Propaganda 101 – Control the language and you control the mind. (See Edward Bernays).

But every other growing economy is at least as socialist as ours. For our borrowing costs to go up significantly, that would mean global markets had deemed some other economy more secure over the long term. What economy would that be, if every country on earth is making the same “mistakes” with regards to structuring their economy?

ernesto on November 28, 2012 at 4:41 PM

What country has a robust growing economy? What socialist country isn’t struggling with debt and massive increases in the welfare state?

darwin on November 28, 2012 at 4:37 PM

But every other growing economy is at least as socialist as ours. For our borrowing costs to go up significantly, that would mean global markets had deemed some other economy more secure over the long term. What economy would that be, if every country on earth is making the same “mistakes” with regards to structuring their economy?

Burn Baby Burn

However, no one can ever point to a “point of no return” where our borrowing costs would actually rise. At what point would investors actually prefer keeping their money in a another country, and what country(s) might that be?

ernesto on November 28, 2012 at 3:43 PM

I don’t know. Perhaps when they see socialist policies are slowly killing the economic machine that was America and our ability to pay back is gone. We don’t have much left … commercial aircraft, technology … we really are getting to the point of having nothing to offer as we’re slowly being strangled by socialism.

entagor on November 28, 2012 at 3:08 PM

So I was basically agreeing with you and the article above.

…The President signed it.

Now if he would just sign a budget. I guess he did sign Bush’s last budget, they passed it so late. But I bet he goes his entire 8 years in office without signing another. Any takers?

Don’t fall for their chicken little BS.

And tea party didn’t even like that deal, it was a con job, but which nevertheless was billed as a victory for the Tea Party by them at the time according to the ruling class, and now the ruling class calls the so-called victory they foisted on the Tea Party a “fiscal cliff”.

The original deal is looking pretty good right now, only because it is already in writing

We have the signatures of all involved. On the GOP side the RINOs and the ones they suckered. Also the moderates. On the left, the upper echlon

entagor on November 28, 2012 at 3:08 PM

Last year when the federal government, with the help of the corporate media, raised our credit limit with Bank of China over $16 trillion dollars they tried to excuse their profligacy by tricking Americans into thinking they were going to “cut spending” to reduce the deficit so that they wouldn’t have to raise the credit limit again. In reality they didn’t cut spending even a bit, all they did was reduce the rate that spending increases each year.

Now the same ruling class that perpetrated that pathetic con job, that didn’t even cut real spending, are trying to claim that the “spending cuts”, (which again, only means spending doesn’t increase quite as much as otherwise), is a fiscal cliff.

The truth is that the ruling class was dragged into their con-job “spending cuts” by the tea party and now are trying to undo it and trick the tea party into begging them to undo it.