How can we do it if ....

"If Congress fails to act over the next year, the Department of Defense will face devastating, automatic, across-the-board cuts that will tear a seam in the nation's defense," Panetta said in a statement. (Souces: Bloomberg)

Of course. No one wants cuts. How can we control the growth of the deficits if everybody complaints - defense, Medicare, Social Security, housing, subsidies to everybody, ....?

We want to do it by cutting someone else's programs. Not ours. Incredible!!! We all need to make sacrifices.

Like the Italians, the Greeks, .... we were given too much. Now they have to take some away and we protest. The pendulum is swinging.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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