Once upon a time there was an idea to create jobs. Then the democrats proposed to spend a massive amount of money on stuff that wouldn't accomplish the objective of sustainable job growth.

So we told em you're going to waste an obscene amount of money here and it probably won't work and then you won't get another bite at the apple. Guess what? They went and ahead pissed most the money away including crap like studying the penises of africans.

Meanwhile we continued to spend money out of control in an attempt to prop up failing banks and a failing president who was going off the deep end with a healthcare bill that the majority of americans didn't want and then begin to immediately get screwed over with rate hikes of 40% or more. Anti-business rhetoric became commonplace and unions sought to extract their pound of flesh from struggling enterprises.

Now businesses became uncertain about where this was all heading and became reluctant to rehire employees. They knew the stimulus dollars were short term and winding down with no real lasting impact and there was talk of tax increases as the Bush era tax rates came off the books. They cut a deal so continue them so as not to disrupt a fragile recovery and mollify the middle class with a cut in SSI.

Banks continue to rebuild their balance sheets by building up reserves through virtually costless money from the Federal Reserve, but they don't really start lending. Corporations are in a similar exercise building cash on their balance sheets.

Enter 2011 and QE2 is working its way through the system providing a nice boost to the stock market. The recession has been declared over yet many aren't participating in a recovery. Gold starts to rise and we began approaching the debt ceiling. Oil futures point to rising energy costs creating a significant drag on the economy. Bernanke announces the end of QE2 as of June 30, Greece teeters on default and more uncertainty roils decision makers.

Meanwhile the bond markets are watching the developments in the budget negotiations. Some folks are staking out serious short positions or lightening their loads. The Fed takes on more and more of the US treasury issuance. The politicians engage in a phony budget deal that claims to reduce spending 10 times more than it really does. They were just warming up for the big show.

Greater attention is placed on the nations debt than ever before. Wall Street doesn't think any politician has the nads to not lift the ceiling. Everyone just witnessed the charade they pulled on the budget so why would they think any different of the next round.

Reality starts to sink in however and the enormity of the debt spending problems beg the question, if not now, then when. Previously spineless pols do the unthinkable and actually plot to keep their word. Countdown to Obamageddon proceeds.

They screwed the pooch and now the piggy bank is empty.

What are you going to do.  Pretend things can go on just like before, demand more government benefits or get serious about how to fix the problems.

 I'm putting my ideas forward but somewhere someone is trying to make a backroom deal that is not in my best interests or the American public.