White House Issues Fact Sheet on Debt Deal

http://blogs.wsj.com/washwire/2011/07/31/white-house-issues-fact-sheet-on-debt-deal/


BIPARTISAN DEBT DEAL: A WIN FOR THE ECONOMY AND BUDGET DISCIPLINE

The debt deal announced today is a victory for bipartisan compromise, for the economy and for the American people. The agreement:

· Removes the cloud of uncertainty over our economy at this critical time, by ensuring that no one will be able to use the threat of the nation’s first default now, or in only a few months, for political gain;

· Locks in a down payment on significant deficit reduction, with savings from both domestic and Pentagon spending, and is designed to protect crucial investments like aid for college students;

· Establishes a bipartisan process to seek a balanced approach to larger deficit reduction through entitlement and tax reform;

· Deploys an enforcement mechanism that gives all sides an incentive to reach bipartisan compromise on historic deficit reduction, while protecting Social Security, Medicare beneficiaries and low-income programs;

· Stays true to the President’s commitment to shared sacrifice by preventing the middle class, seniors and those who are most vulnerable from shouldering the burden of deficit reduction. The President did not agree to any entitlement reforms outside of the context of a bipartisan committee process where tax reform will be on the table and the President will insist on shared sacrifice from the most well-off and those with the most indefensible tax breaks.

Mechanics of the Debt Deal

Read the rest:
http://blogs.wsj.com/washwire/2011/07/31/white-house-issues-fact-sheet-on-debt-deal/

:rofl: yeah, right. Lost me at that line.

Seriously?

and there are still plenty of things out there to render the perception of the economy uncertain.

I called my rep last week and was told that he has already sacrificed.
He has not had a pay raise in 2 years.
And his office budget has been cut by 11% over two years. I laughed
I asked how that can be something he has given up
I was told that with pay being reduced for his workers made for a unhappy office.
And that was hard for him .......... poor baby

The people in congress just do not get it

Change, baby.