The big news of the morning is expected to come around noon when the Senate votes on the Debt Ceiling Compromise,, as soon as that happens, I'll post the details here
The Bill Passed the House last 269 to 161--62 Republicans, and 95 Democrats voted against it.. Leaving Obama Supporters howling that the President had caved, and TEA Partiers suggesting strongly Speaker of the House John Boehner might be happier in another line of work.
The truth of the matter is there are no cuts.. Congress will simply cut back on the amount it had planned on increasing spending... If they don't change the law, as soon as it becomes inconvenient to follow it.. It set up a Super Congress, a Committee will decide about cuts, and taxes, with no input from the Public or even Members of Congress... Years ago a first aid instructor told me the purpose of first aid was to stabilize the patient and keep things from getting worse, until Professional Medical Assistance could be obtained. Congress didn't try and solve the problem, they figured a little first aid would get them past the next election.
Here's the short version of what happened
Here's the solution
Not Music I'd normally listen too, but the line about
"Big piles of money, all shovel ready"
made me chuckle a bit.