Pork Is Gone. Now, It's Sweeteners. In Other Words...

As Rush says all the time, "Words mean things" but the politicians sure do like to go around changing the meaning of words from what they used to mean to something a bit more palatable. (Just as Russia, many years ago, changed their definition of chemical weapons so they could go on making them under the latest treaties!)

Anyway, why is the US debt going to go up once the Obama/Republican tax deal is passed? As Rush points out, it's not because there won't be any tax increase for the rich, it will be because the deal includes a lot of spending that isn't paid for. Solution? Cut the spending!!!!!

Story #3: Moody's to Downgrade After Obama Deal Passes?

RUSH: "Moody's May Shift US Rating Outlook on Tax Package." Reuters is very happy about this one. "Moody's warned on Monday that it could move a step closer to cutting the U.S. Aaa rating if President Barack Obama's tax and unemployment benefit package becomes law." Note now "Obama's tax and unemployment benefit package." "The plan agreed to by President Barack Obama and Republican leaders last week could push up debt levels, increasing the likelihood of a negative outlook on the United States rating in the coming two years." Now, folks, again, it is very hard for me to see how maintaining the status quo could push up debt levels. What's gonna push up debt levels is all of the spending in here, like the ethanol subsidy, like training for mine rescue workers, the spending keeps being added to this. There are no income tax cuts. Gosh, how long have we been pointing this out? The media still refuses to publish the truth. The extension of unemployment benefits and all the sweeteners, that's a new word for pork, by the way, the sweeteners, and the minuscule payroll tax are the only things that will cause any new debt, not the tax cut. So anyway, here's another threat, this from Moody's, and nobody will listen to it, either.