It reminds me of the annual (continual?) begathon used by NPR to obtain money. One major difference is that NPR is dependent upon volunteers to step up and provide the money. (No, I don’t approve of NPR’s public funding, nor most of its programming.)
This ritual is a joke. Only in Washington where smoke and mirrors are a way of life could such a sham perpetuate itself again and again. The crooks and thieves will authorize another increase, after performing proper foreplay. They will further burden the future and children yet unborn to continue their charade and tenure in office. They will move us closer to dollar and economic collapse to indulge the myth that government is not bankrupt.
As discussed by the Daily Bail:
The U.S. government is insolvent. Who says so? Timothy F. Geithner, the U.S. Secretary of the Treasury.
Geithner sent a letter to Congress on Jan. 6, 2011 asking for the debt limit to be raised. If it is not raised, he warned, the U.S. will default on its debt. In his words:
Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States.”
He didn’t say that the government will be inconvenienced. He didn’t say that the government would be forced to muddle through by delaying payments, raising taxes, and cutting non-obligatory programs and services. He said the government will default. This means that the government doesn’t have enough cash to pay its obligations to the many and sundry persons to whom it owes cash unless Congress authorizes an issue of even more debt.