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July 25, 2011

Corporate Earnings Soar as Social Services Face Funding Cuts 
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While lawmakers are threatening to cut funding for Social Security,
Medicare and Medicaid in discussions about the federal deficit plan,
corporate profits continue to rise. Caterpillar's second-quarter
earnings shot up 44 percent to $1 billion. General Electric's
second-quarter earnings were up 21 percent to $3.75 billion. And Mc
Donald's quarterly earnings increased 15 percent to $1.4 billion.



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