The Treasury chief has just made a remarkable statement about raising the cap on federal debt: “It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations.”"
Here, the top official in the ministry of Plenty is speaking the language commonly used by the Ministry of Truth. In plain Newspeak, he is saying that if Congress votes tomorrow to increase its credit card balance from $12.1 trillion to, say, $15.1 trillion, that move should inspire its bankers with confidence and prompt them to raise the Congress's FICO score. One can only wonder how come this financial alchemy doesn't seem to be working for the other credit card addicts who now have their credit lines cut and see their FICO scores plunge to the 600s. Official statements are rapidly becoming more and more counterintuitive and difficult to decipher without the application of doublethink.