Please inform the country of the man, men, woman, women, child, or adult who can predict with accuracy the status of the economy within a ten-year future window.
The short answer is no one can do it. It is all a guess. Some guesses are better than others, but all projections are still guesses.
If the Congress will cut spending today, the country will be better off tomorrow. The problem is the political class wants to do press conferences to announce the next great compromise, and that brings me to Mitch McConnell.
The senior Senator from Kentucky is conscious of his 'legacy'. He wants a) to supplant Henry Clay as the Great Compromiser whose Compromise of 1850 was also a temporary fix to the problem of the day, or b) to supplant Abraham Lincoln as the great Kentuckian. I refuse to enable him to do either by supporting his misguided, politically driven can kicker.
To give Barack Hussein Obama sole authority to raise the debt ceiling has the same effect as just raising the ceiling by vote of Congress, and if Harry Reid likes the idea, it has to be bad.
The only acceptable solution to our debt problem is to cut spending right now and substantially.
But that will require Courage; few in Congress have Courage.
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