Then later, in our suspiciously Hollywood-esk drama of the "fiscal cliff", a "tentative accord" is made, there's just one problem with it: it doesn't actually address the issue which created the whole "fiscal cliff" in the first place: the debt ceiling. Oh, but don't worry:
Treasury Secretary Timothy F. Geithner formally notified Congress that the government reached its statutory borrowing limit on New Year’s Eve. Through some creative accounting tricks, the Treasury Department can put off action for perhaps two months, but Congress must act to keep the government from defaulting just when the “pause” on pending cuts is up. Then in late March, a temporary law financing the government expires.Yep, some "creative accounting tricks", in other words: compounding more bullshit. "Accounting tricks", shifting numbers around, deck chairs on the Titanic. Oh yes, they're really "working" to solve this problem and not abandoning the ship in the population's tax funded lifeboats.
Warning! Ice berg ahead!
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Richard Fantin is a self-taught software developer who has mostly throughout his career focused on financial applications and high frequency trading.