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**standaman** · 08-01-2011, 04:35 AM

For those who are interested, here's a detailed summary of the agreement issued by the White House.

And here's the only part that makes any sense at all:

But the whole thing is insane. Spending cuts while we have over 9 percent unemployment equals a triumph of zealotry over rational analysis. This just about guarantees unemployment over 8 percent through next year at least. A limp economy also means our fiscal situation stays the same or gets worse. This deal probably actually hurts our fiscal position.

Yep, just keep borrowing and spending, the Dem's moto. Borrow and spend, oh forgot, and raise taxes, but never cut spending.

08-01-2011, 04:35 AM	#37
standaman Join Date Oct 2005 Posts 870 Senior Member	For those who are interested, here's a detailed summary of the agreement issued by the White House. And here's the only part that makes any sense at all: But the whole thing is insane. Spending cuts while we have over 9 percent unemployment equals a triumph of zealotry over rational analysis. This just about guarantees unemployment over 8 percent through next year at least. A limp economy also means our fiscal situation stays the same or gets worse. This deal probably actually hurts our fiscal position. Yep, just keep borrowing and spending, the Dem's moto. Borrow and spend, oh forgot, and raise taxes, but never cut spending.
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