With regard to the debt limit debate: this is my biggest fear -- another $4 trillion bill that no one reads.
The president has proposed a grand $4 trillion debt reduction bill. He has promised to reduce the nation's debt by $4 trillion over the next ten years, in exchange for "just a little increased spending" in other areas (undefined, for the most part, but probably include eduction, job training, police and fire, homeland security, and renewable energy).
My concern is that the bill has been already written by the White House, it will be passed in the dead of night, no one will have read it, and the $4 trillion debt reduction is "smoke and mirrors," and the "just a little bit of increased spending" is another huge spending spree that will peak going into the 2012 elections, to help incumbents (in both parties) keep their seats.
