I'm sickened by the pronouncements of 'victory', 'triumph' and an 'historic' agreement over the deal to avoid a Federal government shutdown. Everyone who burbles on about it in those terms is lying to the American people, and demonstrating with their every word that they're not to be trusted. Consider the facts. The agreement will cut $38.4 billion from Federal government expenditure over the next six months: but that's a mere 1.04% - one point zero four per cent - of what will be spent during the current financial year . . . namely, $3,651.5 billion, or $3.6515 trillion. Our government will still spend a whole lot more money than it's got coming in, and the deficit will grow by another one-and-a-half trillion dollars or so - again!
To add insult to injury, CNS News reports: "The federal debt increased $54.1 billion in the eight days preceding the deal made . . . to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September". Great. So the 'savings' have already been more than wiped out, even before they're signed into law. Way to go, guys.
The inimitable Karl Denninger explains what the budget agreement does - or rather, doesn't - do.
So, here's a raised finger to the asshole politicians in Washington. They're lying to us, just as they've lied to one another. They've done absolutely nothing to fix the financial mess in which we find ourselves - and time's running out for them to do so.