Friday, November 16, 2012

Now we're just haggling about the speed over the edge

Zero Hedge has an excellent review on how this debate about the fiscal cliff is just prattle because there are no serious proposals to address "mandatory" spending:
Given that the entire problem is with mandatory spending, slashing the discretionary budget is pointless. It's as if the US economy is a speeding train heading towards a ravine at 200 mph, and the conductors are arguing about whether they should slow down to 150 or 175.
Read the whole thing, as they say.  We're just fooling ourselves.

1 comment:

Anonymous said...

That comment is almost right--what the conductors are arguing is whether to speed up to 215MPH or 230MPH.