Debt limit reached…

We officially  hit the debt  limit this morning,  and other than Cassandra Geithner wailing about default,  the republic has not yet collapsed.   His Oneness wants you to believe he is serious about reducing the debt and deficit.   If you believe him,  you are a fool.

Democrats did not pass a budget last year because they couldn’t make the numbers work,  and they believed not having to vote on those numbers would save some Democratic congressional asses.  It may have.   They don’t want any budget to pass now.   They are perfectly content to have the ramped-up spending continue until the next election,  when they hope their party will re-take the House and they can spend even more.

Sen.  Chuck Schumer roars that the Republican failure to increase the debt limit will cause another recession,   and the Ryan budget proposal  will KILL YOUR  GRANNY,  and candidate Newt Gingrich  agrees it’s  radical!   Newt  once knew  better.   Paul Ryan  still does. Danger,  Will Robinson!

Veronique de Rugy has an  excellent post  on the entire debt ceiling mess,  especially useful in light of the Domenici/Rivlin bleating about   Save as You Go  planning.   De Rugy also shows who owns all our debt,  here.

If you have conservative congress critters,  stiffen their spines early and often.   If yours are progressive or liberal,  carve them a new one.  It is important that all of them are called to account when they lie,  mislead,  and obfuscate.   Make them pay for it.