Bowles/Simpson and The Cliff

Bowles and Simpson say the US is going off the fiscal cliff at the end of the year. Expect -1.5% GDP, $500B loss next year and $7T lost over the next decade. But who's listening? Our leaders have already borrowed over a trillion bucks this year buying the vote. Buffett can be bullish on america, I'm bullshit on the place as Obama will borrow another $6T over the next four years. So we'll have over $17T in debt by 2016.