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Daily Archives: July 22, 2012

The Coming Sequestration is a Profile in Cowardice

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In August of 2011, Congress fought a very public battle, engineered by the White House, leading to a budget deal that raised the debt ceiling while creating a bi-partisan Congressional debt reduction Supercommittee charged with finding 1.2 trillion in spending cuts by Thanksgiving 2011. The “Not-so-Supercommittee” failed to agree on any cuts, even though the … Continue reading »

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Categories: Economics, federal spending | Tags: , , | Leave a comment