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Political Factoid
August 2, 2011*
The Chamber-of-Commerce
Republicans got exactly
what they had thought
they wanted
... and they deserve it.
- Tax (revenue) cuts
- Spending cuts
- Demand cuts
- Sales cuts
- Stock value cuts
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The day the Republican dominated 112th
Congress of the United States voted to
raise the debt ceiling of the federal
government by means of the Budget
Control Act of 2011 on August 2, 2011.
Four days later the nation's credit
rating was downgrade to below AAA
for the first time in history.
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cf.
2670
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