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Story Archives: A fraud if there ever was one
- 2013 - 340 articles
- 2012 - 856 articles
- 2011 - 635 articles
- December 2011 - 46 articles
- November 2011 - 61 articles
- October 2011 - 52 articles
- September 2011 - 49 articles
- August 2011 - 56 articles
- August 31st, 2011 (Wednesday) - 9 articles
- August 25th, 2011 (Thursday) - 3 articles
- August 24th, 2011 (Wednesday) - 10 articles
- August 19th, 2011 (Friday) - 1 articles
- August 18th, 2011 (Thursday) - 5 articles
- August 17th, 2011 (Wednesday) - 9 articles
- August 11th, 2011 (Thursday) - 4 articles
- August 10th, 2011 (Wednesday) - 5 articles
- August 4th, 2011 (Thursday) - 3 articles
- August 3rd, 2011 (Wednesday) - 7 articles
- July 2011 - 51 articles
- June 2011 - 73 articles
- May 2011 - 47 articles
- April 2011 - 45 articles
- March 2011 - 53 articles
- February 2011 - 57 articles
- January 2011 - 45 articles
- 2010 - 1276 articles
- 2009 - 1591 articles
- 2008 - 1763 articles
|A fraud if there ever was one|
]Some independent observers of the political process in Washington say the Budget Act of 2011 represents a positive step in the right direction because it marks the beginning of an era of austerity on Capitol Hill.
Others – particularly Tea Party conservatives – say the budget act doesn't go far enough.
Make no mistake, the Budget Act of 2011, which the Congress hashed out over the weekend and President Obama signed into law Tuesday, is a fraud from head to toe.
Let us remember that we arrived at this unfortunate fork in the road of having to digest a half-hearted stab at controlling government spending because the government – namely the Congress – has spent too much money for decades. Deficits have accumulated, creating a situation in which Uncle Sam was no longer in a position to borrow more money to pay the government's bills unless the Congress signed off on raising the nation's debt limit by Aug. 2.
The government's accumulated deficit totals more than $14 trillion. The Budget Act allows the U.S. Treasury to accrue another $2 trillion in debt over the next 10 years – supposedly.
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