Winners and losers, but mainly losers! Cutting spending $2.4 trillion over ten years doesn’t really do much when the debt is on target to increase about $15 trillion. Fiscal responsibility is a loser.The nation is but a rate increase away from economic disaster. The nation is a loser. Spending cuts when the private sector is not spending will further shrink the economy and increase unemployment. The poor and the middle class are losers.Re-election will be difficult with unemployment likely to be over 10%, as planned by the Republicans. Obama could be a loser.On the bright side, Payton Manning signed a five year $90 million contract with the Colts because he can throw a tight spiral and manage a huddle. The masses may be broke, but they will have their bread and circuses. Much as the Romans did before the demise of the empire. The rich are winners.
Winners and losers, but mainly losers! Cutting spending $2.4 trillion over ten years doesn’t really do much when the debt is on target to increase about $15 trillion. Fiscal responsibility is a loser.The nation is but a rate increase away from economic disaster. The nation is a loser. Spending cuts when the private sector is not spending will further shrink the economy and increase unemployment. The poor and the middle class are losers.Re-election will be difficult with unemployment likely to be over 10%, as planned by the Republicans. Obama could be a loser.On the bright side, Payton Manning signed a five year $90 million contract with the Colts because he can throw a tight spiral and manage a huddle. The masses may be broke, but they will have their bread and circuses. Much as the Romans did before the demise of the empire. The rich are winners.