Grand Compromise or Great Conspiracy?
December 14th, 2010Via: Money and Markets:
When Americans went to the polls last month, many thought they were voting for a return of fiscal sanity in Washington. And with fiscal sanity, we’d have far better assurance of bond-market stability.
Instead, three houses of ill repute — two on Capitol Hill and one on Pennsylvania Avenue — are joining to deliver one of the most wanton, deficit-busting, bond-wrecking bills of all time.
What most people seem to overlook is that there are actually two bills in the works. There’s the bill Congress will pass this year. And there’s the bill you and I will have to pay next year, the year after, and perhaps till the day we die.
President Obama and the Republican leadership are calling it a “grand compromise to stimulate the economy.”
In reality, it’s little more than a great conspiracy to slaughter our nation’s finances.
