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Message: Re: Super Committee Fails!
3
Nov 21, 2011 07:10PM
10
Nov 22, 2011 07:45AM

I am under the impression that the 1.2trillion$ cut had to go in now to forestall a rating reduction for the US.
Rating reduction means higher rates of payments on outstanding debt, which in turn escalates deficits.

"Over the next ten years$33.8 trillion (based on todays numbers)"
Sorry, you can not assume a linear progression over time. That has not been happening over the last few years so it won't be so for the near future.

The politicians are protecting their funding base at all costs, the hell with the nation.
Democtats want the wealthy to pay higher (fairer?) taxes, while the Republicans want the middle to pay and the have nots to work for less.
As long as the stalemate continues the country is going to hell in a cart.

As simple view from an outsider (Canadian).

8
Nov 22, 2011 03:19PM
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