Godlike Productions - Conspiracy Forum
Users Online Now: 1,819 (Who's On?)Visitors Today: 130,610
Pageviews Today: 170,636Threads Today: 31Posts Today: 671
01:10 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Obama's Big Payback to Wall Street

 
Anonymous Coward
User ID: 1464776
United States
08/02/2011 03:24 PM
Report Abusive Post
Report Copyright Violation
Obama's Big Payback to Wall Street
Is Obama's debt ceiling agreement the worst deal in US history?

Probably. But not for the reasons that are presently being discussed in the media. What makes the deal such an unmitigated disaster is that it strips congress of its Constitutional authority to control the nation's purse-strings. That authority will be handed over to a bipartisan committee that will decide how to slash $1.5 trillion from the budget in order to reduce the deficits. But, since the committee will be evenly comprised of Republicans and Democrats, there's bound to be disagreement about what programs should be cut. This is all by design, because if the committee is unable to decide where the cutbacks should be, then the decision will be made for them via an "enforcement mechanism" that will require across-the-board spending cuts.


more

[link to counterpunch.org]

lol just posted this to show that now even the liberal's are starting to understand the banks own obama more about that here

[link to dailybail.com]
Anonymous Coward (OP)
User ID: 1464776
United States
08/02/2011 03:25 PM
Report Abusive Post
Report Copyright Violation
Re: Obama's Big Payback to Wall Street
Have The Left Wheels Come Off the Obama Train?

[link to www.noquarterusa.net]

News