Tag Archives: debt ceiling

Is This a Congress, or a Mob?

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Is this what the Founders had in mind when they first assembled Congress?

The bus of state is speeding toward the edge of a very tall cliff  — the unnecessary and politically-motivated default of the US Treasury next Tuesday — and almost all of the people who are wrestling for control of the steering wheel a) do not believe in cliffs, b) do not believe in gravity, and c) would rather be the center of attention than anything. It’s bad enough to realize that these people, despite their ignorance of economics, history, political science and the English language, are strongly affecting the course of our government on behalf of the country’s richest and most powerful people and companies. What is truly terrifying is the fact that they have now slipped the leash of their masters, and are running riot. Continue reading →

Apocalypse Now? Not With a Bang, but a Blunder?

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The US Capitol, becoming a beacon of stupidity, lighting the way down.

It is increasingly possible that the catastrophic unraveling of the Industrial Age may begin in two weeks, not because of global warming or oil shortages or water wars or natural disaster, but because of a stupid political ploy by the Know-Nothings who are now ascendant in the US Congress. Instead of “starving the beast” — by which they mean disabling government by preventing it from raising revenue — they have discovered that they can kill the beast by preventing it from borrowing revenue. Gleefully, they are threatening to refuse to raise the technical limit on US debt, by which means they may throw the government into default on or about August 2. Continue reading →