and dresses it up with clothes. When Br’er Rabbit appears, he speaks to the tar “baby,” but gets no answer. Br’er Rabbit becomes piqued by what he comprehends as the tar baby’s lack of manners. So he punches the doll and in doing so… gets stuck. The more the enraged Br’er Rabbit pokes and bangs the tar “baby,” the worse he becomes stuck.
This tar baby represents a problem that gets worse the more one struggles against it… just like our current debt predicament.
You see, Boehner may be happy now; but by putting off the debt-ceiling controversy until after the election, he’s setting the nation up for more difficult problems tomorrow. This is what we call kicking the can down the road.
Neither side wants to deal with it again until after the new members are seated post election, making the clean debt-ceiling extension nothing more than an accelerated step toward the collapse of the global, dollar-led fiat Ponzi scheme.
An Ugly Forecast
On top of that, the extension could be setting the country up for challenges in the bond markets. You see, markets are based on confidence. Once confidence is broken and mass psychology changes from comfort to fear, it’ll all be over.
The United States currently owes more money than we can ever pay off with the current size of the economy. To successfully pay back the debt, the economy would have to grow much faster… and that just isn’t happening. We’re a nation without food lines only because we keep printing virtual food stamps onto SNAP cards, no matter what the propaganda says.
Last year, when the mislabeled “No Budget, No Pay” Act was passed, the U.S. debt was $16.394 trillion. Now, despite repeated government lies regarding “declining deficits,” the national debt has risen to $17.3 trillion. If the government is controlling spending, why is the debt increasing so quickly?
I predict that the U.S. government will have another year of unfettered access to the Federal Reserve’s printing presses, despite all the talk of reining in out-of-control spending.
The truth is that the jobs picture is terrible, the economy is crashing anew, and energy prices are rising. Looking just 12 months into the future, I don’t see the good times rolling on.
For his part, John Boehner should be gone soon, as either the Democrats will win and retire him, or the tea party will win and retire him. Let’s hope thathe enjoys his last months in office, because despite the Speaker’s happy songs, the tar “baby” is stuck squarely on him.
This commentary originally appeared at CapitolHillDaily.com and is reprinted here with permission.