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So, it's finally happened.
What's going to happen? What's going to get cut? Is Geithner engaging in fear-mongering? (IMO he should resign, but unfortunately he has no morals nor shame.) Does this mean BU professor Laurence Kotlikoff is right and that the US is essentially worse off than Greece?
What's going to happen? I have 100% certainty that the debt ceiling will be raised once again. Whether significant cuts will happen is another story
What should be cut - the wars, military spending, the War on Drugs, corporate welfare, farm subsidies, etc. - is assuredly NOT what will be cut. Unfortunately.
The debt ceiling being reached certainly makes for net political points for Ron Paul or Gary Johnson, and makes the administration and establishment Dems and Repubs look bad.
What should be cut - the wars, military spending, the War on Drugs, corporate welfare, farm subsidies, etc. - is assuredly NOT what will be cut. Unfortunately.
The debt ceiling being reached certainly makes for net political points for Ron Paul or Gary Johnson, and makes the administration and establishment Dems and Repubs look bad.
I agree with you that all that needs to be cut. The farm subsidies are also a huge waste. most of those subsidies actually go to corporate farms, not family farms. There are also wealthy people that own some land and use it to grow crops or raise farm animals, thereby claiming a farm subsidy
So, it's finally happened.
What's going to happen? What's going to get cut? Is Geithner engaging in fear-mongering? (IMO he should resign, but unfortunately he has no morals nor shame.) Does this mean BU professor Laurence Kotlikoff is right and that the US is essentially worse off than Greece?
Not according to cnn.com. Not one word about it this morning.
They're still punching the clown about Trump over there.
I agree with you that all that needs to be cut. The farm subsidies are also a huge waste. most of those subsidies actually go to corporate farms, not family farms. There are also wealthy people that own some land and use it to grow crops or raise farm animals, thereby claiming a farm subsidy
Two of the biggest Left wing noise boxes, Jon Bon Jovi and Bruce Springsteen both game the system in NJ. They pay 100 dollars a year for over a hundred acres. They are considered a farm by pulling stupid tricks to get the subsidy. Like growing organic herbs, etc. They have a TON of cash, are always talking out their asses about how the rich are getting over on the middle class and here those 2 rich bozos are doing the exact opposite!
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