Page 3 - Trigger Effect News Today

Bureaucrats well intentioned somehow can do a better job guiding our economy and our lives than free people. and hes wrong! >> so that is mitt romneys opinion about how this whole thing went down. lets keep in mind, besides these defense cuts now that are the automatic trigger effect over the next 10 years, starting after the election, by the way, although its just that, its also cuts to entitlements, guys, so yesterday when the president said hes not going to veto -- he is not going to veto any...

$123 billion in entitlements would be cut. there would be no plan to extend those tax cuts and the jobless aid. so the bush era tax cuts wouldnt be extended there as well under this plan. >> there is, as you were just alluding to, a fear that there could be another downgrade of our credit because this just shows we are unable to work out any agreement whatsoever when it comes to money and entitlements and taxes in this country. t, there is another cynical argument that i think we should introduc...

>> i would think the advantage is, you could drill lots of holes, look in lots of rooms as opposed to having to do bigger holes and learn youre basically digging into dry wells. >> exactly. they conduct night operations. we have thermal imaging cameras that would enlighten it for us. night vision glasses would allow us to work well into the night, if we had the security afforded to us. >> i want to get into the seismology, if you will. rob, is there any correlation that can be made as a trigger ...

Unfold. no plan to extend the tax cuts and the jobless benefit. if the automatic cuts is altered fear of another credit downgrade. we talked about that last summer. we talked about the debt ceiling debate. moodys of course downgraded us. >> so s&p s&p downgraded us, right? >> moodys. >> moodys. thats right. >> there is discussion that other downgrades could be coming down the pike because the super committee fails. i must admit im confused this morning. >> you should be. this is a mess. here is ...