Monday, August 01, 2011

I want to believe - Well, the House just passed the debt deal and it will move on to the Senate where it is expected to be voted on tomorrow. Barring some windy speeches by Republicans and Democrats alike, it will pass through the Senate and go up to the White House.

My main complaint is the formation of yet another commission to face up to the main driver of our debt problem: runaway entitlement spending on the army of Baby Boomers. Senator Mitch McConnell seems to think that the "super-committee" will tackle entitlement reform where others have fallen short. I'm not so sanguine.

1 comment:

Anonymous said...

J.P. Morgan has nothing good to say about the deal.

They barely care about a new talking points commission; it's on their list of meh's.

You can also save this link for the next time you're tempted to type the phrase "failed stimulus."*d_645537.html*h_-1ni8eo3