So ugly. So very ugly.
Super committee, or Super-Dumb Committee.
Both parties just love this "Russian Roulette" game where the focus is on winning elections. None of them seem to care how difficult it does for the whole of the Economy.
There's s video in there: http://finance.yahoo.com/video/cnbc-22844419/super-committee-failure-27334224.html
At least, we have an across the board cut in December. What you would want to have is smarter spending and less dumber spending. But with the game of Dumb and Dumber being the smart show in DC, that may be the best we can hope for.
Wait until we get all 70m baby boomers in full retirement mode, and then see how easy it is to cut entitlements.
We'll see what happens over the next two weeks. In the mean while the stock markets are tanking. Might be a buy opportunity in the next week or so.
There's no amount of lipstick that's gonna make this pig look any better...
And don't get me started on the dysfunctions of Europe and the PIIGS. :-(
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