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All that really happened over the weekend was they agreed to talk about the issue of what to do about out of control government spending. The relatively small reductions do nothing to really cut spending. At $3 trillion, or even $4 trillion, all they do is slow the increase. When rates rise again to more normal levels a big piece of the “savings” goes away. The rate of spending vs GDP is not changed by this. We need true reductions, and an improved economy which will drive much more revenue, and an end to the absurd tax system which has become a tangle of confusion and special breaks built up over the years by various members in Congress who were trying to get campaign contributions-read that payoffs- for doing a favor, whether for a specific company or a specific group favored by the left. There is nothing fair about a system where 47% of the people pay zero tax, and the top 10% pay most of the cost of running the government to the benefit of that 47%.  

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