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Why Obama Won Debt Deal by CRAIGCRAWFORD on JULY 31, 2011 · 91 COMMENTS · in ALL POSTS The President got what he most wanted, postponing another debt ceiling fight until after the election and without politically damaging entitlement cuts. Everything else is eye wash. Most of the spending cuts are in the out years, which is another way of saying it won't happen. And one more committee to study cuts? Oh please, even if they call it a "super" committee that's always a Capitol Hill euphemism for doing nothing. Adding so-called triggers for cuts if goals aren't met also means nothing. Remember Gramm-Rudman? Giving up tax increases on the wealthy is probably Obama's biggest concession, but that fight lives for another day when the Bush cuts are scheduled to expire later on.

Includes videos of debate between Senators Rockefeller and Bingham over how much of a premium dollar should be used to pay for healthcare; discussions of Inginex fraud; debate over unwarranted subsidies given to health insurers; lack of federal oversight of insurers; etc.

Senator Leahy, Chairman of the Senate Judiciary Committee said, "Last year, I opposed legislation that stripped Americans of their right to seek accountability for the Bush administration's decision to illegally wiretap American citizens without a warrant. Today, I am pleased to join Senator Dodd to introduce the Retroactive Immunity Repeal Act. We can strengthen national security while protecting Americans' privacy and civil liberties. Restoring Americans' access to the courts is the first step toward bringing some measure of accountability for the Bush-Cheney administration's decision to conduct warrantless surveillance in violation of our laws."

Agenda: Developments in Financial Markets and the Federal Reserve's Balance Sheet , Term Asset-Backed Securities Loan Facility (TALF), Overall Economy and Consumer Spending, Federal Funds Rate and Unexpected Declines, LIBOR, Broad Stock Price Indices,

"In his 2010 State of the Union address, President Obama called for a "non-security" discretionary spending freeze to help bring down the deficit. "

Glenn Greenwald - Salon.com