Justin: In the Feast of Being Able to. Amen.

Hold My Hair Back, Thanks

And the results of the debate about the financial crisis are in:

Last night we raised the debt ceiling, meaning we are allowed to go further into debt, and we increased spending so that we will.

Increased spending? But they said they cut it by 2.4 trillion.

A lie. What they did was, they looked into the future and said, ok, according to our future spending plan for project X, in 2020 we would be increasing spending on that by 900 billion, so lets reduce that 2020 increase to just 500 billion. There! We just cut spending by 400 billion. Where else can we cut it?

And there you have it. Very little of the 2.4 trillion cut is real. Therefore, since the pending increases are greater than the actual cuts, all they did was ensure we could keep on the same path.

And the Democrats are livid. Because the whole deal did not raise taxes (which would have allowed them to spend even more), they are furious that SO MUCH has been cut from our spending. One of the prominent Democrats was on tv live last night just after the vote. He lamented, with disgust, that what just happened was immoral and violated all principles of religious charity. It was unconscionable. Another was on the news this morning shouting that “rich people have contributed NOTHING to this plan! ZERO! NOTHING!” he shouted in anger.

Half of a rich man’s income is nothing, when he could be paying 60 or 80 percent.

I was hesitant to post my previous 3 part thoughts. Part of me believed they’d pull it off at the last minute, somehow doing just barely enough to keep us healthy and give us hope.

I guess that’s the naivety in me clinging to the fallacious concept of the better angels of our nature.

This is actually worse than I guessed it would be.

“Both fiscally-conservative Republicans and liberal Democrats rejected the deal, with the former saying it does not go far enough to address the nation’s debt and deficit crisis and the latter complaining it cut too much and did not include revenue increases. Though the deal will reduce the deficit by trillions of dollars, it still leaves the nation facing a projected $22 trillion debt ten years from now – an increase of more than $7 trillion from today. Ratings agencies have said that they could still downgrade the nation’s Triple-A credit rating even with the deal.”
– CBS News, 1:19pm

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