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Obama´s Sequester Math:
$300 Billion In New Revenues
Called ´Spending Cuts´

Investor´s Business Daily, by IBD Staff

Original Article

Posted By:RustMB, 3/1/2013 7:16:20 AM

Budget: When President Obama put out his "balanced" plan to avoid the automatic sequester cuts, no one noticed. Which is probably just as well for Obama, given how embarrassingly unbalanced it is. [snip] Last week, New York Times columnist David Brooks wrote about how Obama "hasn´t actually come up with a proposal to avert sequestration, let alone one that is politically plausible." Turns out, Obama did have one, although Brooks can be excused for not knowing it, since the administration hasn´t exactly been promoting this so-called plan.

      


Post Reply  

Reply 1 - Posted by: sgtfox of the jarhead clan, 3/1/2013 7:22:03 AM     (No. 9202151)

Math is obviously not Obama´s strong point. Still, whoever paid for his education certainly got a good return on their investment.

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Reply 2 - Posted by: OhMy, 3/1/2013 8:58:20 AM     (No. 9202350)

This is not a matter of math but a mutilation of the language where tax breaks are called spending. It all grows out of the assumption that everything belongs to the government by default and if the govt leaves anything to the citizens that is spending. In this mindset all government spending benefits the population! Working people who are not yet dependent on the government ( millionaires and billionaires ) are wrong if they think they built something of value and greedy if they don´t want to give it all ( their fair share ) to the government ( Obama ) . They are the ones who are to blame if Obama cannot find enough money for the government to solve all problems.

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Reply 3 - Posted by: MattMusson, 3/1/2013 9:00:16 AM     (No. 9202355)

If I need to trim my budget - I drop HBO.

If the govt needs to trim their budget - they ADD HBO - but don´t get Cinemax.

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Reply 4 - Posted by: chicodon, 3/1/2013 9:32:31 AM     (No. 9202425)

There was approximately 1.16 trillion dollars in circulation as of February 6, 2013. To a Democrat, this entire sum is potential revenue. Therefore taxation of anything less than that is considered lost revenue. The same logic applies to spending.

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Reply 5 - Posted by: kanphil, 3/1/2013 9:57:44 AM     (No. 9202477)

It´s all part of the Kabuki dance that the crooks in Washington use to try to fool the American people. Beware, you crooked politicians! The American people are wising up.

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