Friday, July 22, 2011

Speaking of Crunch

Well, another week ends with no real movement on raising the debt ceiling. It sure would be nice to be like the GOP and decide that in spite of running up huge debts on your credit cards you can just decide to not pay them. People just don't seem to be talking about the fact that we are not talking about NEW spending just about paying for spending already committed to by Congress. Two wars, a huge tax cut and a Medicare drug bill all on the old plastic.
It is not looking like there will be any resolution either and if there is I am not taking bets on who will blink but as batshit crazy as the GOP is I doubt it will be them. It is going to get ugly.

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