Yeah. Pretty much.

We have a brand new national catastrophe. There is no way to sugar coat it, no way to improve the sound of it. Middle class Americans are going to suffer a further decline in benefits, job security and educational potential while the “bond” market is protected (although it was doing just fine).

James Pilant

WASHINGTON — President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts. Most of you don't get it but are too blind to see even if it was laid out in front of you, their plan is to bankrupt this country, this vote fixes nothing.  Please ignore your party loyalty and think about ou … Read More

via str8media