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A local financial advisor has an interesting take on Monday's big announcement from Standard and Poor's, the powerful financial services agency said its downgrading its outlook on U.S. debt. Bill Valentine says this could be a wake up call for politicians to cut entitlements and other big government programs. Bill Valentine with Valentine Ventures in Bend says this is not the tipping point for the U.S. Economy, but it's definitely a good wake up call: “Exactly, there’s no way out of our problem that doesn’t involve politicians upsetting large numbers of people. There’s no group that can be spared. There’s no way, uh, we’ve kicked this can down the road as far as it’s going to go; give or take 3-5 more years. At some point, our political representatives will say- ‘You know what, at this point, the risk of upsetting people, by not doing anything, is greater than upsetting people by making the changes.” An actual debt downgrade would raise the cost of interest payments for the U.S. government, as well as raise borrowing costs for U.S. consumers and corporations. Higher rates would have a crushing effect on the debt-laden U.S. economy. 

 

 

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Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.