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Thursday, January 13, 2011

71% of Americans Want a Crippling Financial Crisis

http://www.reuters.com/article/idUSTRE70B38620110112

So, 71% of Americans don't want to raise the debt ceiling, but they also don't want meaningful spending cuts or tax increases. In that case, the only inevitable result is default. Luckily, Congress will likely ignore the will of the people, as it should, and do the right thing here. This was an issue that many demagogued on during the recent elections, but really is not a legitimate issue unless you have a meaningful way of reducing the budget deficit.

Oh well.

1 comment:

  1. I am positively perplexed at the degree of long-term failure in the United States education system. Did anyone pay attention in math class?

    ReplyDelete