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With only $21B to be slashed from a fiscal 2012 budget of $3.7T, analysts generally think the debt deal will have little near-term impact on a U.S. economy still dealing with high unemployment and weak consumer spending. However, RDQ Economics' John Ryding bemoans the fact that no major tax or entitlement reform accompanied the deal.

With only $21B to be slashed from a fiscal 2012 budget of $3.7T, analysts generally think the debt deal will have little near-term impact on a U.S. economy still dealing with high unemployment and weak consumer spending. However, RDQ Economics' John Ryding bemoans the fact that no major tax or entitlement reform accompanied the deal. 1 comment!
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