The Sorcerer’s Apprentices

Iran’s supreme leader, Ayatollah Ali Khamenei, has decided to clamp down on Ahmadinejad’s inner circle. At least 25 people have been arrested for sorcery, including Abbas Ghaffari, described by the Iranian news website as being “a man with special skills in metaphysics and connections with the unknown worlds.”  Thankfully, the Guardian is on this story.

In a related story, debt reduction talks began at the Blair House yesterday. Now that the Republican House has engaged in some form of necromancy to summon the spirits of long-dead Republicans who once believed in fiscal responsibility, they have seemingly committed themselves to deficit and debt reduction. It may require supernatural skills to produce a meaningful result. According to a piece in today’s Politico:

But a long-term fiscal solution marrying tax hikes with serious entitlement reform seems to be out of the question. Republicans are resigned to the fact that the administration won’t agree to slash Medicare and Medicaid spending in the way envisioned in the budget written by Ryan, and nearly all of the House GOP’s members have signed a pledge that they’ll never vote for a net tax increase.

In the end, it will require the arts of an alchemist to transform an agreement that excludes tax increases and entitlement reform into trillions of dollars of deficit reductions before the bond markets turn what was once gold—the US economy—into lead.

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