It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Bob Sholtz
i agree with all but one of the above.
i don't see how so many people disagreed that the best long term solution for the debt is to both cut spending and raise taxes. unless the goal isn't to get rid of the deficit and our debt, i don't see how that happened.
this is the first poll i participated in because i felt very strongly about it's prevalence.
Originally posted by crimvelvet
What that 7,183 means is that there are a LOT of lurkers who read the site but do not comment.
The humiliation of a credit rating downgrade for the U.S. would exact some psychological damage but is widely viewed as less likely to cause any actual carnage on interest rates.
Few fixed-income experts are looking for a major surge in rates even if Standard & Poor's follows through on its threats to cut the US rating from the coveted triple-A status down to double-A.
"The bigger picture is that the long-term fiscal position of the U.S. remains perilous," Dales wrote. "A raising of the debt ceiling and a package to reduce the deficit by between $1 trillion and $3 trillion over 10 years will do little to reduce net debt."
Originally posted by nenothtu
That will change over time, if they bother to actually get out and engage Tea Party folks in dialogue and learn something of the reality on the ground.