A perfect storm is brewing in the elite backrooms where policy is made and it is beginning to bubble up from the factory floor into the media where their policies are sold. Prepare the vital organs of your body for a “December Surpise” as some are calling it. The debt ceiling will be reached before the elections, sequestration from the Budget Control Act of 2011 will be going into effect (and huge military contractors are already threatening massive layoffs). The elite rhetoric about the need for austerity will likely be at a fever pitch on the campaign trail and in the media.
It’s going to be a mighty (if completely contrived) crisis.
Fortunately the elites have already got the answer to all of the problems that are being prepared to come to a head. Never fear, they’ve been working on it for decades.
A “Grand Bargain” will solve everything.
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