As always, Jon Talton writes with a acid pen but this budget deal calls for nothing less. Here’s what he has to say –
As expected, President Hoover and the corrupt/enervated Democratic Party gave away any tax increases in the debt-ceiling stand-off. The results of this “balanced approach” will be years, if not decades, of economic and social destruction. The Republicans have a partner in their cherished ambition to dismantle Social Security, the Great Society and the New Deal in the party of Franklin Delano Roosevelt. As with the 24 million un- or underemployed Americans in a nation of 301 million, the damage will begin at the margins and not be fully felt for years.
That’s about right. This horrifying spectacle of political blackmail and presidential failure will damage this country for decades. The agreement calls for the creation of a Super Congress which will not be subject to the will of the people, essentially a politburo designed to do the unpopular things because in their minds the desire of the American people for job security, a stable retirement and help with medical costs brand them as irresponsible.