Really, a gang of six?

It is time to comment on the state of the nations budgetary affairs. They are pathetic and only getting worse by the minute. Take the Gang of Six for example. A lousy name which means they have already been placed in the discredit category so no matter what the plan is they came up with, it has already been written off by those who wish to eliminate them as a possible contender for solutions.

And that is all right by me. The gang of six plan is really weak. It does not go far enough. Not nearly enough. To talk of cutting 4 Trillion dollars sounds austere but over a 10 year period it is really just more political ramblings designed to give them bragging rights back home, never meaning to be taken seriously. Even if it was honestly considered by anyone, you would notice that it is very vague in application merely pushing political hot topic buttons but doing very little in the way of reforming a very broken system that is on the verge of an implosion.

No one in Washington D.C. is taking the role of a true leader. No one dares stick their neck out and speak the truth and then take action based on truth. Everyone knows that the first person to present any kind of definable plan is the first one to get slaughtered because know the others have a target with which to aim their slings and arrows. Failure by consensuses is a far safer path for the average politician. And sadly we don’t even have average politicians anymore. They are all sub par.

Congress has never been known to ‘win the day’ on their own. They need someone to take charge, providing direction and purpose while providing the salesmanship necessary to placate the American public into non-confrontational acceptance of their new deal. Presidents have traditionally carried that burden or assumed that role. Don’t look for that this time around. This is one lesson that Obama didn’t quite learn from the Clintons and he is paying the price.

I don’t think he will pay the price nearly to the degree he deserves. There are still far too many people that are blindly in love with whatever they think he is. I hope they don’t wake up too late to realize the party is over and they have wasted the whole evening waiting for a prince charming who will never arrive.

As for the debt problem, reality says to me that we have it every bit as bad as Greece, and some of the others, we are just living in denial big time. The deadline will come and go and very little will be noticed by most. The real damage is yet to come as a last minute knee jerk reaction deal will be made that will allow the politicians to take a photo op, slap each other on the back and proclaim victory for our side (which ever that might be). Then the slide down hill will continue until the next masqueraded crisis rears its ugly head causing us all to take anxiety pills will our leaders forestall the inevitable. And all the while we are in our day of reckoning now and most don’t even recognize it.

This is Ed Nef with a view from the Farr West.