Limbaugh: Latest Debt Deal–$1.2 Triilion in Cuts, No New Revenues

20110725-123535.jpg

On his top rated radio program, Rush Limbaugh announced the latest debt ceiling deal includes the following:

$1.2 trillion in cuts.
Debt ceiling raised $1 trillion.
No new revenues.
No defense budget cuts.
Congress appoints 12 member panel which would determine what to cut and when.
Congress would then vote on these recommendations.
This deal would expire April 2012

Limbaugh said he received a call from Speaker of the House John Boehner, who gave the deal’s framework.

Boehner stated President Barack Obama is not involved in these negotiations.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s