They Think We're Idiots

Reported by Robert P. Heslin, for ElectionDebates.com

From Rush Limbaugh, a superb analysis of Belway Ruling Class attitudes that have fueled the political brinksmanship between President Obama on the one side and John Boehner and Eric Cantor on the other as the debt limit standoff unfolds.

• Despite all the wailing over "draconian cuts" from liberals and Democrats, and despite all the self-congratulations from establishment Republicans over their alleged fiscal discipline, the dismal fact remains that no real budget cuts are being made at all. What we're seeing today is similar to what we saw in the 1980s budgets under President Reagan: reductions in the rate of growth only.
  
  
• The ruling class claps its hands over a $1.2 trillion reduction of budget expenditures over ten years.
  
  
• But the budget baseline itself has been raised by $9 trillion over the same time period.
  
  
• The net change in federal spending, therefore, is an increase of $7.8 trillion.
  
  
• To make matters worse, future congresses have no legal obligation to institute budget cuts advocated by past congresses. Barring an attack of unprecedented conscience, future congresses will ignore even these modest cuts.
  
  
• Meanwhile the $9 trillion will have already been spent.
  
  
• This is why Standard & Poors has downgraded the U.S. credit rating from AAA to AA+. It's not the debt limit. It's not Republican intransigence. It's not the alleged specter of default. It's the rising baseline, which makes a mockery of beltway claims of monetary prudence. A budgetary baseline that rises $7.8 trillion in the aggregate over ten years is the ultimate refutation of DC's professed fiscal seriousness.

"It's the dead-on truth," says Limbaugh. "And it's what's infuriated me all along about Obama getting to occupy the position he occupies. He's the architect of all this ... he stands up there talking about the need for shared sacrifice, and balance, and all these other terms that he uses. And that if we don't get what he wants why the end of the country is near, default, just ... they really do think we're idiots. They really do think that they have us in the palm of their hand, that they can manipulate our emotions and really make us think that if we don't pay the price, if we don't go along, with higher taxes, or whatever else they're demanding, that the country is finished, and Mabel and George are eating dog food. We're saps. Play the saps, we're looked at as saps. By the whole DC culture. Plain and simple."

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