By failing to include in its analysis anything to do with the massive unfunded liabilities the government faces, S&P’s announcement becomes totally useless and counterproductive. By failing to inform, it becomes a party to the crime.
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There’s no way that the IRS will be able to catch up. The pace of innovation is simply running away from them.
Perhaps the recession call by ECRI was wrong after all. Walmart is growing at four times the rate of the overall US economy, as evidenced by its latest annual report.
Even a cursory perusal of the CBO report reveals a bias to the upside. Reality, it is feared, is likely to change the outlook, perhaps sooner and most certainly more drastically, than the CBO estimates.
Words, words, words. Nothing of substance will come of this.
I’ll bet he feels better now.
Political gamesmanship, or perhaps “gains”manship as each side tries to outmaneuver the other. They are bickering over who’ll pick up the bar tab on the Titanic.
Here we go again.
Time is running out for the president. This is one reason why his agenda will fail. There are other reasons as well.