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  1. The Super Committee Represents the U.S. Debt Problem in a Nutshell

    by
    lior
    , 11-24-2011 at 03:08 AM
    I think it didn't surprise anyone that the Super-Committee failed to reach an agreement among its members to cut at least $1.5 trillion from the Federal Budget over the next decade. This failure and the low expectations from this Super-Committee are probably the best representation for the U.S. government's handling the U.S debt. The current partisan gridlock might eventually pressure the Fed to engage another stimulus plan.

    Last time the markets stirred up over the U.S. debt was back in August when the House voted at the last minute to raise the U.S. debt ceiling by $1.2 trillion. A few days later Standard and Poor's downgraded the U.S.'s credit rating from AAA to +AA.

    For the complete analysis see here in ...
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