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-- the debt ceiling will be raised;
-- real negotiations will begin once it's done;
-- for starters, slashing $3 trillion in entitlements is a done deal;
-- October 1 is the next deadline, the start of FY 2012; at issue is passing next year's budget, including cuts;
-- expect the retirement age to be raised to 70 as well as sharply reduced disability benefits;
-- Medicare recipients will absorb all future cost increases, including Part B (raised to double the current level) and higher Part D deductibles; "(t)hat way Obama can say he never 'cut' Medicare," yet, in fact, slash "$200 - $400 billion a year for the next decade;"
-- Republicans will agree to token tax cuts, closing loopholes easily offset by agreeing to overhaul the tax code favoring corporations; specifically, the top corporate rate will be cut from 35% to 20%, though gaming the system lets many corporations pay minimal taxes or get rebates despite being profitable;
-- "lowering rates for foreign profits (will) placate multinational" firms;
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