Hmmm, there is a claim that our debt will be downgraded again.
"Isn't this grand? We now have the (unconstitutional) SuperCongress.
Why unconstitutional? Well that's simple: All revenue bills must originate in The House. Since spending inevitably encompasses revenues (unless it spends nothing, in which case it's not a spending bill) The Senate, by law, has no right of involvement until after The House introduces and passes the legislation.
But these little matters of the "Constitution" have never bothered Congress. Barry uses it to wipe in the morning, as does Pelosi, and I've seen little evidence that it's not in the Republican restrooms in the House or Senate over the years either.
The more-pressing issue, however, is that there won't be an agreement with this construct. Fiscal consolidation is very unlikely to actually happen. I'd like to be somewhat of an optimist that the political powers that be would recognize the reality of mathematics - specifically, that exponents make impossible continual deficit spending - but I don't expect these jackwads to live within the boundaries of mathematics.
Therefore, I reiterate that we will be downgraded again. And again. And again.
You've got about four months folks, at the outside, before this becomes apparent as S&P has their back to the wall once again and issues exactly what they said they would."http://market-ticker.org/
I don't post things because I believe that they are the absolute truth. I post them because I believe that they should be considered.