Thursday, August 4, 2011

Road to "Elsewhere"

One industry blows you up, the other puts you back together (for a price, of course). Both could be badly hurt by the debt deal. Not if they can help it.
The architecture of the debt deal is aimed in part at forcing compromise by threatening two of Washington’s political sacred cows: Medicare for Democrats and defense spending for Republicans. The idea is that, faced with the possibility of draconian cuts, lawmakers will be swayed to find savings and revenue elsewhere to close the long-term budget gap.
Where's "Elsewhere?" you ask. Why it used to be called "Nowhere" and it's just the other side of "Budget Gap." Don't worry, you'll find it soon enough.

No comments:

Post a Comment