We are screwed six ways from Sunday
No big. Just ask Michele Bachmann
Other (please explain)
I have been optimistic about a deal being struck. Boehner bowing out of the talks for a larger deal have me significantly less optimistic.
At some point, the US will default on its loans which will throw this country and many others into a Great Depression which will also include hyper inflation. Will this happen on August 2? I sure as hell hope not. My family and I are still desperately trying to prepare but we need another two years at least-or we're screwed.
“In politics, stupidity is not a handicap.” -Napoleon
All of it sounds like speculation to me. Spending less seems to imply just as much danger as spending more depending on who you ask and each person can tell you the method for restoration. I might as well flip a coin.
We are, but not just by the debt ceiling, but by the political cluster-f*** that goes on in Washington DC every single day. The debt ceiling is just a symptom of the problem.
Question. Could they just raise the ceiling under the condition that a balanced budget be passed in the next 90 days, or something along those lines?
agreed with Cephus: it doesn't matter what Democrats promise to do as far as budget cuts - they have famously promised to cut spending by large amounts several times in the past. all that matters is what is put on paper. promises are worthless. Balancing the Budget would require about a 40% cut to federal spending. There is no way that would happen in 90 days.
Last edited by cpwill; 07-10-11 at 04:29 PM.
“If we must have an enemy at the head of Government, let it be one whom we can oppose, and for whom we are not responsible, who will not involve our party in the disgrace of his foolish and bad measures.”
- Alexander Hamilton. Spiritual father of #NeverTrump