And don't forget: pretty much whatever they're throwing together will only 'cut' the scheduled/budgeted increases in spending...not actual spending. Helpful, but that's it., totally token movement.
Graham Rudman Hollings 1985 Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987. Budget Enforcement Act 1990 PAYGO 1991 Omnibus Budget Reconciliation Act 1993 AND 1997
None of them meant a darned thing when they were passed, and this latest horror show will mean nothing after the election of 2012. Its all smoke and mirrors, the basic facts are that we will spend in fits and starts until doomsday, always exceeding our income. Precious metals are still a safe bet to preserve the core of your wealth, regardless of how the current or future congress tries to put makeup on this pig.
You don't like this arrangement of the deck chairs????
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Comments
pretty much whatever they're throwing together will only 'cut' the scheduled/budgeted increases in spending...not actual spending. Helpful, but that's it., totally token movement.
This is the best you got???
I knew it would happen.
Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987.
Budget Enforcement Act 1990
PAYGO 1991
Omnibus Budget Reconciliation Act 1993 AND 1997
None of them meant a darned thing when they were passed, and this latest horror show will mean nothing after the election of 2012. Its all smoke and mirrors, the basic facts are that we will spend in fits and starts until doomsday, always exceeding our income. Precious metals are still a safe bet to preserve the core of your wealth, regardless of how the current or future congress tries to put makeup on this pig.
A win for Obama imo. He survives the elephant onslaught, for the time being anyway.
<< <i>Dear Congress,
This is the best you got??? >>
You don't like this arrangement of the deck chairs????
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
<< <i>"Deal, or no deal?" >>
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And metals values are showing that the public isn't buying the BS anymore.
RIP Mom- 1932-2012
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The really cool thing about free markets is that they tend to be "forward looking". The markets are pricing in the knowns, and the probabilities too.
The can is lying down there in the middle of the road past the next election, but the markets can see it quite clearly.
I knew it would happen.