I can’t say I’m shocked, but it seems that Congress has (as I predicted) completely pussied out and kicked
the can down the road for the 3,892,983th time. There’s not a single spine among them. They were supposed to cut $600 billion (a paltry amount in any case), but they’re going to cut nothing, and they’re only inching up taxes a tiny bit on only the very richest. Naturally the Euro is zooming higher, because it’s becoming evident that the US dollar is going to be toilet paper in short order. Next month, oince the debt limit is going to create another obstacle, they’ll have to find another way to pussy out. I’m sure they’ll be imaginative in doing so.