Even with Deal, Debt Still on Track to Grow by 7 Trillion Over Next 10 Years

Discussion in 'Politics' started by ScreamingEagle, Aug 1, 2011.

  1. ScreamingEagle
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    ScreamingEagle Gold Member

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    This is why it is all smoke and mirrors...
     
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    Last edited: Aug 1, 2011
  2. Zoom-boing
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    Zoom-boing Gold Member

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    And according to S&P and Moodys we need to cut the deficit now by 4T -- and that's just a down payment. Not doing so could still have us downgraded . . .at least that's how I read it.

    This plan only reduces the deficit by about 2.5T. How are they touting this as a solution? :confused:


    S&P



    Read more: Raw Data: Democratic Fact Sheet on Reducing the Deficit, Raising the Debt Limit and Avoiding Default - FoxNews.com
     
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  3. JWBooth
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    JWBooth Gold Member

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    Yep, some deal.
    Grab the Vaseline, the politicians have a "deal".
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Boehner & the repubs are getting rolled again....They've learned nothing since '95.
     
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  5. ScreamingEagle
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    ScreamingEagle Gold Member

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    This is good for America...?

    In ten years our national Debt is on track to grow from 14 Trillion to 21 Trillion

    It's time to kick the phony liberal sobster mobsters out of Washington....and elect a whole bunch of Tea Party types...
     
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    Last edited: Aug 1, 2011
  6. Full-Auto
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    7 trillion is severely underestimated.
     
  7. Quantum Windbag
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    Quantum Windbag Gold Member

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    It does not reduce the deficit, it increases it. What it reduces is the projected growth of the increase.
     
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  8. ClosedCaption
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    ClosedCaption Diamond Member

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    Im wondering how so many repubs can be for this deal that just passed without having read it themselves? I guess just whispering sweet narratives in their ear is enough.
     
  9. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    Meanwhile you’ve got investors scratching their heads wondering what Congress is doing; why are lawmakers trying to balance the budget and cut spending on the back of a fragile economic recovery, risking stalling that recovery with no prospect of job growth.

    No wonder the roller coaster ride today.

     
  10. WillowTree
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    WillowTree Diamond Member

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    Yep, you got it. The retardeddimocrats are holding future generations hostage.
     

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