PHOTO OF THE YEAR - Mt. Debtmore, USA

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We didn't get a deal to cut spending.  We got a deal to INCREASE spending by $7 Trillion over the next 10 years, instead of $9.5 Trillion.

Spending Increase Deal Passes House

WASHINGTON (AP) — The House has passed legislation designed to keep the government from defaulting on its debts. The measure also sets a course for reducing the federal deficit in the future.

The Senate, where support is stronger, is expected to take up the bill on Tuesday, the deadline for Congress to act before the government loses its ability to pay all its bills.

The 269-161 vote in the House came after Republican leaders spent the day urging recalcitrant conservatives to support the bill.

The bill would raise the debt ceiling by more than $2 trillion and cut federal spending by a similar amount over the next decade. A special congressional committee would be set up to consider entitlement and tax changes.

Comments

[LiberatedCitizen]

Is Real U.S. Debt Figure $211T -- not $14.3T?

http://abcnews.go.com/Business/debt-deal-reached-us-fiscal-woes-worse/story?id=14189343

Very little attention is being given to the Super Congress portion of this bill so heads up

Congress to decide whether Super Congress could impose gun control

http://gunowners.org/a08012011.htm

Gerald Celente: “Economic Martial Law Will Be Declared”

http://www.shtfplan.com/gerald-celente/gerald-celente-economic-martial-law-will-be-declared_08012011

On Your Mark, Get Set, (Bank) Run! The Dominos of Serial Lehman 2.0 (x 4) In The EU Are Falling Into Place At A Quickening Pace

http://boombustblog.com/BoomBustBlog/On-Your-Mark-Get-Set-Bank-Run-The-Dominoes-of-Serial-Lehman-2.0-x-4-In-The-EU-Are-Falling-Into-Pace-At-A-Quickening-Pace.html

[doodaa]

S.O.S.=same'ole's#t!! Just kick the can down the road and let someone else pick it up. Meanwhile, "I"(WE)' have a taxpayer credit card!!!!!!WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE...........................let's make more war.......................whooohooo!!!!

[Me]

Out of curiosity, how long until they max out the new debt ceiling? Are there any reliable forecasts as to how long it will take them to spend another $2T & this whole process repeats itself?

[john]

I wonder if 'super congress' will get capes like these guys did?

http://kmmsam.com/unemployed-in-florida-you-get-a-super-hero-cape/

[Arminius]

The last setence says it all....

"A special congressional committee would be set up to consider entitlement and tax changes"

Which means they will reduce entitlements and raise or create new taxes.

Revolution is the Solution!

[Krannie]

I don't get it - are the praying?

[DailyBail]

Out of curiosity, how long until they max out the new debt ceiling? Are there any reliable forecasts as to how long it will take them to spend another $2T & this whole process repeats itself?

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16 months. Just after the 2012 elections.

[DailyBail]

I don't get it - are they praying?

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Nope they are mooning the American people, with their heads stuck in the ground, showing that they are asses.

["Texas Dar"]

Congress to decide whether Super Congress could impose gun control

I hear this bunch of Sh*t He*ds will be able to do what ever they want and nobody can chalange them.....Like the C-Zars they answer to Obama only.

They have no rules to follow. Just what we need. A bunch more little Obamas distroying our country........

[Texas Dar]

******* Dont Forget "Snortin-Nancy" lookin over thAre Ass'es ************ Maby thats the first time she has seen a "Pol-La-Tict-Ion's" Ass before..................Kinda scares her at first sight...?