Financial meltdown

Yesterday I read a commentary on the economy by a professional mistress, and it was actually one of the more insightful and useful views of the financial situations. Today I'm back on Fark and discover a post by a Farker named Geekette that really summarizes what's going on in Congress now:

Our nation is retarded. We continue to buy into these false 'tax breaks' that are actually deferrals while we borrow from other countries what we need to run our government as if we never have to pay it back, then we proceed to spend even more money like a college kid with their first credit card.

You want to fix it? Let's pony up and pay our damn taxes NOW, pay off our debt, and reduce spending on pork. Pork, by the way, is not infrastructure, or health programs or education programs, or other truly necessary programs, but cronyism-induced cash-orgies for industries with the most lobbyist money.

Can we send congress to a few credit-counseling seminars and have them cut up their magic credit cards?

The rest of the discussion is here, on a story that a Fark headline writer neatly summarized: "Senate to amend bailout bill to include a massive tax cut. So we're going to fix the financial problems by increasing our spending and decreasing our revenue. Economics professors slap foreheads, wipe hands on pants"