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´Obama´s "Plan" Adds
$8.6 Trillion to the Debt´

Weekly Standard, by Daniel Halper

Original Article

Posted By:KarenJ1, 12/13/2012 10:44:49 AM

"President Obama´s ´Plan´ Adds $8.6 Trillion to the Debt," the minority side of the Senate Budget Committee contends. Here´s a chart put together by the Republicans on the committee to explain how Obama´s plan adds to the debt: The $400 billion in deficit reduction would be achieved by a $1.6 trillion tax hike, which Obama has proposed as part of the "fiscal cliff" deal. With Obama´s latest plan, debt in 2022 is expected to be $25.4 trillion; otherwise, in ten years, it is expected to be $25.8 trillion. "With the adoption of the Budget Control Act

Comments:
It is unbearable feeling so helpless as 0bama the master of destruction continues to destroy us. His behavior is absolutely criminal.

      


Post Reply  

Reply 1 - Posted by: OdinsAcolyte, 12/13/2012 10:51:39 AM     (No. 9063364)

Money is just an idea. Obviously.

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Reply 2 - Posted by: noproblems, 12/13/2012 10:53:54 AM     (No. 9063369)

I have been advocating that our country needs a new political party based upon honor and integrity, and also based upon bringing power back to the states. If this article does not convince Ldotters then I guess nothing will.

All that we need is a name for this party. Name should be based upon the concept of saving the future for our children and grandchildren.

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Reply 3 - Posted by: PoliticalJunky, 12/13/2012 12:14:29 PM     (No. 9063561)

People are so nonchalant about owing trillions that I can´t believe they know how much a trillion is. One trillion is one million millions. Has anyone explained that to the under educated? I haven´t heard it.

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Reply 4 - Posted by: wsdiego, 12/13/2012 12:32:08 PM     (No. 9063593)

Today the 1980´s dollar is worth .20 cents! What will the 2016 dollar be worth? Not for savers! Saving for a house or car is impossible!

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Reply 5 - Posted by: enuf8, 12/13/2012 12:49:38 PM     (No. 9063639)

Taxing and spending is all this community organizer/agitator knows. Oh, forgot, campaigning!

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Reply 6 - Posted by: Ranger Applejack Dawson, 12/13/2012 5:27:29 PM     (No. 9064119)

The debt in 2022 WILL NOT be $25.4 Trillion.

The dollar will no longer be around by then - it will be hyper-inflated out of existence before the end of the 2nd Obama Administration.

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Reply 7 - Posted by: hamrman, 12/13/2012 7:14:41 PM     (No. 9064280)

That is not a plan, that is a disaster!!!

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