tango_gs

If Congress and future Presidents learn that they can talk away debt problems with more promises , what will happen to their resolution to cut debt and increase revenues through taxation? All of it will turn into "wink wink" to fool the markets .

They talk of raising the debt limit now , but there isn't even any mention of resolving to reduce the debt limit when the supposed cuts in spending and increased revenue through savings and taxes happen.

So we'll just roll along from bad to worse to terrible.

In fact the Chinese Gov't is requesting the US to continue to raise the debt limits , which is really funny.

No one wants "austerity" measures for the US !