SI
SI
discoversearch

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 : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (210688)12/6/2012 12:02:51 PM
From: Steve Lokness  Read Replies (1) | Respond to of 543304
 
<<<<"Deficit drops" should be the take-away from that. >>>>>

Ohhhh. You mean the drop from 1.3Trillion to 1.1Trillion. Well since the stimulus spending is winding down and unemployment dropping some and the economy improving some - I would hope so.

But to return to the silly notion that we pay down our debt in good times remains a complete joke in my mind. So we are at the end of four years under Obama and the debt is still 1.1Trillion and now we face the prospect of falling off the fiscal cliff and having unemployment rising and tax returns shrinking again. Well that's what Simpson Bowles have been hitting the air waves with.

What needs to happen is some straight talk from our leaders; Obama and Boehner. They need to stop pretending everything is fine and all we have to do is to get the other side to do their fair share and everything will be great. That is pure bullshit! Both sides have to come to grips with the fact that it is going to one long painful trip to return to fiscal sanity. The key word here being....."painful".