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
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