Quote:
Originally Posted by dynalow
Promising to raise taxes is an immediate RX for disaster. Ask Fritz.
Saying "Read my lips ...no new taxes" is a delayed fuse disaster. Ask Bush41.
But after kicking the can down the road for 50 years, we have reached the end of the line.. the cliff. What now, pray tell?
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We haven't reached the end of the line yet by any means. Only S&P downgraded our credit rating by one notch. We reach the end of the line when nobody in their right mind will extend us a penny at whatever the interest rate promised. At that point, the market will force us to do certain things and make certain choices. Till then, the party still goes on as long as we can shuffle it from the left to the right pocket.