Nobody in DC wants to correlate the rising debt ceiling with declining jobs.
The rising debt ceiling has two consequences....
more regulation ...
to occupy employees in expanding federal bureaucracies...which expand because “they have more money” and another layer of bureaucrats need their 20 year promotions... Each round of regulatory expansion is the effective equivalent of another targeted tax increase on the object of the regulation.
more taxes...
The rising debt ceiling has demands and expectations of creditors for new elements of “revenue raising” by the Feds...taxes or fees.
In this strangling environment job creation is simply NOT possible.
In fact the only logical conclusion..can be ..is that the Federal apparatus -initially an asset to the United States..by virtue of its abilities to raise an effective Navy in the late 1700’s, and early 1800’s to facilitate overseas trade on behalf of the States, has become nothing other than the States greatest liability at this point in time. In the absence of profound regulatory and taxation reform-which is not capable of coming from the same minds that created the problem..we may well be at the end of the line.
For DC to face this fact...means the end of the K St-Congressional Party cycle in DC-the one that keeps repeating “2.4Trillion” as their mantra.
Regulations and taxation. Those are the keys to the jobs problem. Spending is the key to our budget problems.
It would be nice to imagine that a fact is being faced but all we have here is Theater.
Cloward-Piven Theater to be exact.
New Group rights to jobs created as an expectation.
Economic collapse to hasten the violent demand for the new Right's delivery when the economy makes it impossible
Strong socialist government must arise to deliver.
It is all planned out in the progressive program.
The ‘taxation and regulation’ is defacto Nationalization by the State.
As the State expands, commerce contracts.