Monday, February 14, 2011

The bond markets

Really? The "If only for the sake of the bond markets?"

“I would like to get something done. I don’t want to have two years of nothing,” said Representative Paul D. Ryan, Republican of Wisconsin and the new chairman of the House Budget Committee. “It would be nice to get some achievements, if only for the bond markets — to keep them at bay for the time being.”

That really sums it up, doesn't it. All this optical illusion, where the only spending cuts will come on the backs of the historically disenfranchised or to enhance nuclear weapons security, for no other reason than to keep some mythical bond wolves at bay.



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