Latest topics
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» UF2 Members Chat Thread: Part 3
Mon Jan 19, 2015 4:01 pm by member

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Mon Oct 06, 2014 6:33 am by 

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
December 2016
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
25262728293031

Calendar Calendar


Economists warn cuts to federal spending ill-timed

View previous topic View next topic Go down

Economists warn cuts to federal spending ill-timed

Post by Guest on Mon Aug 01, 2011 7:06 am

“Unemployment will be higher than it would have been otherwise. Growth will be lower than it would be otherwise. And inequality will be worse than it would be otherwise,” Mohamed El-Erian, chief executive of the bond investment firm Pimco, said Sunday on ABC. “We have a very weak economy, so withdrawing more spending at this stage will make it even weaker.”

The agreement would end months of single-minded debate about the federal debt that has diverted Washington’s attention from broader economic questions, and indeed threatened the health of financial markets as investors watched and wondered whether the United States might really decide, quite voluntarily, to leave some bills unpaid.

http://www.msnbc.msn.com/id/43966345/ns/politics-the_new_york_times/

Guest
Guest


Back to top Go down

Re: Economists warn cuts to federal spending ill-timed

Post by stillnutty on Mon Aug 01, 2011 8:30 am

They will slap themselves on the back this week, after once again protecting the top 2 percent while gutting much needed social programs. THEN THEY WILL GO ON THEIR MONTH LONG VACATION!!

stillnutty
Administrator
Administrator

Posts : 412
Join date : 2011-06-27
Age : 61

Back to top Go down

Re: Economists warn cuts to federal spending ill-timed

Post by rprp on Mon Aug 01, 2011 9:14 am

DesperateinRI, I just want to thank you so much for what you do here to bring these important links to the forum.

Now I am just spitting angry, especially after reading that article and see that advertisement or video of what this is going to do to the "markets." You know what? If the average Joe is going down, let everyone and that includes anyone in the markets go down with the ship as well. THEN, we might see some actual action taken to fix this broken capitalist society.

rprp
Member

Posts : 58
Join date : 2011-07-15

Back to top Go down

Re: Economists warn cuts to federal spending ill-timed

Post by stillnutty on Mon Aug 01, 2011 9:56 am

rprp wrote:DesperateinRI, I just want to thank you so much for what you do here to bring these important links to the forum.

.
X 1000! Very Happy

stillnutty
Administrator
Administrator

Posts : 412
Join date : 2011-06-27
Age : 61

Back to top Go down

Re: Economists warn cuts to federal spending ill-timed

Post by Sponsored content Today at 7:14 pm


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum