Obama wants $80B per year spending cuts and $160B per year in higher taxes
I thought to be serious about all of this we were talking about $3 in cuts for every $1 in new taxes. Even the libs here agreed that a 2 to 1 or 3 to 1 spending cuts to tax hikes as the best way to go. So we're talking at best $240B per year in cuts and additional taxes over 10 years but according to Obama's own "budgets" the deficits rise to $2T per year in 10 years. I think someone in government owes us the truth about what's going on because we aren't getting it now.
They aren't even real cuts. If the FDA has a FY2011 budget of 250M and have an annual increase of 30Million, instead they will only get 20 Million. Thats considered a cut of 10M, even though YoY spending has increased 20M. Those aren't real number of course, but you get the idea.
OBAMA is set to run the US down the drain ---- how about we stop giving the BAGS of MONEY to Israel, Afganistan, Pakistan and EVERY other STAN in the world and start taking care of those of US THAT are paying for all this fake diplomacy. . . even the older people will see a decrease in thei cost of living on their social security . . . who else does OBAMA want money from? Did YOU vote for OBAMA? If "yes" then you are getting what you wanted---higher taxes and less benefits. . .
We don't send bags of money overseas other than the pallets of money Bush sent to Iraq and Afghanistan. What we send are gift cards for American made goods and food the US military does not have the capacity to buy all the fighter jets that we build. It is a welfare program for our military industrial complex and farmers. No congressman either democrat or republican would want to see factories close in their districts or states.