The net revenues gained from this groundbreaking deal reduce the deficit by 5%:
(h/t ZeroHedge for the chart data...)
Senate magicians delayed their vote until 2am on New Year's day, so they could use sleight of hand to claim that they "lowered taxes", even though taxes were still higher than the day prior - all because technically all taxes automatically went up at midnight...No one had the heart to tell them that we all saw their trick. So they were happy...
The media extolled the great stock market rally resulting from the "big deal"; in another sleight of hand, the big rally left the market just 1% above where it was just 8 days ago.
Senate magicians delayed their vote until 2am on New Year's day, so they could use sleight of hand to claim that they "lowered taxes", even though taxes were still higher than the day prior - all because technically all taxes automatically went up at midnight...No one had the heart to tell them that we all saw their trick. So they were happy...
The media extolled the great stock market rally resulting from the "big deal"; in another sleight of hand, the big rally left the market just 1% above where it was just 8 days ago.
Taxpayers breathed a sigh of relief, as their (payroll) taxes went up. So they could get on with planning for personal bankruptcy...
Corrupt lawmakers started fresh haggling over the debt ceiling negotiation, due in six weeks. Once the debt ceiling hostage crisis is resolved, two weeks later we will have another "sequestration" cirque du jerk, which was just punted eight weeks ahead, giving lawmakers more time to proclaim their love of country while doing everything possible to destroy it.
Speaking of the debt ceiling, it was breached again today, but the Idiocracy didn't notice since there was a new episode of American Idol demanding attention. Anyway, Geithner just walked over to Bernankenstein's office and asked for a payday loan to cover the next several weeks, giving his Rolex as collateral. The Bernank who was busy printing a fresh new trillion, absent mindedly tossed Timmy a few hundred billion...
Speaking of the debt ceiling, it was breached again today, but the Idiocracy didn't notice since there was a new episode of American Idol demanding attention. Anyway, Geithner just walked over to Bernankenstein's office and asked for a payday loan to cover the next several weeks, giving his Rolex as collateral. The Bernank who was busy printing a fresh new trillion, absent mindedly tossed Timmy a few hundred billion...
The media celebrated at all the ads they sold during the six week hostage taking fiscal cliff negotiation, oblivious to the fact that their country was falling apart between commercials. They patted themselves on the back for knowing all of the key facts and figures pertinent to the alignment of deck chairs on the Titanic, while they looked forward to another six week circle jerk.
The general public did their part by maintaining their steadfast delusion that this circus can go on indefinitely with no consequences.
Meanwhile, everyone outside of the U.S. just scratched their heads wondering how the hell the U.S. got to be a powerful nation in the first place.
