Monday, May 2, 2011

Through the Looking Glass Debt Ceiling

Was it George Orwell who said that there are some ideas so absurd that only an intellectual can believe them?

No matter, the truth is compelling nonetheless.

While I doubt former Bush II Secretary of the Treasury Paul O'Neill qualifies as an intellectual, I'm pretty sure he'll pass for a card-carrying member of the smart set in Washington.  Apparently, he seriously thinks that raising the debt ceiling yet again is the only way to secure and improve the nation's faltering credit rating.  He's joined in this kind of thinking by current Secretary Tim Geithner, along with countless other DC savants.  And all along I thought routinely busting the debt ceiling was the main cause of our faltering credit rating.

I've made this point before, but there is some threshold over which one's antagonists pass where it is no longer meet, in fact it is sure folly to engage them any longer in anything like reasoned debate.  The proper response, the only response is mockery.  To that end, the invaluable Mark Steyn serves up a satisfying portion on this subject over at NRO.

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