by Dan Perrin –
It is irrational to expect different results from promising cuts in the future and raising the debt limit immediately.
The Dem trap is simple, wait out and refuse any real cuts, and then use Wall Street and the Federal Reserve and others to force Congress into granting new debt immediately, with promises of cuts in ten years.
The new deal sounds like the same old formula, it will change nothing. This is not serious reform. Continue reading →