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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%4:00 PM EST

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To: TobagoJack who wrote (77193)8/2/2011 11:34:03 PM
From: Hawkmoon7 Recommendations  Read Replies (6) of 217745
 
I admire the TP for sticking to their principals.. They wanted far more cuts to the bloated government, that would then free up capital to the private markets. And the manner in which they stuck to their guns sets the stage for future progress in reducing government spending and using what is spent in a more efficient manner that actually promotes economic growth.

We passed the "debt deal" and now the Rating Agencies, the same ones who helped create the mortgage mess, are now threatening to downgrade us. Revenge, or just a new-found sense of "integrity"?

It's all just a big game, but the TP representatives apparently were saying something that would have taken the wind out of the sails of the RAs; reduce the debt and rein in government spending.

Hawk
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