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As Expected, US House Passes a "Debt Ceiling Increase" Bill THAT HAS NO REAL CUTS
So get this. The budget prior to these supposed "cuts" was going to rise 8% on average per year for the next TEN years. Forget the fact that each Congress is only supposed to pass spending bills that apply to its term, and forget that the supposed "cuts" were back-loaded until ten years down the line. The budget will still go up 6% a year, COMPOUNDED, and they call that a "DECREASE", a "CUT"?
Meanwhile, taxes will be raised through elimination of certain "loopholes". So the government spends MORE and takes MORE.
Anyone think the politicians have "sacrificed"?
http://hosted.ap.org/dynamic/stories/U/US_DEBT_SHOWDOWN_HOUSE_VOTE?SITE=...
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