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Your graphs show the Austerity Measures are coming as Democrats can only offer that illusion it can’t happen here by not facing having to pass a budget.

http://www.investopedia.com/terms/a/austerity.asp#axzz1rT7cS8RS
Definition of ‘Austerity’
A state of reduced spending and increased frugality in the financial sector. Austerity measures generally refer to the measures taken by governments to reduce expenditures in an attempt to shrink their growing budget deficits.

The Greeks denied reality until it was really too late to do anything about it except reduce pensions by 20%, reduce the number of government employees dramatically, cut the minimum wage in half, etc. That still hasn't worked and won't work because the people will not implement or accept the austerity measures. Portugal, Spain, and Italy are not far beyond. Denial just ain't a river in Egypt.

IMO the American people don't have the political will to accept the sacrifice and pain that will be necessary. The Dems will continue to demagog the issue and take political advantage of the two in three Americans who receive a check from or depend on the government, i.e., 200 million

"A record 49 percent of Americans live in a household where someone receives at least one type of government benefit, according to the U.S. Census Bureau. And 63 percent of all federal spending this year will consist of checks written to individuals for which the government receives currently no services, the White House budget office estimates. That’s up from 46 percent in 1975 and 18 percent in 1940.”

Your graphs show the Austerity Measures are coming as Democrats can only offer that illusion it can’t happen here by not facing having to pass a budget.

Great post this is their slickness/MO. They have set up whomever rules next time around for a host of time bombs that will all blow up at around the same time. Its all how you handle it. If obama care is truly dead one can only imagine what they will invent to take its place. That thought alone is truly scary.

Did we all think that treasury could keep buying 60% of the debt forever?Can't happen.