June 29, 2010
My apologies for not writing to you yesterday… I was angry (a rare occurrence for me), and I hate writing to my friends when I’m angry. You see, the G8/G20 summits took place over the weekend in Toronto, and everything about these events simply boils my blood.
To me, there’s nothing more utterly worthless than a bunch of corrupt, irrelevant, incompetent bureaucrats who generate enormous pomp and circumstance to gather together at taxpayer expense in order to accomplish absolutely nothing.
Yet this is what happens at these ‘summits’ year in, year out. They’re not exactly staying at the Holiday Inn Express, either. The events are always in some posh resort where legions of underlings can enjoy champagne and filet mignon, courtesy of Joe Public, all the while their bosses strut and glad hand in front of the cameras.
This year, the focus of the summits was on the state of the world economy. They spent the weekend arguing, debating, and deal making… yet by Sunday evening, the only real accord reported by the group was an insipid statement about halving budget deficits by 2013.
The truth is, these summits carry absolutely no weight whatsoever; the G8/G20 are not sovereign bodies with any authority to enforce any of the resolutions. At the end of the day, each of the member countries is going to march to the beat of its own drum, no matter what it may have signed up for at the summit.
Regardless, the media ate it up. Newspaper headlines around the world heralded the governments’ progress to reduce their budget deficits… apparently failing to realize that half of a budget deficit is still a budget deficit, generating yet another uptick to the national debt.
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