6:19 am, April 18, 2014

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  • Not much
    Mc
    Not much difference between the two sides: 500 billion. That's not enough to stop a credit rating downgrade of U.S. debt. That would have required another trillion on top of that 500 billion the Repubs have in their budget. So either way, this deal will result in higher interest rates due to the downgrade, or - more likely - more money printing at the Federal Reserve. End result is a currency default. The events in Cyprus will make this happen sooner than later.
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  • Another...
    Mc
    ...another trillion in cuts, that is. Or maybe we could just print up another 500 trillion and the magic money tree will save us, right? (no)
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