Winners and losers, but mainly losers! Cutting spending $2.4 trillion over ten years doesn’t really do much when the debt is on target to increase about $15 trillion. Fiscal responsibility is a loser.The nation is but a rate increase away from economic disaster. The nation is a loser. Spending cuts when the private sector is not spending will further shrink the economy and increase unemployment. The poor and the middle class are losers.Re-election will be difficult with unemployment likely to be over 10%, as planned by the Republicans. Obama could be a loser.On the bright side, Payton Manning signed a five year $90 million contract with the Colts because he can throw a tight spiral and manage a huddle. The masses may be broke, but they will have their bread and circuses. Much as the Romans did before the demise of the empire. The rich are winners.
Our money system is set to devalue the dollar by at least 3% each year. It’s been running closer to 10%. So keeping any budget the same as last year is a 3-10% cut in what your dollars can buy.
@vhammonI shudder at the thought of what happens to the American and world economies if interest rates rise to more normal long term rates, or even double, triple, or quadruple as is quite possible, even probable. Could be then we’ll be seeing American debt repudiation. For that matter we might be seeing the early stages now.
Carolo1 over 12 years ago
No taxes for the rich.
Carolo1 over 12 years ago
Jobs are being cut. So be it.
Dtroutma over 12 years ago
The ’toon sums up that 74 pages of blathering B.S. perfectly.
fargopete over 12 years ago
did we expect anythong else?
Gypsy8 over 12 years ago
Winners and losers, but mainly losers! Cutting spending $2.4 trillion over ten years doesn’t really do much when the debt is on target to increase about $15 trillion. Fiscal responsibility is a loser.The nation is but a rate increase away from economic disaster. The nation is a loser. Spending cuts when the private sector is not spending will further shrink the economy and increase unemployment. The poor and the middle class are losers.Re-election will be difficult with unemployment likely to be over 10%, as planned by the Republicans. Obama could be a loser.On the bright side, Payton Manning signed a five year $90 million contract with the Colts because he can throw a tight spiral and manage a huddle. The masses may be broke, but they will have their bread and circuses. Much as the Romans did before the demise of the empire. The rich are winners.
halfabug over 12 years ago
I find it so comical that the left blames the right when it is just as much their fault. But heck ya gotta blame somebody.
d_legendary1 over 12 years ago
I don’t think so. If anything this might polarize the people to go further right (teabaggers). The left will either vote independent or stay home.
vhammon over 12 years ago
Our money system is set to devalue the dollar by at least 3% each year. It’s been running closer to 10%. So keeping any budget the same as last year is a 3-10% cut in what your dollars can buy.
vhammon over 12 years ago
I sure miss the ability to edit my comments…..sp….‘reputation,’ AND, I wish they’d redesign this so that replies appeared below the comment…
Kylop over 12 years ago
Eryx, I think what Grayhares01 is saying is that Romney is the lesser of the various evils.
Gypsy8 over 12 years ago
@vhammonI shudder at the thought of what happens to the American and world economies if interest rates rise to more normal long term rates, or even double, triple, or quadruple as is quite possible, even probable. Could be then we’ll be seeing American debt repudiation. For that matter we might be seeing the early stages now.