August 3, 2011

On the never-ending saga of the debt crisis.

This deal was supposed to be the salvation. This deal was supposed to buy us time. This deal was supposed to ward off Satan. And his sandwich. This deal was supposed to buy us some time, at least for Christmas. This deal was supposed to bring us a little peace. This deal was supposed to bring us a little compromise. And now here it is. When did Obama sign this stupid thing? Yesterday? Last night? So in one day – we have a story from Reuters – “Economists say the economy could face a further drag from the budget deficit cutting plan approved by Congress this week.” Wait a minute! I thought this bill was the salvation. Now they tell us, one day later, that the economy could face a further drag because we did this deal. And why? Because it’s a deficit cutter. And it’s not a deficit cutter.