Boehner, Reid, Obama and company are still pulling the levers, pushing the buttons and filling the room with smoke and mirrors. The epic "compromise" they unveiled tonight barely even supplies a speed bump to government spending and the size of government.
Predictions:
First, this "compromise" will result in barely $4-billion (yes, I said BBBillion) in real spending cuts over 10 years.
Second, in short order US Treasury Bills will be downgraded.
Third, in due course interest rates will rise substantially.
Fourth, economic activity in this country continues to tank.
Fifth, this "compromise" bill will not pass.
Sixth, Obama will unilaterally raise the debt ceiling.
Seventh, Obama will declare martial law before his term in office ends.
A post script: Obama made reference tonight in his short message to the nation that this "compromise" will drop "domestic discretionary spending to its lowest share of our economy since Dwight Eisenhower was president."
Before you fall for this line of BS, it may do you well to re-read this article from PolitiFact.com.
Could it be that Obama repeats this lie time and time again in order to give the impression that government spending is declining, when the truth is government spending is growing?
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