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Announcement: The US Budget Doomsday Clock

Monday, October 24, 2011 2:02 PM by RobertVincent

The original US Default Doomsday Clock has been updated to the US Budget Doomsday Clock. While the United States is no longer in danger of a default on its obligations, it is under economic threat due to "beast-starving" budget cuts and artificial revenue limitations imposed by Congress.

A supercommittee from both parties has been established to identify more than $1.5 Trillion in cuts that can win congressional approval. If they do not reach an agreement by November 23, then a series of across-the-board cuts will be made. Even if an agreement has been reached by then, the committee would have until December 23 to get the proposals to pass.

Here is a link to the updated application:

http://www.robertvincent3.com/page/Apps.aspx

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