Saturday, October 12, 2013

Sequestered (again)

 
 


"The way we do our nation's financial business is a comedy of errors, only without the comedy..."
 


Here we go again...The BIG news is we are now closer to a deal, albeit a short one. Everyone is looking at each other across from the table and saying "We will open the government and then do some serious talking." To that I say CRAP! We will sign a six week deal, and six weeks from now, both sides will be clamoring to sign another six week deal as NOTHING will have been agreed to. Welcome to our land of make believe.
 
What I don't understand, is why so many people don't understand. There was an article in the paper this morning about how nervous many local CEOs are about the shut down. They would like the folks in Washington to "get along" and open the place back up. For rich guys that are suppose to be smart, they are missing the code speak. "Opening the place back up" means going back to business as usual. "Business as usual" means spending more money than we are taking in - and that means more debt.
 
Even though I disagree with him on most everything, the only sane voice in leadership is Harry Reid on the six week deal. His position is a six week deal will not work. It will just postpone the pain of resolving it. In fact, he thinks it will also disrupt shopping during the holiday season. His position on the debt limit (of which I DO NOT agree with), is a one year extension.

So how will this be resolved in six weeks? First off, it won't. Our last stork dance resulted in the orphan that nobody claimed - the sequester. I would be amazed if we travel down that road again, but we might. Rumor has it that the ever capable Paul Ryan is now behind the wheel of "crafting" the deal. If you could clap with one hand, I would have total confidence that Mr. Ryan could come up with something interesting. However, as we all know, the folks on the other side of the table have NO interest in any more spending cuts. They are still weeping over the sequester cuts.

As for me, I am going to make some popcorn, grab a soda, and watch the next episode of the Washington "soap opera". According to the elite, the deal could come as soon as this afternoon. When the President holds a presser to announce this wonderful deal, remember the immortal words from Macbeth - "it is a tale told by an idiot, full of sound and fury, signifying nothing."
 

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