Saturday, October 26, 2013

The World Knows Nothing is Fixed

Jim Rogers stopped by for an interview with RT News and talked about American exceptionalism. That’s a favorite term that is tossed around by politicians and average citizens alike. Jim Rogers agrees. We are an exceptional nation. We are the largest debtor nation in the world, and that’s what makes us exceptional. Sarcasm much Jim?

During the interview he notes that the U.S. has been can kicking its fiscal responsibility for 60 years, so the recent political circus is nothing new. With each passing year, the country slides further into debt, and Rogers warns that it will be solved one way or the other.

In the end, the compromise is already in. The brinkmanship must be played by the GOP for their base. Of course, walking away empty handed this time is sure to gin up primary challenges for a host of House and Senate members. The political miscalculations by the GOP on this fight are incalculable.

Jim Rogers in the interview says that while the supposed fix may be announced, the world knows that nothing is in fact fixed, and the only way this ends is badly. Obviously he’s not the most optimistic guy at the dinner party. But, he is right. Whatever comes out of the Senate is a band aid so we can have the exact same fight early next year.

If the two sides have not agreed on a budget since 2009, what makes everyone think they are going to see the proverbial light and start agreeing now?

- Source, Russia Today: