The Truth Behind "The Deal"
by: Les Carpenter Rational Nation USA Birthplace of Independent Consevatism Liberty -vs- Tyranny After what seemed a never ending fiasco {debate} over raising the debt ceiling and deficit reduction {spending cuts} the Congress and the President produced results that could allow both sides to claim a win. Well a partial win anyway. And the United States triple A rating was lowered to double A plus. A downgrade that will cost the tax payers of the nation in future years. So what is the actual reality behind all the hoopla? From Bankrupting America : The months-long debt ceiling debate ended abruptly and just in time as Congress reached an agreement to raise the limit and cut nearly $1 trillion in spending. But is it really fair to call those spending reductions cuts? A closer look at the numbers reveals that the agreement doesn’t actually cut spending from current levels, but merely slows the rate at which spending increases. Check out our latest infographic below where w...