Greenspan: Sequester cuts will not be horrendous for the economy

[Torie]

Just a negative influence, but the stock market is relatively cheap now, and thus should be resilient, and Greenspan pays a lot of attention to stock prices from a macro-economic perspective. He also notes the obvious - the only way to get substantial spending cuts is through entitlement rule changes. Getting 1.1 trillion in cuts without doing that is close to impossible.

[Torie]

How much Obamacare will actually cost is far from resolved isn't it?

[Torie]

Obamacare is going to cause a recession? LOL!

Let's worry more about Medicare cuts, which you Republican piggies went populist on in 2010 and killed the possibility of that for the forseeable future.

Moving right along, do we both agree that that sequester should just happen (sure some of the line item money amounts should be moved around a bit within the 50-50 bifurcation between military and other cuts, rather than a meat ax approach, but that no doubt will eventually happen)?

[Torie]

Obamacare is going to cause a recession? LOL!

Let's worry more about Medicare cuts, which you Republican piggies went populist on in 2010 and killed the possibility of that for the forseeable future.

You looked at Torie the death panels advocate's avatar color lately buddy?