Skip to comments.The President’s “balanced” misdirection
Posted on 09/20/2011 10:48:47 AM PDT by PhxRising
The President argues that balance between spending cuts and tax increases is good. He further argues that he achieves this desired balance by both cutting spending and raising taxes. I think balance between spending cuts and tax increases is a negotiating concept rather than an objective measure of equity. It defines fair as each of the negotiating parties has to accept things they dont like. Thats a relativist concept based on how one defines what one likes or will accept. Further, the Presidents definition of shared sacrifice exempts the largest entitlement spending program (Social Security), his biggest legislative achievement (the new health entitlement created two years ago), and tax increases for more than 99% of the population. That is an odd definition of shared.
Thanks to the help of a budget expert friend, Im going to strip out the optical gimmicks from the Presidents proposal and show you the new fiscal policy changes he is actually proposing. All numbers below are 10-year totals (in billions of $) from OMBs new document released today. I put spending cuts in quotes because theyre really reductions in the rate of spending growth.
(Excerpt) Read more at keithhennessey.com ...
"You all know the okey-doke, when someone's trying to bamboozle you, when they're trying to hoodwink you."
Barack Obama, March 11, 2008
Gezz he has to go.
Only a mind-numb media sycophant can calculate any cuts with an ever increasing National Debt. Obama is a lying swine and the media are the Demonic-rats complicit enablers.
Americans must elect Republicans if for no other reason the media hounds them like criminals, reporting any action that anyone in any part of the world my find offensive.
Republicans are forced to meet a higher standard, while the Demonic-rats only standard is their ability to win the next election.
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