THE DEFAULT OF THE FEDERAL GOVERNMENT OCCURS DAILY!

With all the political theatrics occuring in Washington D.C. and being constantly displayed in the media relating to "the Federal default must be avoided at all costs" issues, I thought it timely to explain something to my fellow man and woman who also lives and works on "Main Street USA":  THE FEDERAL GOVERNMENT CONSTANTLY DEFAULTS!

(1) Every time "quantitive easing" occurs and ever more "fiat" currency is generated out of thin air, the federal government is defaulting on the earnings and wealth of the American people by reducing the value of each and every dollar the working stiffs earn.   But maybe that doesn't matter to those who don't understand that fact, right?    Taking from the worker and giving to the (slug) who won't work...it simply shouldn't and won't float anymore.

.

(2) Through lies and outright slight-of-hand deception and fraud, the federal government claims the rate of inflation is only 2% and denies increases to social security recipients with that 100% bogus figure.   The federal government doesn't want to increase social security benefits due to inflation so they take out the factors of costs for food and housing to keep it at or near the CPI (Consumer Price Index) rate pf 2%...when it fact it is 9% or more if the more-accurate (and named formerly the COLA nsystem used) calculation factor is applied (and therefore includes costs for food and housing).   This is a direct "default" in the agreement to those who paid into the system and who are now suffering with fixed incomes while the real inflation rate at 9% consumes their savings, if they still have any, and serves to do nothing more than degrade ever more social security recipients into ever-deepening poverty.   Don't you ever wonder how someone on a low fixed income survives?   They need food, housing and medicine and other essentials of life...they have to scrimp on food and medicine in order to have a roof over their heads, and more and more enfeebled and senior Americans are being forced to do so each and every day...especially under the Obama Administration...no social security increases in either 2010 or 2011...but finally a 3.6% increase in 2012.   What is the big deal if the federal government "defaults" on its' creditors when its' citizens are denied financial security per former agreements (contracts) with the federal government in order to pay China, Japan, etc. interest on their "investments" in America?   Please look at it this way: I would feed my own children before I paid an unsecured banker interest on an unsecured loan, wouldn't you?

.

(3) Between the actual unemployment rate (19-22%, not 9.2%), the actual inflation rate (9%, not 2%) and the so-called "misery index" of financial hardship on the majority of Americans directly caused by federal over-spending and wasteful spending, and the resulting "debt service" costs (interest, in more simple terms) the federal government has defaulted on each and every promise made to the American people year after year, and to "defaulted" also their oaths of office taken as elected officials and to the yet-unborn Americans of generations to come.   Get real: Federal default is a long-term fact of life out here on Main Street, USA.

.

(4) Just because someone in Washington D C decided it is okay to default on the health, wealth and prosperity of the American people, why are and why should we be the lesser concern over meeting the federal debt obligations to the banking cartels, special interest groups, foreign investors and holders of our debt instruments?   That is in and of itself still another aspect of an ongoing default of the federal government on the backs of its citizens...we don't count like our creditors do in the eyes of the Obama Administration.

.

Why not just let the federal government default on our creditors?   That means, at least eventually, less government (it will shrink considerably when there is no money to pay out to the bureaucrats and scofflaws all feeding at the public trough) and an improved "live below our means" economy.   I say let the defaults occur until the federal government finds ways to stop 100% the funding of less-than-necessary pork-barrel ideas and tasks that serve no useful purpose but to waste our national wealth and the wealth of our society.

.

At least food for thought, is it not?

.

Respectfully submitted,

Thomas Avery Blair, Enrolled Agent