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solomon · 2011-07-31, 11:21

Well it looks like SOMETHING will get done.

http://thecaucus.blogs.nytimes.com/2...s-for-cuts/?hp

3 Trillion, largely in cuts. Debt limit will be extended into 2013.

You know interestingly, it just dawned on me that all this bruhaha was to able to keep the govenment actually able to borrow money.

Rather mundane in the face of actually having to decide on what to cut, this will be interesting because the Republicans (wisely) have avoided details aside from the ol Medicare/Social Security deal.

NOW is where we get into real debate.

Obama faces tough road ahead in public eye due to weak economy;

http://www.nytimes.com/2011/07/31/us...s.html?_r=1&hp

Frankly, I think the economy was gonna suck no matter who was in office but whatever. I don't think the President can magically come up with an industry to get people off the uenmployment docket. There are a lot of older workers who are being squeezed out and downsized in a sort of protracted deindustrialization. And no matter who, I don't know what the head of gov can do to stop buisnesses from hording cash.

I just don't see how we can make the huge gains to make a dent in the unemployment to suffice much of anyone really. I've read a lot of commentary saying the high times of the 90s-00s are over and we are unlikely to see such rapid growth anytime soon.

2011-07-31, 11:21	Link #15293
solomon Senior Member Join Date: Sep 2006 Location: Suburban DC	Well it looks like SOMETHING will get done. http://thecaucus.blogs.nytimes.com/2...s-for-cuts/?hp 3 Trillion, largely in cuts. Debt limit will be extended into 2013. You know interestingly, it just dawned on me that all this bruhaha was to able to keep the govenment actually able to borrow money. Rather mundane in the face of actually having to decide on what to cut, this will be interesting because the Republicans (wisely) have avoided details aside from the ol Medicare/Social Security deal. NOW is where we get into real debate. Obama faces tough road ahead in public eye due to weak economy; http://www.nytimes.com/2011/07/31/us...s.html?_r=1&hp Frankly, I think the economy was gonna suck no matter who was in office but whatever. I don't think the President can magically come up with an industry to get people off the uenmployment docket. There are a lot of older workers who are being squeezed out and downsized in a sort of protracted deindustrialization. And no matter who, I don't know what the head of gov can do to stop buisnesses from hording cash. I just don't see how we can make the huge gains to make a dent in the unemployment to suffice much of anyone really. I've read a lot of commentary saying the high times of the 90s-00s are over and we are unlikely to see such rapid growth anytime soon. Last edited by solomon; 2011-07-31 at 11:37.