I’ve been busy dealing with a real-world feces outbreak, but I have been keeping up with the news. One of the stories that I find endlessly funny is the “failure” of the congressional super-duper committee, which was allegedly going to deal with our lack of fiscal discipline at the national level.
I’m curious–did anyone think this was going to actually work? Politicians are as addicted to spending other people’s money as a crack ho is to crack (and usually just about as desperate for their fix). This thing had FAIL written all over it from day one.
It’s also been pointed out in various places that the whole $1.2 trillion in cuts over 10 years aren’t really cuts–they’re simply reductions in the rate of growth of spending.
I’d suggest keeping a very careful eye on things. Addicts will do incredibly stupid and desperate things when their supply is cut off. And they have a year to do it in.