[dc]I[/dc]t’s the grift that keeps on grifting. They dodge responsibility and fund our destruction in the short term, while deferring even worse decisions to a “bipartisan” group. I am proud to have opposed this arranged defeat, the debt ceiling compromise bill, here , here , here , here and here, among other posts and places.
Ann Barnhardt is quite focused on how bad this deal was:
I stand here in abject stupefaction. The so-called “right” or “Tea Party” in this republic is being so thoroughly rolled and defeated that I am struggling to come up with an adequate violent submission metaphor that does not involve prison rape . . . and they honesty think that they’re “winning.” Really? You call this winning?
- – Obama gets over $2 Trillion to spend before the 2012 election
- – There are no real spending cuts
- – There is a massive tax increase effective January 1, 2013
Obama is going to be handed something in excess of $2 Trillion — and he has made it perfectly clear that he will spend every penny of it before the November 2012 election. That’s why he kept saying, ” . . . so we don’t have to do this again”, meaning raise the debt ceiling again. The debt ceiling would only need to be raised if all of the money had been spent. Therefore, he has stated very clearly that he will spend every penny of any debt ceiling increase. He is going to burn through $2 Trillion-plus in the next sixteen months. This was the Obama regime’s plan from day one. Geithner appeared before Congress in early May and told them this in no uncertain terms. This outcome has been a known quantity all along.
Posted at The American Thinker.
There’s more. Read the whole thing. You don’t have to agree with all of her conclusions to admit that her facts are correct. I pointed out many of these facts on this blog; many more are things which had escaped my consideration.
The smart kids are now pointing out that the bank problems we have seen are nothing compared to what will happen as the first wave of health care provider failures begins to mount. I haven’t seen an estimated timeline, but you may rest assured it starts in the next Presidential term if not before.
We are in deep kim-chee right now, not later. Later comes collapse.
