Paul could be describing the CBO

And we’ll have endless obfuscation, both-sides-have-a-point reporting that misses the key point, which is that the putative savings come entirely from benefit cuts somewhere in the distant future that would, in all likelihood, never actually materialize.Paul's Blog

He is describing the three way budget battle, the Tea Party, Republicans and Democrats.  I prefer a default and restructuring, restoring the Senate to a fair representation.  Absent the latter adjustment, we just get more socialism, alternating between socialism for the rich then socialism for the poor.