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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (40512)	7/31/2011 1:13:01 PM
From: John	Read Replies (1) of 71474

Compromise Debt Deal in Sight online.wsj.com excerpt: To get through 2012, Congress would form a special committee made up of an equal number of Democrats and Republicans to negotiate up to $2 trillion in additional cuts as part of a package containing a further debt-ceiling increase. A House Republican leadership aide cautioned that a deal wasn't yet in hand. "Discussions are moving in the right direction, but serious issues remain. And no agreement will be final until members have a chance to weigh in," the aide said The targets for savings appeared to remain subject to negotiation. Earlier proposals by legislative leaders were aiming for a total of between $2 trillion and $3 trillion total in savings over the next decade. Mr. McConnell on Sunday said he sees a $3 trillion deal. --- The CBO is forecasting 46.055 trillion clownbucks in total federal outlays between 2012 and 2021 (10 years). [1] Yet some in Congress are now doing backflips over using slight-of-hand tactics to trim a paltry 6.5 percent from that, which doesn't even manage to cut the projected 10-year deficit of $7 trillion in half. What the hell? U.S. taxpayers are phucked ten ways from Sunday. -ng- 1. cbo.gov

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