Wednesday, August 17, 2011

US debt deal: 'a scoreless tie in a cynical game' | The panel

Doug Guetzloe, spokesman for the Florida Tea Party:

The "good" struck this week represents the worst in American economic policy. The short-term effect of the market remained stable, and the dollar is promised on the right track in the world, but the political machinations, intrigues and votes on strong-arm tactics based not bode well for the Republic or the "two-party system".

It has been shown that the self-appointed pompous Washington congressional leadership can 't see the forest from the trees. Has an economic principle and ethics on the cross of political and social necessity nailed and it's a sad commentary on the political system the best the world has ever seen.

No economic system in world history has never been successful in taxing itself into prosperity or for the cause, the borrowing itself into prosperity. The only solid advantage of this budget agreement, it is temporarily the fears of many Americans and investors scattered all over the world, that threat of economic ruin will not occur this week.

As Americans, we must treat the disease and not the symptoms - a balanced budget and a drastic reduction of expenditure must be primarily on the legislative agenda of Congress and the future meetings.



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