As Americans and the world observe the domestic and global uncertainty financially, economically, and in all other ways... this latest successful hostage taking strategy by Republicans brings us to the official beginning of American austerity.
Even though default has been averted, a downgrade in America's credit rating is still very much a possibility.
Nothing has been fixed.
Trillions in upcoming cuts will mean massive job losses, and an uncertainty in America that will be even more brutal than what we have experienced so far. Desperately needed revenues are not a part of this package.
We are at the official beginning of austerity in America.
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