Wednesday, December 11, 2013

One Small Mile Post on the Way to National Bankruptcy

Today's Ryan-Murray budget "compromise" is a fitting occasion to state for the record, again, that federal spending WILL NOT be gotten under control under the auspices of politicians in Washington DC.  We could send double the amount of "Tea Party" conservatives to Congress, to the unending horror of coastal media elites and it wouldn't make a difference - the federal budget is a runaway beast that can't be tamed until it eats itself.
"Bankruptcy, not politics, is the final arbiter: Individuals, firms, and nations either buy particular bonds or they don’t. And a nation like Greece, in turn, either pays what it has borrowed or it doesn’t. All the op-eds in the New York Times cannot change that fact."
UPDATE:  David Stockman minces no words:  Disaster.  Betrayal. Joke.

Watch the video, Stockman goes off.  OFF!

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