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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (685253)11/17/2012 4:06:54 PM
From: i-node  Read Replies (1) | Respond to of 1577031
 
>>
If the federal government cannot reach a compromise, then starting in January about $600 billion worth of tax increases and spending reductions will kick in. Economists have warned that the sudden shock of austerity, combined with consumers putting more of their dollars toward taxes instead of shopping, could plunge the United States back into a recession.

Yeah, we get it. They're going to increase taxes massively, on top of the massive increases already scheduled, and they are going to make insignificant budget cuts, and you idiots will think all is well.

After which the credit rating agencies are going to say, "YOU'RE FUCKING KIDDING ME."