Only if they had taken place in the Black Hole of Calcutta would the negotiations on a compromise to lift the government debt ceiling have been less transparent than the way our politicians cooked up their behind-closed-doors deal to supposedly avert a crisis that they have fabricated.
Three things are clear:
First, a deal to let government's take on more debt was reached just in time to enable the government to continue to spend more money than it takes in, which is fictitiously portrayed as a looming catastrophe. The deal now will be rushed through both the House of Reprehensibles and the Skansty and signed by the former community organizer before any significant opposition can be organized or the nation's citizens can even come to understand how they again are being screwed.
Second, the deal will result in continuing increases in the indebtedness that we will be passing on to our children, grandchildren, great grandchildren, great great grandchildren, to future generations ad infinitum.
Germany's Iron Chancellor, Otto Von Bismarck had it right when he observed that people sleep better at night when they do not know how their laws and their sausages are made, but he never envisioned anything as shameful as how America now is being governed or a citizenry that tolerantly accepts the way the nation's business is being done.
Third, the nation's credit rating -- which is based on the government's excessive spending and unrelated to the debt ceiling -- probably will be downgraded in the near future. That deserved action almost certainly will have serious adverse repercussions and lead to lots of nasty finger pointing, accusations, and blame casting.
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