And so, Speaker Boehner cajoled the House into sending onto the Senate this wonderful "solution to the debt ceiling crisis (said crisis being of course, manufactured out of whole cloth by the Administration, but that's another diatribe for another time)", which the Senate of course lost no time in passing and dropping on the President's desk for one of the most rapidly scrawled signatures in US history. The Media™ rejoiced as the Federal government once again rescued itself from being constrained in any way shape or form to develop a notion of fiscal responsibility. The Congress just handed the White House the authority to borrow another $2.5T.
Once again I am forced to step back and ask, "Just how the heck did we end up with John Boehner as Speaker of the House? And just how the heck could the House leadership get behind and push for the single largest floor-jack under the debt ceiling measure? My inner political cynic is forced to remark that once again we have proof that the Republicans, as much as the Democrats (speaking of the highest national levels of both parties (or both sides of the same party, that of Big Government™ ) ), have utterly no interest in acknowledging or, Heaven forfend, going along with, any percieved or actual mandate carried on the shoulders of all those Tea Partiers and outspoken fiscal conservatives that the ignorant unwashed masses Out There stuffed into all those comfortable chairs in the House chamber.
And why should they? After all, as I've said many times before, Boehner and the Republican leadership in the House have a perfect scam going. They can ocassionallly permit the Tea Party types to fuss and speechify and even pass the occasional hard-core conservative fiscal bill (Cut, Cap and Balance anyone?), secure in the knowledge that as they duplicitously rack up brownie points with an electorate fed up with Business as Usual™ in Washington, their status quo ante, ever expanding debt financed Big Government colleagues in the Senate have got their backs. No matter how loudly the Tea Party screams, the Senate will never pass anything remotely resembling the Tea Partiers' and other fiscal conservatives' agenda; the President will never even have to lift a finger to veto anything. The Republican leadership in the House can breathe easy; the boat shall not be rocked so long as the upper chamber's on the job. Cut, Cap and Balance was a fraud, a meat-bare bone with no marrow thrown to the baying hounds of the Tea Party. Everyone inside the Beltway was comfortably relaxed. The fix was in; no WAY would that bill (or anything like it) make it past Reid & Co..
Thus, here we are. August 3rd rolls toward its hot and humid afternoon, and the machineries of expenditure are once again lubricated with the fiscal lifeblood of our grandchildrens' economic potential. I refer once again to Thomas Jefferson, who remarked, "...the principle of spending money to be paid by posterity,under the name of funding,is but swindling futurity on a large scale."