Thank God Our Systems Protect Us From Idiots

[Buzz]

Can both sides and the middle agree that the upshot of this entire "deal" is that both sides got their goodies, and we added a trillion dollars in unfunded debt to our balance sheet?


.

Unfortunately, I think it's much worse than that. I think what Sam o was saying was that the expectation of the deal passing was impacting bond markets. But obviously some are at the ready to slip in the knife and give it a twist. I was against the government borrowing money to finance my tax cut when Bush did it and I'm against it now. Last week everyone was talking a out our dire future and the austerity required to save us from becoming a banana republic. This week it's Christmas again, compliments more borrowing from China Inc.

[Buzz]

I'm curious. What is worse for the dollar? QE2 or compete and utter fiscal irresonibility?

[Clint Watts]

No politician neither democrat nor republican can take credit for that period. The bottomline is that the economy was so strong and the tax receipts outpaced their spending. What should have been done during that period is have curtailed spending too, and we would be better off for it now. No we wouldn't, we had to go throw away a few trillion in the middle east.

Is there a chance of this ever happening? Spend, spend, spend, thats all politicians are good at (Rep & Dem's).

[caryalsobrook]

I'm curious. What is worse for the dollar? QE2 or compete and utter fiscal irresonibility?

Maybe some people believe QE2 is complete and utter responsibility