Monday, August 1, 2011

The Four Big Problems With -- And Four Silver Linings Around -- The Debt Limit Deal | TPMDC

The Four Big Problems With -- And Four Silver Linings Around -- The Debt Limit Deal | TPMDC: "Progressives are furious. Conservatives are somewhat less furious. And for the most part all anybody knows about the budget plan is that it cuts a lot of spending over 10 years, and includes no guarantees that anybody -- particularly the well-off -- will pay more in taxes. Thus, the anger: after huge tax cuts for the rich, two unfunded wars, and a financial crisis triggered by Wall Street greed exploded budget deficits, the people asked to narrow the gap are overwhelmingly regular folks.

All of this while the economy is still reeling. It might not be as bad as this, but there's certainly a lot missing here.

So with that background in mind, here are the four worst problems with, and four silver linings around the debt limit deal."

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