Mark Steyn, always an exceptional writer, hits the ball out of the park with No bargaining with Barack Obluffer. Here is one key section (emphasis mine) :
But in essence the spenders are negotiating among themselves how much debt they’re going to burden you with. It’s like you and your missus announcing you’ve set your new credit limit at $1.3 million, and then telling the bank to send demands for repayment to Mr. and Mrs. Smith’s kindergartner next door.
Nothing good is going to come from these ludicrously protracted negotiations over laughably meaningless accounting sleights-of-hand scheduled to kick in circa 2020. All the charade does is confirm to prudent analysts around the world that the depraved ruling class of the United States cannot self-correct, and, indeed, has no desire to.
One hopes that all reasonably minded Americans are paying attention! The Tea Party made a good start in 2010 but clearly, the majority of the elected officials in DC have shifted back into “same old, same old” mode.
Update: Victor Davis Hanson has written a superb article as well. h/t ET In it there’s a most interesting quote from 2006. You’ll be blown away who said it:
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”


