“So far, so good!”

The confluence of head-exploding statements and news keeps coming, with the worst being the recent unconscionable announcements out of the mouths of the President and some of his political adversaries that “there is no debt crisis.”

This is exactly like the old joke about the man falling from a 40 story window, being asked by someone on the tenth floor, shouting through a window as he passes, “How are you doing?” “So far, so good!” he answers. Yet these ridiculous, idiotic or intentionally dishonest statements by President Obama, Speaker Boehner, and others are being cited by the news media as reassuring! No, there’s no debt crisis, if you regard that falling optimist as not being in a smashing-to-pulp-on-the-sidewalk-crisis. The debt increased by a trillion dollars last year, and looks as if it will increase by close to a trillion more by October, 2013. The government has no leadership on the issue, and the various sides appear incapable of forging a solution, with the current Administration actually going out of its way to try to make less than 2% in budget cuts under the absurd sequester hurt as much as possible, to convince a math-deficient public that cutting the size of government is not only impossible but undesirable. This scenario doesn’t demonstrate that there’s a debt crisis? Continue reading →