Fast and furious; that is how the political news keeps coming in. Today I’ll try and briefly comment on some of it.
The Republican majority 118th House has been in session for over 18 months now and has largely been a joke. Too bad all the late night talk shows are currently shuttered. The monologue jokes would all but write themselves. I hope it won’t but I fear it will get worse in the run up to the 2024 elections.
Today is Memorial Day, the day we set aside to honor our war dead. (All veterans are honored on Veterans’ Day in November. Today is set aside for those who made the ultimate sacrifice.) Perhaps it is taken from the Christian principle of hate the sin but love the sinner, in any event I’m a believer in respect the warrior regardless of what you think/thought of the war. As I told a friend of mine with survivor’s remorse, nobody cuts their own orders.
The American and the global economy are unnecessarily flirting with disaster (or at least uncharted territory that no sane American wants to traverse). In my mind averting it may well come down to the actions of one man above all others. That man is Mitch McConnell.
As I commence writing this article, we are awaiting the Fed’s announcement on interest rates. I am among the many who anticipate a .25% increase. That is not only unnecessary but injurious to the economy. The Fed seems committed to raising rates until (and hopefully not beyond) the point that it puts the economy into a recession. But that’s only a small part of what I want to cover today; the looming debt ceiling crisis is my main thrust.