2011-08-02

Debt ceiling fracas


The above chart shows federal discretionary spending after the debt ceiling deal. The executive and legislative branch of the government, much of the mainstream media and even Nobel-prize winning economists went nuts in the past few weeks and many of them are still screaming about massive cuts and economic crisis. Politics is just expressing the negative social mood. Imagine what happens when the real cuts are made (when social mood is much more negative)...

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