Debt Deal Illustrates U.S. Government's Gang Mentality

August 1, 2011 9:26 AM ~  
Reuters - President Barack Obama announced on Sunday that Republican and Democratic leaders had agreed on a last-ditch deal to raise the U.S. borrowing limit and avoid a catastrophic default, and he urged lawmakers to "do the right thing" and approve the agreement.

via Factbox: Key elements of U.S. debt deal | Reuters.

This would seem like good news at first glance. The two sides have come together to form an agreement that will avoid the apocalypse and keep the world running...

Dig a little deeper:
* A 12-member congressional committee, made up equally of Republicans and Democrats from each chamber, would be tasked with finding a further $1.5 trillion in budget savings.
* That committee could find savings from an overhaul of the tax code and restructuring benefit programs like Medicare -- the politically risky decisions that lawmakers have not been able to agree on so far.
* The committee would have to complete its work by November 23. Congress would have an up-or-down vote, with no modifications, on the committee's recommendations by December 23.

So what we have here is a 12 member extortion committee that is going to hold every special interest group, lobbyist, and corporation hostage for the next few months, demanding that they fork over campaign contributions, lavish entertainment, and other kickbacks if they want their special provision (AKA loophole) spared from the coming cuts. This is mafia mentality at its most obvious.

When you hear "overhaul the tax code" that doesn't mean something good like "eliminate the IRS" or "replace all taxes with one simple consumption tax," instead it means they are going to eliminate certain loopholes and leave certain other loopholes in place. Which ones get cut and which ones remain is simply determined by who lobbies the best, and who contributes the most money. This is crony capitalism in plain sight.

This is how government works. They are basically the exact same thing as the mafia, just with more henchmen and bigger guns. They do allow us a symbolic vote, but the options are between one crook and another. If Al Capone had allowed us to vote on who would be the next boss, I doubt it would make anyone feel better about the mob, but for some reason people legitimize government when they do the same. Usually the government is less obvious in their mob tactics, but the amorality of this debt deal is simply as plain as day.