ext_130067 ([identity profile] silussa.livejournal.com) wrote in [personal profile] solarbird 2008-09-17 10:12 pm (UTC)

Okay, the really basic summaries:

o There aren't going to be any more bailouts because, as you already said, if Treasuries lose their AAA status, it's game over.
o There's not going to be any major tax money giveaways, by EITHER candidate, for the same reason
o To shore up support for that rating, the Government is going to have to raise taxes going into a recession. Something last done in significant scale in 1930 or so, the effects of which have already been noted in the history books.

In short, oh *****.

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