Washington stews in it’s hot & wet weather and the mental anguish of the lowest denominator of human intelligence.
This is the scientific conclusion reached by a slew of independent brain researchers because it appears that after careful consideration — this friend of every man — the ‘crying bonner’ John Boehner of the GOP came up with a new strategy to reduce government and still raise the debt ceiling… all the while intentionally killing the US economy.
It’s a very interesting bit of Fiscal and Monetary strategy: Force the U.S. default. Destroy U.S. credit rating. And make it impossible for the government to spend any money, which will compel drastic spending cuts.
Yeah, that’s a rational policy in planet GOP of a remote galaxy in deep space…
Also in a monkey tree someplace in the jungle of Borneo — it’s rational.
Tea Partiers, party on: Mass invoked suicide never looked so good to so many…
But sadly this is not rational in the Capital of the Free World. Yet this is where this new tea party themed proposal is offered and this is just plain nuts.
You want nuts? Proof of this is in the pudding; because investors already are taking flight away from the US along with their capital.
And they are seeking any healthy issues outside of the US. ANything – just so long as it is away from the Washington political risk of a flailing government.
The investors flee and they look for steady alternatives to United States Treasury bonds as worries escalate that brain oxygen deprived US lawmakers will fail to reach an agreement to rein in the deficit and raise the federal debt limit in the coming days. After the steady decline of the US stock markets we are all looking for heavens elsewhere…
Some massive investors have already shifted funds into corporate bonds, while others are forgetting about yields entirely and parking their money in cash, and many others are looking to those classic safe havens of yore, gold and the Swiss franc.
Yours,
Pano
PS:
You can’t blame them now — Can you?
