Autoblog 5.0

Friday, July 15, 2011

Don't give up on grand bargain on debt - CNN.com

Don't give up on grand bargain on debt - CNN.com: "short of a 'grand bargain' -- which would include roughly $4 trillion in savings and fix the most broken parts of the budget, including entitlement programs and the tax system -- is not that great a comfort at all.
This is not supposed to be who we are: a country fighting over whether to pay our bills, being scolded by rating agencies --including in China -- and on track to leave a shredded economy to the next generation because we spent years on a spending spree without paying the bills."

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