More Pissing in the Ocean, Final Chapter
Well, after juggling around so many figures that I couldn't keep track of them all- the morons in Washington finally settled on 39 billion in cuts. For this year's budget. The same year (2011) that has a predicted 1.65 trillion shortfall in revenue.
Now if the tax/revenue shortfall gets adjusted to 1.70 trillion, guess what? The new figure will eclipse all of the gains made by this alleged "wrangling" between parties. The 38 billion is so irrelevant in the big scheme of things that it is truly just a piss in the ocean. If Bernanke raises interest rates by a nominal .25%, we will spend more money refinancing treasuries in one year than we saved in all of that political theater this week.
Remember the Republican's original 100 billion dollar cuts? Yea. Couldn't even manage 1/2 of that. No shortage of cowards in DC.
http://www.zerohedge.com/article/government-shutdown-battle-over-now-real-soap-opera-ratings-war-begins
Thank gawd it's finally over. http://www.nydailynews.com/news/politics/2011/04/09/2011-04-09_tea_party_members_michele_bachmann_rand_paul_blast_budget_deal_as_john_boehner_c.html
Now if the tax/revenue shortfall gets adjusted to 1.70 trillion, guess what? The new figure will eclipse all of the gains made by this alleged "wrangling" between parties. The 38 billion is so irrelevant in the big scheme of things that it is truly just a piss in the ocean. If Bernanke raises interest rates by a nominal .25%, we will spend more money refinancing treasuries in one year than we saved in all of that political theater this week.
Remember the Republican's original 100 billion dollar cuts? Yea. Couldn't even manage 1/2 of that. No shortage of cowards in DC.
http://www.zerohedge.com/article/government-shutdown-battle-over-now-real-soap-opera-ratings-war-begins
Thank gawd it's finally over. http://www.nydailynews.com/news/politics/2011/04/09/2011-04-09_tea_party_members_michele_bachmann_rand_paul_blast_budget_deal_as_john_boehner_c.html
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