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| “
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Congress,
a collection of whores, con-men, and penny-ante sharpers from East
Jesus, Nebraska, ponders the Great Question: Default now, and admit
manfully to being the economic lepers everyone else already knows we
are? Or raise the debt ceiling, keep spending like a spoiled Swarthmore
sophomore with daddy's credit card, and collapse a bit later?
It's just lovely. The World’s Greatest Economy
holding out the begging
bowl to China. “Alms? Alms for the poor?” Maybe I don't have enough
Padre Kino after all. Maybe there isn't enough. [Fred
Reed]
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” |
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Borrowing to surge after cap raised...
ReplyDeleteMay not save AAA rating...
Same. As. It. Ever. Was.
ReplyDeleteLetting the days go by....
"I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."
ReplyDeleteI think the quote fits.
No, when the wheels fall off here, they fall off all over the world.
ReplyDeleteCasca
Here's what I think about it !
ReplyDeletehttp://aherdofturtles.blogspot.com/2011/08/congratulations-rinos-you-have-now-been.html
Of course if you stand back a bit and look at the situation:
ReplyDeletehttp://blogs.telegraph.co.uk/news/tobyyoung/100099357/the-real-story-of-the-us-debt-deal-is-not-the-triumph-of-the-tea-party-but-the-death-of-the-socialist-left/
And:
http://www.theaustralian.com.au/news/world/far-from-broken-us-a-political-beacon/story-e6frg6ux-1226106212199
Disgraceful.
ReplyDeleteThere will be no cuts. Just increased spending year after year.
toadold - ur 1st link-
ReplyDelete"This negotiation has been an astonishing victory for congressional Republicans.
They have won the intellectual and political argument. President Barack Obama, the biggest-spending president in a generation of US politics, has abandoned plans for new taxes, effectively abandoned plans for any significant new government programs and accepted - in principle and in practice - that there must be deep, structural cuts to US government spending.
Of course, it will be difficult for Republicans to enforce this and to keep their pledges to avoid new spending or merely leaving existing programs on a business-as-usual basis of endless expansion."
Ten years ago I would be joining the revelers and drinking champagne. I am by now admittedly, and I think justifiably, cynical about any "10 year Plan," especially one administered by "bipartisan" committee. There is no arguing that we just raised our debt ceiling by $trillions, and I see no good in it whatever.
Wait, I take that back. Anything that sends the left into paroxysmic spasm has tremendous entertainment value. Laughter is after all the best medicine.
I watched Greta on the tube last night. She was trying to pin down some slick congressfolks on the nuts and bolts of the bill and the immediate effects.
ReplyDeleteGreta had no luck. They were too slick. She did make them squirm, but then again, it's hard to tell if a snake is squirming, or just being a snake.
Snake!
ReplyDelete