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"According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.

When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts—cuts that never ultimately came—they did so at ratios of 3:1 and 2:1."


Not to worry...the debt ceiling is coming up, and the 'reality factor' of the world financial community is ahead.

If this is the 'best deal', expect the value of your dollar to keep plummeting, until the world community decides the US is 'Greece' and reacts accordingly.

I"m sorry for your kids and grandkids. They've just been doomed by Obama's failure to actually address the time bomb deficit and debt.

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