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this particular instance wasn't sure said saturday fifteen thirteen
words although the the segment about the latest developments in certain so the
sort of
economic budget analyst irritability
in washington d_c_ across the country there were new developments on that
front this week and that the credit rating agency s_ and p_ standard poor's
upgraded the sovereign debt rating the united states to triple a rating
leading many to say that this is decided that
or syria's and then that has been discredited that the united states
credit
has been restored that there's already been two point five trillion dollars in
deficit reduction
three quarters of that's the spirit of shins and uh... that is perfect it would
close whatever doubt we've needed
but
some people aren't looking at it that way and of course we talked last week
about the fact that the center for american progress
made their own give it's a new music reset
the fiscal policy debate
the budget looks won't give up
and here are some of the the the most recent developments on that front
my mcginnis
who is the president of the committee for responsible federal budget
but basically an article that is essentially saying with with the dot
blot for sick profound reputations dot com
she said
silicon valley it's time to disrupt the status quo washington d_c_
weekend over all the budget fixes the drivers of the debt
unsustainable increases in the costs of our ultimate sarma programs
accorded tax code
the lines the but his priorities for the long-term growth strategy for the
country
and silicon valley we are willing to try new things
and let those that don't work cell
with the government
too many outdated and an effective spending and tax programs
live on well beyond their usefulness
call i have to ask you a call centres several in these times coalition with me
today
it seems to me like the grabbing at straws that the the the piercing crowded
the wall street forbid
deficit-reduction acts that are really more about
cutting taxes for the rich and keeping them low and cutting social programs
that the middle class and poor depend on
like social security medicare
of freaking out a little bit and they're realizing that their moment in the sun
is gone and it is there any other way to interpret this
yeah i mean i i i think i it's settling courage and
forcing the size of the since gramm bargain so called grand bargain as seems
like it's off the table i think that's definitely a of their encouraging sign
uh... although i would have to still caution back in
having too much optimism that this this way of austerity eyes over riaz there is
always been uh... a kind of dubious intellectual position to take i'm you
know to spotlight the policies that have never been particularly compelling only
from uh...
purely intellectual point-of-view being politically i think you know austerity
wallets maybe
you know wheezing some support in washington i think we still have puneet
evidence that we're so that a lot of work to do i think in congress running
uh... for the custody taking place we just saw with the food stamps cuts that
are taking place twenty billion house
so the white house that's on the record is is favoring
recalculation of benefits of security kinds of security
he had you know the present budget that talking about cutting low-income heating
assistance or use do you still have uh... it still politically in bogota may
may not be as prominent as made a couple years ago but i think they still should
not be here too optimistic