07-31-2011, 05:34 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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Quote:
[If] the debt ceiling circus is not resolved, it is going to be a massive drag. If it is resolved the way the Tea Party wants it resolved, it will still be a huge drag on growth.
Anyone who suggests that it is possible to cure the budget deficit by only cutting non-defense spending excluding transfer payments like Medicaid and Social Security is someone who quite simply should stay off of Jeff Foxworthy?s show, since they clearly are not smarter than a fifth grader. ...
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zacks.com
They sum it up nicely ...
Sorry ass state of affairs ...
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