The Debt Ceiling Farce
The politicians are playing the usual Deficit Ceiling game again. Of course, the so-called Deb tCeiling is meaningless as the "ceiling" is always raised. But having something called the "Deb tCeiling" gives the Republican rubes the illusion that SOMETHING IS BEING DONE about deficits.
http://money.cnn.com/2011/07/13/news/economy/debt_ceiling_fallout/?cnn=yes
Of course, the trillions that the United States has spent to improve the economy has done nothing. And instead of spending the money on something productive (like the Hoover Dam), the money was spent ensuring huge bonuses to the bankers, buying guns for Mexican drug gangs and promoting "diversity".
The Omaha Public Schools used more than $130,000 in federal stimulus dollars to buy each teacher, administrator and staff member a manual on how to become more culturally sensitive.
http://www.omaha.com/article/20110710/NEWS01/707109937/1031357
What I consider a farce is that both republicans and democrats are only interested in their political position at the end this debacle. All they care about is who gets to control America in 2012.
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Some politicians would argue that the dangers of a default are being overstated, and that the only way to curb the nation’s debt problem is to reduce its legal ability to borrow. I'm neutral about this.
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