In response to:

Congress Avoids the Cliff by Selling Us Down the River

swawrzynek Wrote: Jan 04, 2013 9:28 PM
HOORAY. Add to my taxes and Give FREE CELL PHONES TO MEDICAID PEOPLE, SO THEY WILL FEEL MORE EQUAL ? I WORKED FOR 25 YEARS AND MY HUBBY WORKED FOR 40 YEARS. I pay, $66.50 per month for only 550 minutes of talk, NO TEXT OR WEB ! THEY can get 250 minutes of talk and 250 minutes of text, FOR FREE ! And for $30.00, THEY GET UNLIMITED TEXT TALK AND WEB ! THANK YOU, MR. OWANNA.

With the possible exception of the New York Times' editorial board (and the cast of The Jersey Shore), everyone on the planet understood that the United States Government needs to cut spending, increase taxes, or both. Instead, after months of political posturing and hand wringing, the Federal Government has just delivered the exact opposite, a deal that increases spending and decreases taxes. The move lays bare the emptiness of budget legislation, which can be dismantled far easier than it can be constructed.

One question that should be now asked is whether Moody's Research will finally join S&P in downgrading the Treasury...