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Tuesday, August 02, 2011

Thoughts on the Debt "Resolution" from The Who, Ron Paul and Macbeth



Wont Get Fooled Again


In its May 26, 2006 issue, the conservative National Review magazine published a list of "The 50 greatest conservative rock songs." "Won't Get Fooled Again" was ranked song number one. Pete Townsend responded on his blog as follows:

"It is not precisely a song that decries revolution - it suggests that we will indeed fight in the streets - but that revolution, like all action can have results we cannot predict. Don't expect to see what you expect to see. Expect nothing and you might gain everything.''

Townsend then goes on to explain that the song was simply ''Meant to let politicians and revolutionaries alike know that what lay in the center of my life was not for sale, and could not be co-opted into any obvious cause.''

Won't Get Fooled Again Lyrics
We'll be fighting in the streets
With our children at our feet
And the morals that they worship will be gone
And the men who spurred us on
Sit in judgment of all wrong
They decide and the shotgun sings the song

I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around me
Pick up my guitar and play
Just like yesterday
And I'll get on my knees and pray
We don't get fooled again
Don't get fooled again

Change it had to come
We knew it all along
We were liberated from the fall that's all
But the world looks just the same
And history ain't changed
'Cause the banners, they all flown in the last war

I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around me
Pick up my guitar and play
Just like yesterday
And I'll get on my knees and pray
We don't get fooled again
Don't get fooled again
No, no!

I'll move myself and my family aside
If we happen to be left half alive
I'll get all my papers and smile at the sky
For I know that the hypnotized never lie

Do ya?


There's nothing in the street
Looks any different to me
And the slogans are replaced, by-the-bye
And the parting on the left
Is now the parting on the right
And the beards have all grown longer overnight

I'll tip my hat to the new constitution
Take a bow for the new revolution
Smile and grin at the change all around me
Pick up my guitar and play
Just like yesterday
Then I'll get on my knees and pray
We don't get fooled again
Don't get fooled again
No, no!

YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!

Meet the new boss
Same as the old boss


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from Macbeth:

Tomorrow, and tomorrow, and tomorrow,
Creeps in this petty pace from day to day
To the last syllable of recorded time,
And all our yesterdays have lighted fools
The way to dusty death. Out, out, brief candle!
Life's but a walking shadow, a poor player
That struts and frets his hour upon the stage
And then is heard no more: it is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.

from The Daily Capitalist blog:
Budget Debate Fraud Part 2 | The Daily Capitalist:

By the way, according to this note in the Wall Street Journal, we already have a de facto rating cut:

One-year CDS were quoted Monday at 0.45 percentage point, down from 0.75 percentage point Friday and a move equivalent to a drop of €30,000 in the cost of protecting €10 million ($14.4 million) of U.S. government debt, according to Markit. … Monday’s CDS levels now imply a credit rating of double-A on U.S. Treasurys, lower than their current triple-A rating and consistent with what some ratings companies believe is more appropriate for U.S. sovereign debt. Standard & Poor’s, for example, has threatened to cut the U.S. credit rating if Congress doesn’t produce viable austerity measures that will fix the U.S. deficit over the long term. 
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from Ron Paul:

When a Cut is Not a Cut

“One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth. In spite of the rhetoric being thrown around, the real debate is over how much government spending will increase.

No plan under serious consideration cuts spending in the way you and I think about it. Instead, the "cuts" being discussed are illusory, and are not cuts from current amounts being spent, but cuts in projected spending increases. This is akin to a family "saving" $100,000 in expenses by deciding not to buy a Lamborghini, and instead getting a fully loaded Mercedes, when really their budget dictates that they need to stick with their perfectly serviceable Honda. But this is the type of math Washington uses to mask the incriminating truth about their unrepentant plundering of the American people…” -- Ron Paul


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