Grading the deficit-reduction plan

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November 12, 2010 EXPOSED: Mainstream medicine's deadliest conspiracy Can you believe this video? It's a phenomenon. In fact, it's been sent to more than 519,000 people in just the first 24 hours! But you might not see it at all. Why? Because, for the first time, mainstream medicine's deadliest conspiracy has been EXPOSED. Finally, this video is the 'shot heard around the world' the establishment prayed would never come. To be honest, I'm not sure how long this video will be available. There are powerful interests hell-bent on minimizing the damage it is doing to corporate medicine's profit machine. Before it's banned, watch it here. Grading the Deficit Commission: Although New Proposal Cuts Billions in Federal Spending, The Shortfall Remains [Editor's Note: For the full details of the Deficit Commission proposal - including the economic implications and insights into the political backlash it created - check out a related story in today's issue of Money Morning.] By Martin Hutchinson, Contributing Editor, Money Morning The two leaders of U.S. President Barack Obama's Deficit Commission Wednesday produced a proposal for deficit cuts that slaughtered a lot of budgetary "sacred cows" and cut $3.8 trillion off the deficit over the next 10 years. And the cuts were even made in just the right ratio – with $3 of spending cuts for every $1 of tax increases. But if there was ever a proposal that exemplified that saying "the devil is in the details," this surely is it – for everyone will find something in here that they hate. Let's take a look at the bits that I hate – after which I'll point out the proposal's strong points, before giving the commission leaders my final grade for their work. To fully understand the proposal's strengths – and weaknesses – please read on... The 7 energy game-changers "they" don't see coming Bloggers, analysts, and the Big Media's talking heads don't have a clue about the seven impending "super shifts" that'll change the global energy game forever... And Wall Street doesn't have a clue about the handful of companies that have the potential to soar as much as 2,505% in the next 13 months as these shifts begin. But one man knows all about these things: 35-year energy insider Dr. Kent Moors. Here's his FREE Special Report on the seven energy game-changers that are already beginning - and the companies that could pay you up to 25 times your money as they kick into high gear... Deficit Reduction Plan Promises Painful Prescription For U.S. By Don Miller, Associate Editor, Money Morning A bipartisan White House commission this week announced a sweeping proposal to slash the federal deficit by hundreds of billions of dollars a year by taking aim at virtually every sacrosanct area of U.S tax and spending policy, including Social Security and Medicare, middle-class tax breaks and defense spending. But while the proposal has enough teeth to put a real dent in the mushrooming deficit, the political reality is that it has virtually no chance of passing through a divided Congress without major changes. "Mathematically it apparently works...[but] politcally, it is going to have a lot of trouble getting support from more than just the two co-chairs," Stan Collender, a former Democratic House and Senate budget analyst and managing director of Qorvis Communications in Washington told Bloomberg News. Read full story... Money Morning Mailbag We'd like to hear from you! If you have an idea that amplifies something you've read in Money Morning, send it to us here to share: mailbag@moneymappress.com. "ALL BRANCHES... of our government ARE IN BUSINESS with Wall Street..." from Money Morning Reader, T.S. Money Morning Mailbag: Mortgage Rates Slip But U.S. Housing Market Still Unfriendly for Some Seeking Refinancing By Kerri Shannon, Associate Editor, Money Morning U.S. mortgage rates dropped to a record low this week as the U.S. Federal Reserve started its second round of quantitative easing (QE2). The 30-year fixed loan rate fell to 4.17% from 4.24%, Freddie Mac (OTC: FMCC) said yesterday (Thursday). The average 15-year rate fell to 3.57% from 3.63%. Lower rates pushed up refinancing applications by 6%, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending Nov. 5. The refinancing gauge has more than doubled since the beginning of 2010. Read full story... 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Investor Reports November 6, 2010 Platinum: How to Profit From the Metal That's More Precious Than Gold October 30, 2010 Investing in Cotton: Profit From the New "King" of the Commodities Sector October 23, 2010 How to Profit From Europe's Stealthy Resurgence October 16, 2010 Classic Cons: 10 Financial Scams Fair-Minded Investors Should Avoid The Publisher's Series Why Gold Beats the Market Manipulators - Free Report Featured Columns from MoneyMorning.com Buy, Sell, or Hold November 8, 2010 Buy, Sell or Hold: With $44 Billion in Cash and a Focus on Shareholder Value, It's Time to Buy Microsoft Corp. (Nasdaq: MSFT) Hot Stocks October 26, 2010 Hot Stocks: Ford Motor Co. (NYSE: F) Takes Pole Position Among Automakers Jon Markman November 7, 2010 Stock Market Faces Critical Test This Week Outlook 2010 July 20, 2010 Money Morning Mid-Year Forecast: Why China's Economy Will Exceed Expectations in the Second Half of 2010 Of Special Note: Keith Fitz-Gerald on: Gold: You may not be making as much as you think... Martin Hutchinson on: Can U.S. bank stocks double again in 2010? Shah Gilani on: How the government is creating a second subprime mortgage bubble

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