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Reply to "Markets to Tea Party: You Suck!"
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[quote=Anonymous][quote=jsteele][quote=Anonymous] [b]any cuts to medicare and medicaid will be well after the end of the recession[/b]. and you know that cuts of $25B will not make a material difference to the economy in the context of federal spending of $3.8T. Come on. If anything, the stock market tanked because the cuts were not nearly enough to satisfy the rating agencies. [/quote] That's an interesting statement. Can you tell me when the recession will end? While you are at it, can I have the winning PowerBall number? Not only does this agreement take money out of the economy, but it sets of a constant chain of repeated battles along the same lines. Our economy is going to be completely disrupted. I wouldn't put money on an end date for the recession. Just look at what's going on with the FAA to see the future of our country. The government is loosing millions of dollars a day in taxes, who knows how many people have been put out of work, and Congress is going on vacation. We may look at recessions as the "good times" before long. [/quote] thank God it sets a stage of repeated battles - hopefully we can eventually get spending under control. clearly this bill does not do that. of course the "recession" is over, but I assume you mean this continued generally crappy economy with little to no growth.[/quote]
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