Top Newspapers Warn Debt Deal’s Spending Cuts Will ‘Weaken’ and ‘Undermine’ Economy
Remarkable uniformity amongst some major national newspapers on Tuesday as they simultaneously worried about how the supposed spending “cuts” in the debt-ceiling deal will harm the economy.
As USA Today put it the top of the “cover story” for the “Money” section: “Spending cuts could further weaken economy.”
Echoing that theme, from the Washington Post’s front page: “Deal risks undermining fragile growth”
On page 2 of the August 2 Wall Street Journal: “Deal Seen as Mild Drag on Economy”
And, from a Los Angeles Times front page plug for an interior article: “Deal offers little to boost economy”
Inside, that story carried this headline (at least online): “Debt ceiling deal casts a bleak light on the future”
Online, USA Today changed the print edition’s “Spending cuts could further weaken economy,” to : “Spending cuts could face headwinds this year: a weak economy.”
- Brent Baker's blog
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Comments
It's The Debt Stupids
Submitted by HardRightTurn on Wed, 08/03/2011 - 12:38am.
And the spending. Not the cuts. And the strangulating regulation. And Obamacare. And the threat of tax increases. And...
STUPIDS!!!
To more fully comprehend the Left, one must read “Leftism As Psychopathy” by John Ray, M.A., Ph.D. Caution, it might scare you a little bit.
http://jonjayray.tripod.com/psycho.html
Hmmm
Submitted by hayate1 on Wed, 08/03/2011 - 1:07am.
In an economy driven by consumer demand I wonder how cutting back on spending money could possibly have a positive impact on jobs?
"Facts are not decided by how many people believe them. Truth is not determined by how loudly it is shouted."
Question
Submitted by ckc1227 on Wed, 08/03/2011 - 1:58am.
What part of this bill forces consumers to cut back on spending?
Moron!!!
Submitted by RESTLESS 1 on Wed, 08/03/2011 - 7:20am.
Govt. spending will not see to that end. Remember, the jackass in chief already admitted that there are no "shovel ready" jobs.
Back under the bridge troll.
Probably not...
Submitted by Chris Norman on Wed, 08/03/2011 - 1:21am.
Maybe they're talking about the government-fueled economy of the Washington DC area - they're about the only place that's been booming in the last few years.
What 'spending cuts' are these people talking about?
Submitted by Dave. on Wed, 08/03/2011 - 7:09am.
There are no real spending cuts going on here, and there will never be any - not from this BS 'deal,' anyway.
This is nothing more than clumsily repackaged, Business as Usual, smoke-and-mirrors BS, designed to fool the stoopid zombie American Idol-hypnotized dumbMass sheeple into thinking this is going to somehow reduce our budget deficit, and all is going to be right with the world.
It isn't even going to put a barely perceptible scratch in it, much less a visible dent.
All it really is going to do is increase it by a very immediate $2.2 Trillion (there is a coming election to be bought, after all) and then it will go far higher after that.
And to top it all off, we are still facing a downgrade, as this congress is unwilling to demonstrate that it has any intention whatsoever of dealing with the insane government spending that has been sharply increasing for decades.
-Dave
Vote for the American in November
Yup
Submitted by RESTLESS 1 on Wed, 08/03/2011 - 7:16am.
They have simply slowed the rate of growth of spending, and only a fraction at that, but certainly spending is still increasing.
And the baseline moves ever upward...
R1,
Submitted by Dave. on Wed, 08/03/2011 - 7:28am.
Love the tagline.
LOL - It's so...you.
-Dave
Vote for the American in November
Yeah, Dave
Submitted by RESTLESS 1 on Wed, 08/03/2011 - 7:48am.
Someone on FB had posted a link to an interview with Ted on the Austin NPR affiliate. If I can find it, I may post it here. Ted was on fire, and that was the "pull quote" as far as I was concerned.
Way worse then that Dave
Submitted by Boudin on Wed, 08/03/2011 - 8:50am.
These cretins have just foreclosed on our legislation process. Everyone should go that their Reps, and Boehner and McConnell, and thank them for stealing more of our money, future, and liberty. But at least we get a "vote" on the BBA, well as long as it doesnt interfere with anyones re-election that is.
I should apologies, I had sincere optimism that the leadership on the Right had honest to goodness problem solving intentions in their hearts. Looks as though, the only problem they were intent on solving was how to by-pass the American folks to steal more of our money, and to protect their re-election campaigns.
Thanks Boudin
Submitted by RESTLESS 1 on Wed, 08/03/2011 - 9:59am.
I wasn't nealy pissed off enough about this deal yet. Your link put me over the top.
Had my suspicions too
Submitted by jon_torlin on Wed, 08/03/2011 - 10:55am.
I had my suspicions about Boehner when he went and played golf with DuhOne(It's called consorting with the enemy) with Gov. Kasich,(where is he in all this in relation to them??) that we wouldn't see anything significantly helpful to the American people, and the suspicions got more solidified thanks to that now infamous phone call from Boehner calling Rush about his "plan" to which there was a less than enthusiastic response on Rush's part(and if you lost him, you lost a lot of voters).
I had high hopes as you did, but those were dashed when the events I described above occurred.
It's times like these that I wish that movie Eagle Eye was real. Now there's a way to deal with Constitutional enemies.
-Jon
Ron Paul is not Presidential
Submitted by Dan The Man 2 on Wed, 08/03/2011 - 8:38pm.
Ron Paul is not Presidential material, but dang if I am not agreeing with him more and more. He is probably spot on in his estimation of the severity and implications of this law.
The liberal media is lost to
Submitted by deerjerkydave on Wed, 08/03/2011 - 4:37pm.
The liberal media is lost to the fact that Obama has raised Federal spending by a massive 28% in just 3 years. By their logic our economy should be booming right now. That was the hope and change they were expecting to see under Obama's reign. So far it has fallen flat on its face. Reaganomics looks pretty good right now stacked up against Obamanomics.
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"The powers delegated by the proposed Constitution to the Federal Government are few and defined. Those which are to remain in the State Governments are numerous and indefinite. -James Madison