Every time I commence a catch-up article, I know I’m destined to not cover everything that deserves coverage let alone every topic that I’d like to cover. Destined for failure; here I go. Please come along with me.
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.
I’ll start out on all personal notes. As you can see, I’m back. My wife’s surgery was a success and the resulting somewhat ancillary (my degree is not in medicine!) tests came back negative which is huge! I probably took an extra day or two off, but I must admit having Easter and Dyngus Day off was nice. My Rays are 10-0 as I pen this so all is good on the personal front. Thank you to those who reached out to me!
Now on to politics, or at least a partial attempt to catch up. I have a feeling this will be a “two part – two-day effort”.