U.S. Politicians Engaged in Grand Compromise or Great Conspiracy?

Monday, December 13, 2010
By Paul Martin

By: Martin D Weiss
Market Oracle
Dec 13, 2010

When Americans went to the polls last month, many thought they were voting for a return of fiscal sanity in Washington. And with fiscal sanity, we’d have far better assurance of bond-market stability.

Instead, three houses of ill repute — two on Capitol Hill and one on Pennsylvania Avenue — are joining to deliver one of the most wanton, deficit-busting, bond-wrecking bills of all time.

What most people seem to overlook is that there are actually two bills in the works. There’s the bill Congress will pass this year. And there’s the bill you and I will have to pay next year, the year after, and perhaps till the day we die.

President Obama and the Republican leadership are calling it a “grand compromise to stimulate the economy.”

In reality, it’s little more than a great conspiracy to slaughter our nation’s finances.

The sad irony is that nearly all key decision-makers in Washington — including some you and I may have voted for — are feasting on the spoils:

The Republican leadership is getting the biggest prize — the extension of all Bush-era tax cuts.
The White House is walking away with its own choice morsels — a 13-month extension of unemployment benefits, a major cut in payroll taxes, and more.
And even rebellious Democrats are rebelling with a goal: To get a few leftovers for themselves as well.
Nearly every leader in Washington has blood-red ink on his hands!

The Rest…HERE

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