"What an epic non-event.
So the "game of chicken" was played to the end and what do we get for all the strife and tumult?
Nothing more than further confirmation that our legislators (and executive branch) in Washington D.C. are a bunch of big government policy sissies.
Like a gaggle of peacocks, the Feds put on quite a show when agitated but once the going got really tough, they cut and run.
$917 billion over a decade back-loaded so as to mostly take effect after 2013 (or even 2016)?
Another trillion (and change) of cuts over that same period left to be decided by some congressional super committee?..."
at http://paper-money.blogspot.com/2011/08/downgrade-downgrade-downgrade.html
So the "game of chicken" was played to the end and what do we get for all the strife and tumult?
Nothing more than further confirmation that our legislators (and executive branch) in Washington D.C. are a bunch of big government policy sissies.
Like a gaggle of peacocks, the Feds put on quite a show when agitated but once the going got really tough, they cut and run.
$917 billion over a decade back-loaded so as to mostly take effect after 2013 (or even 2016)?
Another trillion (and change) of cuts over that same period left to be decided by some congressional super committee?..."
at http://paper-money.blogspot.com/2011/08/downgrade-downgrade-downgrade.html
No comments:
Post a Comment