Friday, July 29, 2011

Is Crisis Management Better Than No Management?

That seems to be the mantra of the political classes with regards to the debt ceiling extension. But as a citizen, the most aggravating thing has to be the delay in dealing with it. Ever since last year when the debt ceiling was raised $1.9 Trillion, you'd think someone would have noticed that we were spending more money than we were taking in and we would be bumping up against the debt ceiling again. But No! That would take foresight and understanding, both of which seem to exist in zero amounts in Washington.
If the Democrats get their way, they want to extend the cap by $2.4 Trillion just so we can get through the next election. After all, if the electorate is involved in the debate, they just may say "What in the Sam Hell are you thinking?" which would really harsh their mellow about spending, spending, spending.
By extending the debt limit, we aren't saving our financial situation, we are handing junkies their fix, all the while they plead that "This will be the last time, I promise." Maybe it is true that we get the government that we deserve, which makes me ask "Why does God hate us?"

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