I doubt that satisfies anybody especially the rating agencies.
156 billion saved in interest because of the overall decrease
in spending. Looks like the bears win this round.
$1T over 10 years, but not cuts from today's levels -- from
projected increases. Another $1.5T supposed to be identified later,
as if the Simpson panel hadn't identified huge cuts that were
pronouced DOA. The whole thing is a joke.
2.1 Trillion in Cuts
Posted by johnc on 1st of Aug 2011 at 01:11 pm
I doubt that satisfies anybody especially the rating agencies. 156 billion saved in interest because of the overall decrease in spending. Looks like the bears win this round.
I think it's worse than that:
Posted by lessarda on 1st of Aug 2011 at 01:15 pm
$1T over 10 years, but not cuts from today's levels -- from projected increases. Another $1.5T supposed to be identified later, as if the Simpson panel hadn't identified huge cuts that were pronouced DOA. The whole thing is a joke.
if only it were a
Posted by dylan398 on 1st of Aug 2011 at 01:22 pm
if only it were a joke....
Yep...nothing funny about it at all.
Posted by lessarda on 1st of Aug 2011 at 01:23 pm