Read this on the Web at http://patriotpost.us/edition/2011/08/03/chronicle/ Subscribe to The Patriot Post — It's Right and It's FREE: click here . Chronicle · August 3, 2011 The Foundation "No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt." --George Washington Editorial Exegesis "After months of talk about the nation's runaway debt, lawmakers managed to agree on a plan that, at most, will cut spending by a mere 5%. Is it any wonder federal spending is out of control? ... According to IBD's analysis of available budget numbers, the deal's $2.4 trillion in 10-year cuts amounts to a mere 5% trim off total projec...