Big sigh of relief. America will not default. Our full faith and credit is intact.But that's about the only good thing that can be said about the deal hammered out last weekend to raise the debt ceiling. Anyone who characterizes it as a victory for the American people over partisanship doesn't understand economics. Nor the meaning of shared sacrifice.The deal reduces the federal budget by $2.2 trillion or $2.5 trillion over the coming decade. Yet it doesn't raise taxes on America's wealthy and most fortunate - who are now taking home a larger share of the nation's...
Source: http://www.realclearpolitics.com/2011/08/07/debt_deal_doles_out_economic_pain_unfairly_261011.html
Erika Christensen Estella Warren Esther Cañadas Eva Green Eva Longoria
No comments:
Post a Comment