First, the legalized gangsters in the nation's toilet raised the debt
ceiling at the 11th hour so that the US government can borrow more and
spend more, in spite of the looming budget carnage. Then they partied
down into the wee hours of New Year's Eve and agreed to further fleece
our most productive people in order to keep the spend-a-thon sustained.
New Year's Eve was a convenient time for such fiscal buffoonery
considering that the markets are closed until Wednesday. Still, with
government spending zooming upward and spiraling out of control, the
government is on track to exceed its borrowing limits, again, and within
a month or two. Yet another cliff is ahead, and there will be yet
another scheme concocted to avoid the cliff and ensuing economic
collapse.