Obama Congress reach a debt deal

[Canceled2]

WASHINGTON (AP) — Ending a perilous stalemate, President Barack Obama announced agreement Sunday night with Republican congressional leaders on a compromise to avoid the nation's first-ever financial default. The deal would cut more than $2 trillion from federal spending over a decade.

Link

 

[Guns Guns Guns]

Krugman says the deal sucks and accuses Obama of caving to Teabagger blackmail:

http://www.nytimes.com/2011/08/01/opinion/the-president-surrenders-on-debt-ceiling.html?_r=1

 

[Stallion]

I will believe the 2 trillion dollars in cuts when I see them.

 

[Canceled2]

Of further interest

From Reuters

 

[Canceled2]

I will believe the 2 trillion dollars in cuts when I see them.

It's actually 2.5 and the newest link claims that Standard and Poor wanted 4 trillion to avoid a triple AAA downgrade

 

[Stallion]

It's actually 2.5 and the newest link claims that Standard and Poor wanted 4 trillion to avoid a triple AAA downgrade

That is interesting. But didn't President Obama and liberals claim hundreds of million in cuts or something like that and in reality it was only around 30 million? Or maybe it is billions.