Are they cutting the debt or the deficit?

[empee]

With all the coverage about the debt/deficit, and no numbers, are they actually going to cut the debt or deficit. For example, one number being bandied about is $3 trillion. So are they going to actually cut the total debt over say 10 years, or cut the rate of growth of the deficit by $3 trillion over ten years. If its the later, thats only $300 billion a year on a $1.5trillion deficit so it would be more of a start than a solution.

Regardless, which are they talking about, the actual debt, or the rate of deficit?

 

[dumb_mother]

rate of defecit

like you said, it basically does nothing even if we do the most extreme plans that have been proposed (6-7 trillion less)

 

[endsongs]

I'll play devil's advocate and say, in the long run, neither.

 

[piezoe]

They will cut the rate at which the deficit will grow, however they will bill it as a cut in the debt -- which it will be, but only in the sense that it will be a cut in the debt that would have been.
They may be morons, but they are sly and devious morons, and I mean that in the best sense of those words.
_____________________
"Eisenhower was sly and devious, and I mean that in the best sense of those words." -- Richard Milhous Nixon

http://www.google.com/imgres?imgurl...IsTu3hPIO4tgebqtnXAg&ved=0CFEQ9QEwBg&dur=4236

When I read that remark of Nixon's I started laughing uncontrollably, and have not got it under control yet. Just thinking about that remark drives me to hysterics, as right Now.

 

[endsongs]

Any spending cuts or taxes will be back loaded into the last 5 years of the 10 years. That way, in 5 years, they can say: we are still in a recession or those will hurt the economy and they won't be implemented. The only issue is if the ratings agencies keep play along...

 

[zdreg]

Quote from endsongs:

Any spending cuts or taxes will be back loaded into the last 5 years of the 10 years. That way, in 5 years, they can say: we are still in a recession or those will hurt the economy and they won't be implemented. The only issue is if the ratings agencies keep play along...

' The only issue is if the ratings agencies keep play along..."

the only issue is whether holders of $US go along.

 

[Random.Capital]

They aren't talking about much of anything of substance, unfortunately.