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Their all using this phrase. Their all playing politics. Their all blaming each other.

It’s all about the D- Word.

Not Default I’m talking Downgrade. We will not default, mark my words. But we very well could be Downgraded. The plan was and is there but the democrats won’t even hear it in the Senate. Thank you Harry in your pocket Reid. It’s Cut, Cap & Balance. Again Obama and the democrats put 2012 ahead of Country. I ask you democrats, What do you have against a Balanced Budget Amendment? All this kick the can down the road talk reminds me of the old Andy Griffith Show. There was an episode were Opey-

(not Cunningham) was board walking down the street. He found a empty can

(our Countries funds). He started just kicking it down the road to who knows where. Before he knew it, he had forgotten all about the can he was kicking. He ended up trading it off for an apple. He ended up in the back of an truck hauling apples sick from eating to many apples. There is a moral to this story if you give it some thought.

 

Skippy

Skippy

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There will be no default.  Interest payments are only $30 billion a month so as long as the fedov is functional and able to collect and manage payroll taxes, gas taxes, etc. there will be no default.  The downgrade of the credit is almost assured now, as we have shown the world once again that our partisan government is dysfunctional.  

Other fedgov expenditures will have to be cut by 50% to deal with the loss of the ability to borrow.  Huntsville/Madison County/Limestone County will be particularly hard hit as 50% of the workforce is employed by the government or on a government contract. 

Skippy,

I will start with this.  Since I am web surfing and unless something better comes on television (the wife is at work) I will post more if you can't understand.

There is a great search engine called "google" where you can type in questions and get a variety of facts and opinions.

I know you aren't used to investigating both sides of a policy since you have been programmed to not trust anything other than Fixed News, but I highly recommend you use it.

You may become able to make informed decisions!

This is rather old but it does give an overview of a balanced budget amendment and pay particular attention to the caveat: hard economic times. sound familiar?

 

Pros and cons of a balanced budget amendment:

 

http://www.princeton.edu/~mbattagl/bbr.pdf

Last edited by rocky

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