Tuesday, August 2, 2011

Could Be Worse

Haven't felt like posting anything about the stupid bullshit debt ceiling debate as the whole process has been disgusting and depressing. A crisis ginned up by thugs to force a choice between cutting federal spending during a recession (a very bad idea) or defaulting and blowing up the whole global economy (a really, really, really very bad idea) ain't much of a choice.

So now we've got a "compromise" that's only 'very bad' as opposed to a total disaster. The rethugs get to expand their policy of "death to the poor", the dims continue to be weak and useless, and the recession will grind on even longer. No new jobs for anyone, even though that is what the economy actually needs.

The only good thing in the whole process was Rep. Gabrielle Giffords makes first return to House since Jan. 8th shooting to cast vote in favor of debt deal. Everything else was dismal.

Added: Passed the senate 74-26. Now we get another "bi-partisan commission", and we all know that those always work wonders.


Anonymous said...

Great post. Notice how the tea party and wall street have the same agenda, though the former has no clue whose will they trumpet. it is sick.

Fearguth said...

I wish I could say something to cheer you up, Pygalgia, but I can't. Oh, I forgot: there's talk of interstellar travel 100 years from now. Cheers!

Demeur said...

It will be interesting. As the assault on the middle and lower classes continues they'll have no option but to cash out their IRAs and 401 Ks to survive. With no jobs in sight Wall Street will start feeling the pinch as in nobody's money left to gamble with.