Tue
Aug 2 2011
07:04 pm
By: CE Petro  shortURL

That amount is the COST in ADDITIONAL interest, on Monday, to US Taxpayers for the Kabuki Theater (and really bad kabuki theater at that) played out in Washington, thanks to the TEA/GOP and our Prez.

"That's real money," said IHS Chief Economist Nariman Behravesh. "Taxpayers need to wake up to the fact that these kind of shenanigans in the end cost."

And the people are not happy about this debt deal.

"Everyone disapproves of some part of the debt ceiling compromise," CNN Polling Director Keating Holland said. "Republicans dislike the increase in the debt ceiling through 2013, Democrats dislike the lack of tax increases on businesses and higher-income Americans, and independents dislike both of those provisions." (note from me, I had read recently that Obama wanted this debt deal as a way to woo independents. Guess that idea was a massive failure!)

The spending cuts in the agreement were the only popular part of the bill, winning support from two-thirds of the public.

Seventy-seven percent of respondents said elected officials who have dealt with the debt ceiling have acted like spoiled children. Just 17 percent believe the politicians have acted like responsible adults.

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