> It does, but I don't think the most urgent need for the U.S.
> economy right now is borrowing to finance fresh borrowing.
> It should be to promote an orderly deleveraging, a humane
> austerity program (meaning that it should fall on the top
> 5-10%), and a long-term transition away from consumption and
> towards (social) investment.
Sure, but I thought today was less about the long-term interests of the US economy than about servicing Barry's base on Wall Street?
I didn't mean to suggest that Obama went around Congress for the sake of doing right.
Shane