How Would You Solve the Debt Impasse?
- Posted by Jeff Carter
- on July 29th, 2011
This really isn’t a crisis anymore. It’s an impasse. The negotiations are NOT about the numbers. There is no way that Tea Party Republicans are going to get real cuts until after 2012.
In 2012, there is a chance, a very slight chance that they can get to 61 votes in the Senate, plus win the White House.
That’s what the debate is about.
The Democrats want the debate on debt, since it’s so toxic to their election chances, to happen post November 12.
The Republicans want the debt debate before the election.
How do you solve that? Please, give some suggestions in the comments. I know there are people in DC that read this blog-maybe you will come up with the way to split Solomon’s Baby.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Jeffrey Carter is an angel investor and independent trader. He specializes in turning concepts into profits. He co-founded Hyde Park Angels one of the most active angel groups in the United States in April of 2007. He previously served on the Chicago Mercantile Exchange Board of Directors. He has done market commentary for (More...) -
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