What can happen in 6 days?

America we must Wake up! We are living on the verge of a nightmare! May God give us enough time to fix this problem. But let us not squander the opportunity to fix the deficits! We must set a trajectory to Balance. It must be done with cuts! It must be done with Growth! It must not be done with Tax increases! For that would interfere with the aforementioned element, Growth.  The trajectory date must be set now! The time is extremely short for this problem to be addressed.  3 years-5 years is one that although many will balk, they will have to be dragged kicking and screaming, to save our country, it must be done! Just read this below.. "Yet in the past fortnight traders have come to the conclusion that America might breach its own constitutional clause that its debt “shall not be questioned”. According to Markit,  the cost of one-year US credit default swaps, which insure against default, almost tripled in six trading days. According to this – far from perfect – measure, the US is now more likely to default than Indonesia or Slovenia in the next 12 months. America’s dysfunctional politics is starting to infect the markets. To blame are congressmen who, like House Speaker John Boehner, argue it would be less damaging to default than to raise the debt limit without dealing with the deficit. Traders had assumed this was political brinkmanship as usual until Mr Boehner was publicly supported by Stanley Druckenmiller, an eminent former hedge fund manager. He told the Wall Street Journal earlier this month that a few days of missed payments would be worth it to force the White House to accept cuts." http://m.cnbc.com/us_news/43175122/1?refresh=true

You need to be a member of Restore America's Mission to add comments!

Join Restore America's Mission

Email me when people reply –