"So if spending goes up by 10%, we’re reducing your salary by 10%"
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- Over the years,” Obama told the White House press corps, “I’ve signed into law about $1.4 trillion in spending cuts.” That may be news to most Americans, who see the federal government on track for a fifth straight year of trillion-dollar deficits under Obama. As these deficits show, Obama hasn’t done anything to bring the government in line with its revenues. In the FY2009 budget that Democrats kept out of Bush’s hands and which Obama approved in a final omnibus bill in March 2009, Bush proposed a spending level of $3.1 trillion, but Washington ended up spending $3.5 trillion instead, thanks in large part to the economic crisis.
That level of spending hasn’t abated. In fact, it has increased. The budget submitted by Obama in early 2012 for FY2013 proposed $3.8 trillion in new spending, an increase of 31 percent over the final Bush-Democratic Congress budget, and a 9 percent increase over the budget Obama signed two months into his term. So where exactly has spending been “cut”?Jan 17, 2013
- The sooner Americans realize Obama is determined to collapse the US capitalist system and reinvent it in his ideal order, the sooner impeachment proceedings can begin. Then, all we have to do is figure out what to do with Biden....Jan 17, 2013
- If spending goes up 10 percent then the federal payroll ought to be cut by 10 percent.Jan 17, 2013