Super Committee

Those who can do. Those who cannot form a Super Committee. Those who can produce with a Super Committee produce real, measurable savings. Those who cannot sequester.*

In a sign of the dysfunctionality of our institutions, we sequester. This will engender real pain, no? No. Sequestration will mean that instead of budgetary growth of 23% we will limit ourselves to budgetary growth of a mere 16%. Oh, the humanity! The children of our countrymen will know what real hunger is like. How many children will go to bed hungry because of the lack of will exhibited by our political class?

The President cannot run for re-election on the strength of his record. He's been governing against the will of the People. His record is anathema. His agenda for his second term is more radical still. He cannot run on that. No. Living in one of the most historically-steeped houses in the country he cannot help but be affected by the history of that house. He will run a smear campaign of epic proportions that blames the Do Nothing Congress. The Super Committee's mission was failure. How could such a patently stupid abrogation of Congress' responsibilities succeed?

At the worst we face yet another downgrade of our debt obligations. The Standard & Poor's downgrade last Spring came out of nowhere. Oh, did it? Secondary rating agency Egan-Jones downgraded U.S. debt obligations almost a year earlier. How is Egan-Jones different from S&P? Egan-Jones charges investors for their ratings. All the big ratings agencies charge the issuers of corporate debt for their ratings. Think about it. If Union Carbide were still a viable enterprise, for instance, the primary ratings agencies would charge UCC for their debt obligations ratings whereas Egan-Jones would charge investors. The big raters, like S&P and Moody's, have a conflict of interest built into their business model. Will they stiff their customers and give them a poor rating? Ask Lehman Brothers. I think they'll agree that a rating agency that charges it's customers for it's ratings is apt to ease up when billing time comes nigh. It was S&P's sweetheart deal with Lehman that prompted their downgrade of U.S. debt to begin with. Criticism from Barney Frank and others forced them to strike out at the Federal government in order to defend their sullied reputation.

* This first paragraph was suggested by and reflects a similar paragraph by Mark Steyn posted on National Review On-Line.

The reason it failed? Boosh's fault! http://abcnews.go.com/Politics/wireStory/bush-tax-cut-debate-dooms-deal-cut-deficit-15004137

I really like the Plan to Restore America. Bloomberg polls last week had Paul in 2nd in Iowa & New Hampshire. The talking heads on ABC News were saying he likely will win Iowa and 2nd in NH. I think they're correct. What they failed to mention is Nevada, where I also believe he will do very well.

In recent days Neil Boortzs has been speaking very kindly of the Congressman on his radio show which is very popular in early voting Florida. This is important because Neil Boortz had previously been lauding Herman Cain and is widely believed to be responsible for Cains win in the FL straw poll. It's going to be an interesting 9 months.