What Else

Okay, all that anyone is talking about - well not all but pretty much - is the failure of the U.S. politicians to so far reach a compromise on the raising of the debt limit. There is, however, very good news on the horizon. According to an article in the NY Times, the government has all the way to August 10, not August 2, before we hit the brick wall. Well, that extra 8 days of free spending makes me fell all giggly inside personally.

http://www.nytimes.com/2011/07/27/us/politics/27date.html

There are, however, a couple of problems with this. First, some could call the failure to do it by August 2 a credit downgrading event that could lead to interest rate increases for thousands (as in 7000) municipalities, counties and states, not to mention the U.S. Many, like California, which is working out a $5billion bridge loan, are getting ready for the storm. Second, who the hell says things will be better eight days later. Seriously, call your politicians - I have - and tell them to make the necessary compromises. There needs to be some serious reductions - as in trillions - in spending, including our precious entitlements, AND there needs to be some tax increases. Both sides need to give some on their sacred cows. This candle needs to be burnt on both ends and if your politician is not willing to compromise, he or she is an idiot and will lead this country to a great deal of financial pain. We are seriously about to shoot ourselves in the foot and this is that very, very last thing we need right now.

Disclosures: I am an U.S. taxpayer and I am pissed off