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Hewlett-Packard Company Message Board

  • billyliar66 billyliar66 Feb 25, 2013 5:18 PM Flag

    The Laugh of Sequester: Defense Cuts Won't Hurt, Everything Else Will

    Two major GOP talking points will be demolished. "You can't cut defense" and "Government doesn't provide jobs."
    The truth will be out: non-defense spending is already at a minimum, and cuts will be destructive. The defense cuts won't be felt.

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    • Both the defense and other cuts will hurt. And they are already beginning to cause problems in the stock markets. The DOW is down more than 200 point today, at least in part due to sequestration fears (and also European problems). The stock markets will probably continue to drop, pretty much daily, until the sequestration and debt limit fears are resolved. The growing impact on the national and foreign stock markets will probably be what finally forces Congress to do something about this now. If there are no fixes a week from now, the markets may even go into free-fall mode. The economy is already on hold until this is fixed, at least in some part. The pressure on congress to do something will grow daily.

      Sentiment: Hold

      • 2 Replies to vt_investor
      • Do you really think that? The market is just starting to tank as people realize there is no recovery, never has been, and there is none in sight. Unless fracking and oil bails us out we will eventually be crushed under massive debt. Why do the banks get 83 billion tax dollars? Where is the outrage? At somepoint if the politicians don't act the citizens will have to.

    • Exactly the opposite.

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