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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Arran Yuan who wrote (73499)4/24/2011 5:38:11 AM
From: elmatador  Respond to of 218922
 
The poisonous atmosphere surrounding the role of the state and taxation allows no realistic budget bargaining.
...
On 16 May, the US will exceed the legal $14.3 trillion limit for its national debt. There has to be a vote to allow it to rise. What worries S&P is that the two parties are still far apart, with the Republicans taking positions that seem to allow no room for reason or compromise.

guardian.co.uk



To: Arran Yuan who wrote (73499)4/24/2011 5:40:10 AM
From: elmatador  Respond to of 218922
 
Even the smart people at MIT, where so much US innovative technology originates, buy the cultural assertion that their success is all about individual entrepreneurship and brilliance; the cumulative trillions of US government grants are a side-show. Too few see growing federal debt as the necessary flipside of the banking crisis. The state is cast as the public enemy, not its friend.

guardian.co.uk

This is the proof of people believing in their superiority and forgetting everything else.

And this is the super smart! Imagine all the rednecks and hillbillies after the Appalaches.