So funny.  So very funny.  And the more you think about it, the more funny it gets.  Here’s the headline:

Popular bill that could save Colorado $60 million a year languishes

So, of course this is the Denver Post, so my first assumption is that this is about some sort of ridiculous tax cut like, I dunno, cutting emergency services to neighborhoods with low property values.  However, it is actually because Colorado, in a somewhat reasonable decision, doesn’t allow governments to invest in anything with a less than sterling credit rating.  Unfortunately, you know who has unfortunately had some credit problems recently?  The United States Government.

Let that sink in for a minute.  That’s right, the state and local governments of Colorado are now no longer able to invest their money into the Federal Government, which up until the credit downgrade had apparently provided net gains to our general governmental budgets of $60 million per year.  You might wonder why, in an age of budget cuts, such a thing didn’t fly through the legislative process on guilded wings.  It did, in fact, fly through committee in just such a mannor, but has yet to be addressed in the House proper.  While the Post remains mystified by this, as the only person who they believe could shed any light on the matter is House Speaker Frank McNulty, who is unquestionably responsible for why the bill hasn’t been addressed.  When asked about this,

House Speaker Frank McNulty, R-Highlands Ranch, did not respond to repeated attempts to obtain comment. However, a spokesman, Owen Loftus, said, “Different bills move at different paces.”

So here is why, since the Post refuses to say it and I refuse to believe that they are that stupid. As Jon Stewart pointed out on last night’s memo, our national debt is a republican party talking point, and much more, a lynchpin of the entire Republican National Strategy, which is fairly simple. Using our debt as an excuse, they sell government assets and responsibilities to companies controlled by their cronies as ‘privatization’. As any honest economist will tell you, this is the opposite of how a nation needs to recover from a budget crisis. As this only acts to worsen the situation, this will cause the general economy to worsen overall, while it improves for the select few controlling the companies that benefit from privatization, as has been the case since the Reagan administration. This will increase the national debt, continuing their justification for more budget cuts and privatization. It isn’t a plan to recover from debt, but to exploit the debt at the expense of the taxpayer to benefit a comparatively miniscule percentage of the population; and the concept of government debt is the keystone of the entire strategy. This happens on both a national level and a state and local level, and it is happening right now in Colorado. So McNulty will let the bill languish longer in the house, until it is no longer politically convenient for him to do so, or until they put together a law that instead of allowing local governments to invest in the Federal Government, allows them to invest in Republican campaign contributors chosen by the House. Oh shit, that is totally what is going to happen.



  1. 3D Eye says:

    Great blog. Naomi Klein did a great expose of disaster capitalism in The Shock Doctrine, but it keeps on happening – naturally enough – since that’s the way Republicans roll in the modern age. As do the Conservatives in Britain. Privatisation of public assets, and making money out of national disasters, is indeed the name of the game.

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