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  • deadpainting deadpainting Aug 2, 2013 12:12 PM Flag

    the Budget Control Act of 2011

     

    Budget Control Act
    On August 2, 2011, the Budget Control Act of 2011 (BCA) (P.L. 112-25) became public law. While the bill allowed
    the debt ceiling to be increased up to $2.8 trillion, it also include provisions to reduce the deficit by $2.3 trillion
    over 10 years. The BCA aims to reduce the deficit by $2.3 trillion over 10 years

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    • Any way that government spending is reduced is a good thing, but most so-called spending cuts are just a lot of hog wash. They cut stuff in future years but then when those cuts are about to occur, Congress restores the spending level, so nothing ever gets cut.

 
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