No matter how dramatic the politics around the debt ceiling become, it's just theater. The reality is that government is out of control, tax revenues must rise and spending must fall.
Regular readers know that I loathe all politicians. Almost by definition, anyone who wants the job has a serious character flaw and is basically capable of thinking only about his or her own re-election and power rather than embracing any change that is a long-term positive for the country. Thus, my bilateral disgust is part of what I believe keeps my views from being a political attack on either side.
On the key issues, on Tuesday Dennis Gartman of The Gartman Letter shared a few factoids regarding taxes and spending levels, which I thought were worth passing along.
Read Full Article »
