Analysis

Newly Passed Budget Control Act Cuts the Federal Budget Deficit

Washington, D.C–(ENEWSPF)–August 3, 2011.  There is a lot to dislike about the debt deal passed by Congress and signed into law by President Barack Obama yesterday. Criticize it for being completely skewed toward radical right-wing priorities. Point out that it forces draconian cuts to some very important public investments, services, and programs. Complain that it does absolutely nothing for job creation, and in fact will actually cost jobs. Say all of that and more. But don’t say that the deal doesn’t have much deficit reduction.

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