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4 Comments
  1. August 2, 2011 -

    I'll tell you--'bout time they unite over something! hahaaaa...

  2. August 2, 2011 -

    "Game over"?

  3. August 2, 2011 -

    No, just a short reprieve until they start naming the 12 lawmakers (six democrats, six republicans) to sit on the debt commission. Then look for more vitriol. My belief is that debt is a necessary tool if used wisely. Without it, bridges, highways, or even the homes we live in would never be built. But lawmakers have not been wise. Both parties have mortgaged our futures and never stopped to make a principal payment. Voters are partly to blame for rewarding pols for bringing home the bacon, spending indiscriminately without paying for it. But leaders are supposed to lead and sometimes that means having to make a tough, unpopular decision. BTW, I disagree with a balanced budget amendment. Is the government supposed to stockpile cash in the basement of the White House for the next economic downturn? To give up a powerful tool for managing the government and it's obligations because they can't be trusted with it, seems like splitting the baby. Even this debt commission is a way of saying, save us from ourselves. Look, everyone knew we were on an unsustainable course, but the unfortunate part is that had lawmakers been good stewards of our credit, this downturn in the economy would be a legitimate reason to borrow and get us over the hump. So the lawmakers may have done the right thing at the wrong time. Stay tuned. Okay, off my soap box and back to the drawing table. I hope all is well in Portugal JASG

  4. August 2, 2011 -

    In Portugal prices of utilities grow and the 14th salary goes down to avoid de Moody's "opinions", namely rating.