splintersawry
Just another indicater that the housing market continues it's slide with no real end in sight and We the People are on the hook for it.
Assuming the debt ceiling gets raised on a clean bill, or with cuts of less than $4 Trillion, as the rating agencies are demanding to avoid a downgrade, we're looking at the next hostage situation.
Poll 44 votes Show Results Would you rather cut entitlements or end all bush tax cuts? Cut Entitlements. I want to keep my tax cut. End all Bush tax cuts. Win The Future! 44 votes Vote Now! Would you rather cut entitlements or end all bush tax cuts? Cut Entitlements. I want to keep my tax cut. 6 votes End all Bush tax cuts. Win The Future! 38 votes
There is no reason to be discussing deficit reduction as part of the debt ceiling bill. We'll be downgraded regardless of whether or not we default.
You see, Moody's has determined that unless we cut our deficit by a minimum of $4 Trillion as part of the debt ceiling bill, the US will lose it's AAA rating.
$4 Trillion in cuts or downgrade says Moody's
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