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Wednesday, July 13, 2011

Fringeville Edition #12, July 13 2011

My Party just blinked.

With August 2 looming, the plan is to kick the can down the road.


Senator McConnell wants to give the keys to the debt ceiling to the President. If this flies, it will likely result in no real serious efforts to address the deficit. It will also transfer enormous power to the President. It sets a horrible precedent. The last thing we need is yet more power transferred to the Executive Branch of the federal government, regardless of who is occupying it.

McConnell's scheme is a wholesale surrender by the GOP.

Sure, my party can beat the President up during the upcoming election for raising the debt ceiling and not addressing the deficit in a serious manner. They can point to the train wreck and say: "Look who was wearing the engineer's cap!"

And all the while, they were shovelling coal into the engine of a runaway train.

Yes, they blinked.

But on the upside, they may have postponed that "Tuchman moment" I worried about previously. But that book is still open...