The Debt Ceiling Deal From Hell

[BTOfarmallll]

http://theeconomiccollapseblog.com/archives/the-debt-ceiling-deal-from-hell

[liberty]

The U.S. economy is done like dinner for many years to come. I wish it could be otherwise, but no mainstream politician in Washington will ever deal with this issue until America's creditors start treating American government debt like the worthless paper that it is. There's going to have to be a serious run on the U.S. dollar before most Washington politicians wake up.

[cottonpicken]

It is shocking to see how fast things are unravelling.

[sumdumguy]

On the American table is deductible interest on
private homes. If this tax benefit gets taken
away, watch the house and condo prices tank.

Save your pennies.

[Hopperbin]

Deductible interest on housing should not have been there in the first place, why pay off the house when the interest is deductible. but yes should have a big ripple effect, I don't think it will happen, the president has the final say am I not correct?

[Hopperbin]

Holly shit just checked the stocks, tsx down 4 percent. A lot of good stocks down in the 10 percent range, american stocks that I watch taking a shit kicking. BA Bell alliant the only one I know in green territory today, pays a 7 percent dividend.
Migao down hard today that is one I am looking to buy into, they operate in China and has some trust issues now, but looking at their revenue increases over the over the last few years looks pretty impressive, and they are making a shit load of money currently. Then again rim who also makes a shit load of money the shares under relentless pressure. I sense buying opportunity coming some time just don't know when.
America must not slap a high tax on publicly traded companies with business operations in the USA. Way too much shit going on, can anyone keep a clear head in this?

[hedgehog]

the USA is in a similiar place to the UK was in 1945. broke.
The USA humiliated us by threatening to dump the pound during the suez crisis, something similiar may happen to the yanks.

[cottonpicken]

At least i found that damn rug i was looking for.

They are going to make us beg for q3.

[BTOfarmallll]

Super Congress is Here. Now We's are F********.........

http://lonestarwatchdog.blogspot.com/2011/08/texas-i-rather-we-secede-than-be-ruled.html - Texas, I Rather We Secede Than Be Ruled by a Super Congress and a Dictator.