Debt Deal Reached

Global markets are on the rise in response to a deal between President Obama and congressional Republicans on the debt. The deal would cut more than $2 trillion from federal spending over a decade. However, most economists think this isn't enough and does not remove the threat that the nation's AAA credit rating could be downgraded.

Comments

Re:Could Someone Help Me Out With This?

[gmuslera]

Why on Earth are we still implementing tax cuts and deficit spending?!

Because the ones that financed the campaign of the current (and past, for many years) government said so. That's the problem with using math, ab absurdum proofs always go wrong in politics.

Re:Then Why Are We Seeing the Same Negative Effect

[PopeRatzo]

Deficits don't matter as long as we keep getting loans.

Mr. Cheney, your breakfast is ready. Now leave the computer alone and get over to the table.

We've got your favorite today, Lucky Charms and fresh-squeezed baby's blood!