Silicon Investor (SI) -- The First Internet Community

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 : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (437864)	7/29/2011 3:22:39 PM
From: rich evans	3 Recommendations Respond to of 793927

This whole debt ceiling fiasco has been good in a Hindu way of thnking. It is like a can opener which has opened the can of worms for everyone to see, talk about etc. Frankly, arithmetic controls, not politics. With our laws in place which Obama had nothing to do with other then the Stimulus Spending last year and the future Obama Care spending, the Budget can not be balanced and will continue to grow assuming no changes in Social Security, Medicare, Medicaid, Unemployment insurance, Food Stamps etc. The Simpson Plan assumed a GDP growth rate which is not happening or going to happen. Therefore debt to GDP will continue to Grow depite cuts from 5.5% deficits to 4% deficits. But the problems and issue is now out there for all to see and that is because of the can opener called the budget ceiling. Rich