HR approves debt deal. Senate votes tomorrow


http://www.bloomberg.com/news/2011-08-01/obama-debt-cap-deal-with-congress-leaders-avoids-default-vote-due-today.html

The debt deal puts all the weight on the middle class and does not solve anything. It cuts* about 2 trillion in 10 years but the government will still have to borrow about 8 trillion during the same time.

We can not have a genuine reduction of the debt without implementing the two main ingredients: Taxes and cuts.

And at this moment, it is the economy and jobs that should be a priority; not the deficit.

* Some of the cuts are not real cuts in today’s expenditures but theoretical reductions in projected future spending.

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