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July 29, 2011

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harp refi

From my point-of-view what happened was an enormous and bogus media campaign getting people worked up about something an then an illusion that something had been done. This deal does absolutely nothing to address the enormous obligations under Social Security, Medicare and Medicaid. In fact the debt deal contrived precisely NOT to address these. This deal was 98% politics and 2% economics.
I agree on this; The government always takes measures for the eye of the public, not to solve the real issues!

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