Everything you won't read in the mainstream media about the debt deal

THERE WAS NO SPENDING CUTS!
The Boehner led House passed legislation that INCREASES spending by $8 TRILLION over the next ten years versus a baseline budget that would have increased spending by $9.5 TRILLION over the same period.

Defense and war machine spending will grow at 3% per year instead of 4% per year.

This was nothing but an agreement to agree at a later date to look for reductions in planned spending GROWTH.

CBO(Congressional Budget Office)says under this plan, the national debt will INCREASE from $14.4 TRILLION currently to more than $25 TRILLION over the next 10 years....The assumption for this above assumes the economy grows at 3% per year over the next 10 years, and that Treasury interest rates stay at historic lows. When rates increase because of the downgrade, and bet your life that they will, interest on the debt will increase and so will annual deficits, leading to a national debt much higher than the $25 TRILLION that CBO estimates.

Regarding Treasury rates and interest on the debt, get educated about an Econ concept called 'DURATION RISK.' Turbo Geithner and his MENSA bed-fellows at Treasury have chosen to finance the great majority of recent and future borrowing in short-term bills, which means that they have to be rolled over frequently. This is perhaps the least-discussed and most dangerous issue related to Treasury debt. With the downgrading this will skyrocket.

With the downgrade comes the likelihood that a Sovereign CDS default(A credit default swap) will be triggered and Global Financial Armageddon could be unleashed.

Because of the general publics ignorance of economics as practiced by the FED we have passed the tipping point where things could get very ugly very quick...If you haven't prepared to provide for your family, time is now very,VERY short....