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Debt Deal: ”It’s like Curing a Drunk with Vodka”

By David Lawder Reuters August 1, 2011 The tentative deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup. The plan for $2.4 trillion in spending cuts over a decade, if backed by lawmakers, would help lift some of the uncertainty that ...Read full article...

Could the Debt ceiling be a ’cause’ for Power Grab?

Government does not need ideas to become more tyrannical. In fact, this is a scenario government has thought about already. by Tyler Durden Zero Hedge July 31, 2011 Politico’s Ben White has pointed out something interesting, namely that while the 14th Amendment may or may not be practical under the current situation (especially not without a full blown constitutional crisis), one potential loophole that Obama may have comes from ...Read full article...