Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Republicans playing dangerous games with people's lives...

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-11 05:20 AM
Original message
Republicans playing dangerous games with people's lives...
http://www.nytimes.com/2011/06/01/us/politics/01fiscal.html?pagewanted=2&_r=1&hp

<snip>
For Republicans and Democrats to agree this summer on such a far-reaching deficit reduction plan is a hurdle that is all the higher given how far apart the parties are. Republicans oppose any new taxes while Democrats say a balanced package must include higher revenues.

Just as the political dynamic is more precarious than in years past, so too, say some analysts, is the economic recovery. The combination “definitely makes it more dangerous” to even flirt with default, said Rick Rieder, a managing director of BlackRock, the world’s largest investment management firm.

“The practical ramifications of it are dramatic, and I truly believe this,” Mr. Rieder said. At some point short of actual default, he said, “you’re going to run down the road where the rating agencies are going to have to react, the Fed is going to have to make a set of decisions, international investors are going to have to interpret what this means, and you could functionally have a self-fulfilling prophecy in terms of the risk while not actually having a default.”

“That is such a dangerous path to go down,” he said.

....more
Printer Friendly | Permalink |  | Top
liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-11 06:10 AM
Response to Original message
1. I believe this is what the Republicans truly want
They want to bring this country to its knees so they can literally transform the government into something we would never recognize.

Something that will control every aspect of our lives while never providing the security is should.

A war machine willing to send our young to fight for imperialism and propaganda to back it up. It would be a very dark time in American history should the GOP get their way.

Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Apr 25th 2024, 02:01 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC