| "Senators seeking $55 billion debt repayment to delay automatic cuts" |
A down payment???
These "down payments," payments, repayments, whatever you want to call them have not worked in Europe. They have caused economic growth to collapse, unemployment to skyrocket and deficits to INCREASE.
This is like a tax increase!
6 comments:
If they raise taxes or cut spending to accelerate debt repayment , then the are driving faster over the "fiscal cliff". What are they thinking of?
Meanwhile, the truth is breaking out all over with regards to deficits, the debt, etc. From the MMT community to the St. Louis Fed to other outlets, there is now plenty of material there to show these views for what they are--completely baseless and ridiculous. Yet they dig in deeper.
This from Mike's link:
"Durbin floated a similar idea last week during the Democratic convention in Charlotte, N.C. Speaking at a breakfast sponsored by Bloomberg LP and the Peter G. Peterson Foundation, Durbin said Congress could “buy” a six-month delay of the fiscal cliff with a down payment."
Peterson!
It continues to look like the Democrat Party is now the Peterson Occupied Political Territory...
(I believe the GOP Convention or at least Romney told Peterson to go F himself...)
Peterson used to be GOP, but it looks like that tie was broken when Peterson hired David Walker to lead his moron organization after Walker sued then sitting Vice President Cheney for information on Cheney's Whitehouse energy policy working group which led to a BIG brouhaha wrt executive privilege, etc..
So it looks like the Peterson moron group has completely transitioned over and infiltrated the Democrat Party now like the Hanta virus....
Hey Dems: Time to inoculate your party from the Peterson virus!
This guy has no business providing advice to "Progressives"... and "Progressives" have no business taking advice from him.... this needs to be exposed...
rsp,
Matt, the establishment of both parties are sold out and in fact, just two sides of the same coin. Their primary job is to ensure that only establishment candidates get on the ballot. The non-astroturf Tea Party and Progressives know this, but they haven't been able to overcome the money advantage so far.
Tom,
The Orioles are tied for first with the Yankees as we speak so it CAN be done... ;)
If they raise taxes or cut spending to accelerate debt repayment , then they are driving faster over the "fiscal cliff". What are they thinking of?
Maybe they think that if they drive really fast, they will get to the other side, like innumerable movies showing cars going over opening (or sometimes closing) drawbridges, Evel Knievel crossing the Grand Canyon, etc. :-)
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