Apparently, the two government lifers running the US Senate----Mitch McConnell and Chuck Schumer (hereafter "Mitchels & Chuckles")----have reached a deal to bust the already red-ink soaked budget by $400 billion over the next two years and by upwards of $3.5 trillion over a decade. Consequently, bond yields have continued their upward march.

While the above yield surge is surely not surprising, here's the galling part. Mitchels & Chuckles christened their baleful deal: "The Government Shutdown Prevention Act".

That's right. The taxpayers and future generations be damned. Apparently, it doesn't matter how many small businesses, farmers and entrepreneurs get elbowed out of the capital markets by Uncle Sam's $1 trillion per year borrowing spree: Mitchels & Chuckles intend to keep the Washington Monument open and the Imperial City's 3.7 million employees paid in full come hell or high water.