Joe Scarborough is leading a not unintelligent discussion of raising the debt ceiling this morning. It covers some of the reasons why Washington's credit limit will be raised by at least enough to let your grandkids redeem those federal savings bonds you've been buying them all these years.
And of course to put gas in the cabinet officers' limos, support a million and more more otherwise unemployable androids in the bureaucracies, hire the curviest office drones for congressleches, and pay farmers to refrain from growing food.
The Obama Wing of economic stupidity is correct about one narrow point. Government must protect its FICA score by desperation measures. It must borrow more long-term money to head off immediate default which, aside from robbing your grandkids of their college nest egg, would piss off China to no end.
Scarborough got some general agreement that the debt-limit debate could generate that storied "adult" moment in congress. The critters might say, "Yep, if we keep trying to buy some peoples' votes with other peoples' money, we're shortly going to get our adult members caught in the wringer."
So let's watch the action on "reducing discretionary spending." Let's immediately and scornfully dismiss the political posturing for what it is.
The critter to praise will be the first one who votes against a new interstate highway spur in his home district.
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