Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: THE WATSONYOUTH who wrote (621141)	7/24/2011 4:00:38 PM
From: i-node	of 1577572

Is it really $4T in cuts? That was my understanding from the Sunday shows. That they had an agreement in principle for 4T/800B. Then Obama wanted to raise it to 1.2T taxes. Is that the deal Obama agreed to and then reneged on by demanding $400B more revenue (taxes)? Supposedly. There is so little reliable information on any of this stuff one wonders what the facts are. Is it true that a 2% rise (soon) in interest rates would wipe out near all the savings over 10 years even before the deal is struck. My personal view is that the consequences of not making a deal immediately are totally overstated. Any rational debt rating agency is going to view 4T in cuts without new taxes -- even after the deadline -- better than they would 3T in cuts BEFORE the deadline. While the administration is trying to take it to the brink to save political face, they are also trying to apply pressure to Boehner in the form of hyperbole about the dire consequences. And it just makes it worse. I've really never seen this level of incompetence in an administration. It is new territory for our country, I think.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next