It is a done deal…..the president has signed the debt deal into law…..what now?

You have heard all the opinions on what will happen if we default and what will happen with the deal that has been made…….GOP says it will do this….and Dems say it will do that….and the Tea Party is just plain pissed…..but really now…how will it effect me and you….you know real people with real stake in the survival of the economy….how will it effect us mortals?

A great question and you will NOT hear an elected official that will actually tell you the truth….but rather go off onto a talking point rant or by quoting some lame political bumper sticker….so how will it effect you?

RJ Eskow of Campaign for America’s Future has written about it…….

1. You’ll be less likely to find a job if you’re looking. If you’ve got a job, you’re less likely to earn more money – and more likely to lose it.

The New York Times report of a secret agreement not to help the economy only confirms what we already knew: The President won’t aggressively push a jobs program, and the Republicans don’t intend to pass one in any case.

This is bad news if you or anyone close to you is currently unemployed — especially if you live an a hard-hit area, have been unemployed for a long time, are African American, or are older. It’s equally bad news if you’ve just graduated from college. This “grand bargain” won’t even extend your Federal unemployment insurance.

If you’re not working enough hours or haven’t seen your salary go up very much, this will hurt you too. Under-employment is also a symptom of an economy in need of stimulus, and that stimulus isn’t coming. And wages are stagnating, even for fully-employed people, too. There are several reasons for that — with high unemployment, employers don’t have to give raises to keep people. And a lot of employers are strapped, too, because they’re not making as much money as they used to.

In other words, of you’re one of the 22 to 24 million people in the country who are un- or under-employed, this deal is bad news. And if you’re one of the tens of millions of people with stagnant income, it will hurt you too.

By all means, please keep looking for a job and try not to surrender to despair. But this bill is a step backward for you.I know it’s going to be tough, and I feel for you. But hang in there and don’t give up. Join us in pressuring Washington to address unemployment. That will give you added purpose – and we sure could use the help.

2. Your housing value is likely to suffer.

The bipartisan coalition that bailed out Wall Street has agreed to exclude any help for suffering homeowners in their “grand bargain.” That means that a wave of foreclosures will continue unabated, driving down housing value, ruining millions of households, and depressing the local economy in tens of thousands of cities, towns, and neighborhoods.

The tax provisions we’ll describe in a minute are likely to make that problem even worse.

3. Your old age just got scarier.

A “chained-CPI” benefit cut will reduce Social Security by nearly ten percent by the time you’re 80 — and that’s if you retire right away. If you’re young the cuts will be even greater. Raising the retirement age is a huge benefit cut, too.

The right-wing “bipartisan” consensus isn’t willing to attack the real drivers of health care cost in this country, most of which come from our over-dependence on for-profit hospitals, insurance companies, and drug companies. That means benefit cuts are likely to be recommended by the “Super Congress” and implemented by that other body. (What should it be called from now on – the “Lesser Congress,” perhaps?)

That’s likely to mean an old age with more financial insecurity – unless this deal can be stopped, or the “Super Congress” is staffed with Democrats who believe in the higher good and not a deal for expediency’s sake.

Again, don’t despair. Join us in fighting to protect entitlement programs – or in electing politicians who will.

4. Your tax bill is likely to go way up.

You may have heard the phrase “revenue enhancement” and wondered why they don’t just say “tax increase.” Or heard the words “tax expenditure” and wondered why they didn’t just say “tax deductions.” Here’s why: The phrase “tax increase” is understood to mean raising tax rates, which would discommode the wealthy. But “revenue enhancement” also includes eliminating tax deductions that benefit the middle class but mean very little to the wealthy.

The American people are soooooo screwed……now think about what was written and then answer this question……who did the Congress actually have in mind when they passed the debt deal?  Here’s a clue if you are having problems with the question……..YOU were NEVER part of the equation!