Ivytalk wrote:Nobody thinks long-term in the USA. Corporations think in terms of the next quarter's numbers. Politicians live for short 2-year election cycles, and we get the perpetual campaign. People think only of the next weekend and the next paycheck.
My view weeks ago -- too lazy to look up the post -- was that this mess will be "solved" at the very last minute -- before the credit agencies lower the boom -- by some combination of eliminating tax expenditures (but not changing rates) and spending cuts across the board. And then we'll revisit it next year.
Hell, kalm and I could fix this over a few beers in a back room by tomorrow.
I'll be right over!





