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Wednesday, August 3, 2011

Federal Government set to cut budgets by $2trillion

Washington's Debt Solution Depicted Above
     Congress has come to an agreement to raise the debt ceiling, but with one stipulation. They have to stop the insane spending and cut the federal budgets...Washington, (FYI) just because you have checks does not mean you have money, and printing presses are not supposed to be a bailout machine for failure. 
     The new congressional committee will have their hands full as they reassess and begin cutting the budget. These budget cuts will affect a vast amount of Americans  in some way but long term  (in the next five-ten years) it could save our economy from total collapse. These cuts should have been made decades ago, but nobody thought we would ever get to this point financially. Trillions of dollars deeper in debt later, Washington finally wakes up...kind of, sort of.

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