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Old 01-15-2011, 09:35 PM
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mossbacked mossbacked is offline
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Join Date: Nov 2010
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This is a really delicate situation and conservatives in the Senate are in a tough position to make the cuts needed. They always need both Independent votes and 8 of the 57 Democrats to garner a majority. Then it's still fairly certain the Oval Office vetos going into the re-election cycle, because belt-tightening will slow things down for a few quarters.

We've got pain ahead if/when we cut, and even bigger pain ahead if we keep borrowing.

What are the real ratios we can support? Are they different from what a household can borrow?

If they admit to a 14+ trillion need for debt, Is that accurate, or is it really more when you add in all of the (growing) unfunded stuff? If GDP is also just 14+ trillion and we are at +/- 100% debt to GDP, how long does this work?

Do we start selling off/deeding over the National Parks and public lands to our creditors?
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