Evening News: Dancing In The Streets – NOT!

Apparently Reid has signed off on a deal, with no revenues mentioned but spending cuts divided between defense and domestic programs. Medicaid and Social Security would be exempted, but Medicare would be cut. Enforcement is by trigger based on future cuts. Republicans are already trying to weasel out of defense cuts. Nancy Pelosi says “We all may not be able to support it. And maybe none of us will be able to support it.”

This may pass, and it may even avert default, but in the long run I doubt seriously this will work. And in the short run it wreaks terrifying havoc on the lives of millions of Americans. Good job, Congress!

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