After the Debt Deal, What Now?

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The United States won't default on its debts for the first time, so that problem is solved. But the price paid to Tea Party Republicans could make the economy worse. The deficit will be reduced with spending cuts only. Tax increases are off the table. What will it take to boost the economy or create new jobs? Will the US be able to retain its AAA credit rating? What happens when the so-called "super committee" of twelve gets down to identifying the actual cuts? Medicare, Medicaid and Social Security have been protected. Will Republicans be fighting among themselves over how much to cut from defense?




Warren Olney