Say what? The "fiscal stimulus" is money sucked out of the private sector (taxes) or removed from the capital markets (government debt) in order to keep the bloated public sector fat and happy. (We truly are ruled by government employees unions.)
Reversing the "stimulus" would be a huge step in the right direction for recovery, coupled with tax cuts and reigning in government spending.
... it’s about time!
Honestly, there needs to be SOME consequence for being so financially irresponsible.
Time to short treasuries.
hmmmm Piere in London says the US may get downgraded...
Thanks for the hot tip frenchie.
What he fails to realize is that Moodys and all rating agencies grade on a curve. Durring the boom, there was graded inflation, to be sure, but it was never an scientific absolute. The safest bond (not SAFE, just safest) will get AAA rating. The only way for US Treasuries to fall below AAA is for the world to believe some other countries bonds are significantly safer and available in sufficient quantity.