Understand that he is talking about making 2 trillion in cuts. WOW -- right??
Hold off on the cheering for a moment.
That is 2 trillion in spending "cuts" over the course of the next ten years. Who is to say if these are cuts to programs or cuts to "in the rate of spending increases." That is the Democrat (and probably Republican) trick in past years. Know that the latter is not a cut in spending at all.
Secondly, Obama is talking about "2 trillion" over the same course in time that he and those who follow his time in office, will be spending $15 trillion more than we take in . . . . we call this "added debt." So, he is feeding us a line when he pretends to be balancing the budget or doing anything substantial with regard to the national debt.
Also know that his "cuts" begin years into the future, but the tax increases begin now. Understand that while the legislation for these tax increases may take a year or two to implement, "now" means that small business will immediately begin to react to any announced tax deal.
Finally, as far as taxing the rich is concerned, that will account for less than 8 - 10 % of our annual debt. You might call that a solution, I do not. Understand that we add $30.7 billion a week to our national debt. Next time you hear some numbers coming from congress or from this clown in our White House, do the math . . . . . . and stop saying "WOW !!!"
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