[lbo-talk] The deal...

[// ravi]

On Jul 31, 2011, at 9:35 PM, Doug Henwood wrote:
> On Jul 31, 2011, at 9:12 PM, // ravi wrote:
> <snip happens>
> Funny thing about this is that it's all reversible. There's no way to bind a future Congress.

I was just going to ask that myself… but the $900 billion cuts over 10 years: is there a simultaneous budget being passed (along with raising the debt ceiling) that will bind the share of this cut for 2011? What are these cuts relative to? The 2010 budget? If so, won’t some savings come naturally anyway, when TARP, QE or what have you are put to rest?

	—ravi