Fidelity.com -- Nov. 23, 2011
"Keep an eye on rating agencies' reactions. Expect more market volatility. 2013 is key.
Now that the Super Committee has failed to reach a deal to reduce the U.S. budget deficit by its November 23 deadline, the question on investors' minds is: What's next?
The debt limit will increase by $1.2 trillion next year, and a budget sequester will be triggered resulting in $1.2 trillion in spending cuts beginning in 2013 (unless modified by Congress). So what does this mean for the economy and the stock and bond markets?"
https://guidance.fidelity.com/viewpoint … il_monthly
by Ralph Deeds 6 years ago
Here's a small idea for the Super Committee that's supposed to report on how to achieve a trillion dollar savings in the federal budget by November 23--stop paying pension costs of Defense and Energy Department contractors.http://www.nytimes.com/2011/11/13/busin … f=businessI wonder what the...
by SparklingJewel 7 years ago
...this guy is a truly non-partisan, clear thinking, fiscally responsible citizen of the United States of AmericaAugust 1, 2011ALEXANDRIA, Virginia - Today, 2012 Republican presidential candidate Ron Paul issued a statement outlining his opposition to the debt ceiling deal struck between the White...
by lady_love158 7 years ago
http://www.speaker.gov/blog/?postid=240654We need to cut trillions not billions and unless we do we should not raise the debt ceiling! Obama is spending 4 trillion dollars a year even though historically revenues don't exceed more than 20% of GDP which for now is less than 3 trillion. That means we...
by American View 6 years ago
OK I give up. Armageddon is coming. President makes threats, talks down to Americans, Dems plan has fake cuts and they refuse to look at Repubs offers, Repubs balking at Dems offers saying no raising the taxes. No wonder Bachmann has a migraine. Forget politics, forget which plan you think is...
by American View 7 years ago
I cannot wait to hear the responses on this one. A day after Obama was threatening how he will not pay the armed services, not pay Social Security, not fund Medicare, and more. "we do not have the money to pay these things We need to rasie taxes" I agree with him on eliminating tax breaks...
by weholdthesetruths 7 years ago
Rep Tim Scott has run the numbers...If we tax everyone over 100K income at 100%... We will not even balance THIS year's budget. Much less cover the fast-growing SS, Medicare, medicaid... Apparently, we'd need to tax EVERYONE, every business, every employed...
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