So, if the deficit has been cut in half, why are we still pursuing a Grand Bargain?

[phantom power]

So, if the deficit has been cut in half, why are we still pursuing a Grand Bargain? Because it's not really about the budget deficit at all. Once more, here's the president in January of 2009:

"What we have to do is to take a look at our structural deficit, how are we paying for government? What are we getting for it? And how do we make the system more efficient?"

This is the real "transformation" he was seeking. And it looked like this:

President-elect Barack Obama will convene a "fiscal responsibility summit" in February designed to bring together a variety of voices on solving the long term problems with the economy and with a special focus on entitlements, he said during an interview with Washington Post reporters and editors this afternoon.

"We need to send a signal that we are serious," said Obama of the summit.

Who does that really serve? You be the judge.

http://digbysblog.blogspot.com/2013/04/rallying-troops-wall-street-charm.html

[HereSince1628]

1. TPTB want 85% of every pile of money in the economy.

It's really that simple.

[magical thyme]

2. actually they want 100%

but they realize that, unlike horses, people that live on grass don't make great workers, so they'll settle for a little less than 100%.

[HereSince1628]

4. I thought they wanted the other 15% of it in precious metals in their basement.

[russspeakeasy]

3. We are here to entertain the masters...