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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: tom pope who wrote (154669)7/31/2011 9:35:04 PM
From: CusterInvestor4 Recommendations  Read Replies (1) of 206099
 
$2 trillion in long-term spending cuts.

Current deficit is 14 trillion, more or less, right?

And current expenditures still exceed revenues, so we are still increasing the debt.

So how does 2 trillion in long term (meaning they'll cut later, just not right now) spending cuts help reduce the current 14 trillion (and growing) deficit?

I suppose they have to start somewhere but I just don't see how this accomplishes much.

More kicking the can..............
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