It seems I got that right in my last entry. Over the weekend they are facing for a “smaller” solution. And it hurts like nothing else what they’ve to give in
2007 there was a debt of around 60% of the GDP now we are beyond 100 % and what’s the “solution”. Raise the ceiling more debt. Still burning money in enormous quantities and suprise, suprise the QE does not have worked. The People keep their purses more shut than open. But one exception. The banks again are making tons of money.
Not while they serve their customers but they “please” the government. So what has changed?
Nothing, the same people before the crisis which were not able to get income and expenses in sync are still sitting in Parliament and have driven but a few quenches of sanity out of it. Yes the evil rich people do not pay enough, Obamacare was established with new laws, new bureaucracies and so we know the prices will start skyrocking.
So what has changed really?