That the political process is paralyzed by partisanship, brought on by the corruption of the political process by money, is a well-established fact. Now that the chickens have come home to roost, we're being treated to this kind of palaver that chalks it up to congressional gridlock, when in fact the system is completely corrupted:
New drama over U.S. taxes and spending looms | Reuters: "WASHINGTON, Nov 20 (Reuters) - The "super committee" may be effectively dead but brinkmanship in Congress over taxes and spending will only escalate as the impending expiration of several provisions threatens to undermine the U.S. economy.Anyone who claims the economy is an any way, shape or form in recovery mode is either an abject liar or so self-deluded as to be psychotic. The economy has been sinking for the working person for a generation, at least, and the decline has accelerated in the past few years -- as the elites and their scams have finally tanked the very system they built.
If Congress does not extend them by the end of the year, workers will see less money in their paychecks, nearly 2 million jobless people will lose the benefits that help them make ends meet, and Medicare patients may have a harder time getting in to see the doctor. Countless businesses will see their tax bills rise.
Analysts have warned that this effective tax increase, which would kick in on Jan. 1, could push the economy back into recession even as it struggles to recover from the last one."
There will be no recovery, and there is no fix, with the current cast of characters in their accustomed places. There's no way we can put our fiscal house in order while the inmates are still running the asylum, as they are now.
Take the lie about the payroll tax, and how ending the "holiday" on withholding will appear like a "tax increase" -- this is nothing but a carefully crafted strategy to bankrupt the social security trust fund, in order to end the program and turn the money over to the dogs from hell on Wall Street. It has nothing to do with reviving the economy, and everything to do with gutting the moribund social safety net as it currently still exists.
If this is the only hope we have in the face of financial Armageddon, then face it, we're already fuckin' toast.
The stupid committee was always about causing a fiscal trainwreck that would lead to the type of austerity favored by the IMF and the voracious, heartless bastards that run the banks. They claim that this system is nothing but a giveaway for lazy people who don't want to contribute, when it's people who've worked all their lives and are being cut off at the knees who're getting the ax, while the elites don't feel any obligation to the lower classes -- none whatsoever.
As long as you have a system that generates obscene amounts of wealth, but only distributes them to the top of the pyramid, you have the ingredients for a wholesale social revolution. That is the the real train wreck that this society has to contend with, and hiding out in one's gated community will provide little if any refuge when blood runs in the streets.
Still, the oligarchy seems to be willing to risk it.