When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Thursday, October 17, 2013

Shutdown ended, debt default averted, but not for long

Dysfunctional government --

Congress agrees -- for now -- to end shutdown, avert debt default - CNN.com: "...The debt cushion now extends through February 7, with current spending levels being authorized through January 15. That means a few months of breathing room, but little more. After all, the bill doesn't address many of the contentious and complicated issues -- from changes to entitlement programs to tax reform -- that continue to divide Democrats and Republicans. "We think that we'll be back here in January debating the same issues," John Chambers, managing director of Standard and Poor's rating service, told CNN on Wednesday night "... This is, I fear, a permanent feature of our budgetary process."..."



The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects