Are you for or against swelling the deficit?

[loosecannon]

Though stock investors initially cheered the tax deal in the U.S. as it boosted near-term U.S. economic growth projections, they are keeping a close watch on developments in the bond markets. U.S. Treasuries have moved sharply lower following Obama's compromise deal on the tax cuts — the yield on ten-year Treasuries is now standing at 3.22 percent, its highest level since late June.

The worry in the markets, echoed by credit ratings agency Moody's Investor Services, is that the tax cuts extension could add around $4 trillion to the U.S. deficit over the coming ten years compared to the scenario on which the Obama administration had based its projections.

Bond investors are worried there is no credible plan to get a grip on the U.S.'s own problems, especially as the pillars of the U.S. government are split.

"What Treasuries investors would like to see is a sign that someone in the Administration or the Congress takes the federal budget problem seriously," said Stephen Lewis, an economist at Monument Securities.

http://www.google.com/hostednews/ap...HzGoUg?docId=7721d152f57f4475a1da3478e41b6b62

Look for the US Treasury's credit rating to be downgraded because of this tax cut and unemployment coverage extension.

 

[The Rabbi]

Actually it will be downgraded because of the spend-fest the Democrats have engaged in for the last two years. This is just the final blow.

 

[Spoonman]

we have to cut it way back

 

[cutter]

This is the plan. The libs will print and create as much money as possible, spend it on things that we have nothing to show for it, and do everything they can to ruin the economy because they know they will not be reelected. When we elect a Conservative President to put our house in order he will be blamed for the hard times we are going through. What they really want is civil war but if they can't get that they will settle for shifting all the blame of the other party. This whole administration is full of TRAITORS.

 

[loosecannon]

Actually it will be downgraded because of the spend-fest the Democrats have engaged in for the last two years. This is just the final blow.

that too

 

[NYcarbineer]

The Obama stimulus in 2009 cost 800 billion, 40% of which was calculated as lost revenues for taxes, and conservatives hated it.

The Obama tax plan on the table, which is essentially the GOP's tax plan, will cost 900 billion,

and conservatives are the strongest supporters of it.

Go figure.

 

[The Rabbi]

The Obama stimulus in 2009 cost 800 billion, 40% of which was calculated as lost revenues for taxes, and conservatives hated it.

Proof on those figures?

 

[shintao]

I would like no deficit, and a balanced budget.

 

[The Rabbi]

I would like no deficit, and a balanced budget.

Why?