"Thus, in backroom negotiations recently, the administration offered roughly $1 trillion in phony savings—mostly money that would never have been spent in Iraq and Afghanistan over the next 10 years anyway, along with $500 billion in interest savings on the trillion. It has also offered another supposed trillion in domestic and entitlement savings, but with cuts starting in 2014 and unlikely ever to be realized.
If the administration's spending cuts are mostly fake, its desire for tax increases is not. While the proposals are constantly shifting, you can be sure the president is looking to grab big chunks of cash from lots of people (and small businesses) who make less than a million a year."
If the administration's spending cuts are mostly fake, its desire for tax increases is not. While the proposals are constantly shifting, you can be sure the president is looking to grab big chunks of cash from lots of people (and small businesses) who make less than a million a year."
Right on, brother Karl!
I'll say it again people. Phony cuts and deferred cuts in exchange for immediate real tax increases is not a deal worth having.
Score one for the wombats, eh Tyler?
And remember how easily 38 billion turns into 353 million.
ReplyDeleteAdd Pat Buchanan to your list of allies.
ReplyDeletehttp://www.realclearpolitics.com/articles/2011/07/08/an_establishment_in_panic_110501.html