Good Riddance To Johnny Lawnchair—–The Fastest Fold On The Potomac

There are few political hacks in Washington more deserving of everlasting ignominy than retiring speaker John Boehner. So here’s a vehement good riddance to the man who has single-handedly destroyed whatever pathetic semblance of fiscal responsibility that remained in Washington.

The so-called bipartisan budget deal he confected as a parting gesture doesn’t even deserve to be called a farce. It’s actually just an extension of Washington’s pathological lying to the American public about the monumental fiscal calamity now brewing.

The chart below shows the patented formula—– employed for the second time since the sequester mechanism was put in place during the debt ceiling crisis of 2011.

It will increase spending by $85 billion in the here and now by busting the FY 2016 and 2017 caps. This new red ink will then, purportedly, be off-set way down the road with gimmicks, imaginary IRS audit revenues and hazy disability benefit reforms which will never materialize. Never.

Indeed, these people are beyond shame. The big bulge of $33 billion of savings shown for the never never land of 2025 is due to a sharp increase in assumed discretionary spending cuts and Medicare benefit reductions. That is, the very same programs that are being pumped up during the next three years!

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