Posted on 08/04/2012 3:51:09 PM PDT by Zakeet
In presidential campaign ads, President Barack Obama claims that his economic plan includes “$4 trillion in deficit reduction.” For a president who has increased the national debt more than all U.S. presidents from George Washington to George H.W. Bush combined, the claim seems incredible. Indeed, it is.
A new analysis of Mr. Obama’s budget reveals the president’s plan would add $10.6 trillion in debt accumulation over the next decade, bringing the U.S. federal debt to a jaw-dropping $25.4 trillion.
Still, the president and his surrogates continue to claim the Obama plan would cut spending. “The President’s proposals… include a balanced deficit reduction plan that would reduce our deficits by $4 trillion over 10 years,” said White House Press Secretary Jay Carney in June.
In addition, the Obama budget contains $1.8 trillion in tax increases over the next decade. Specifically, the top marginal tax rate would jump to 39.6 percent, taxes on dividends would skyrocket to 43.4 percent (from 15 percent), and the death tax would leap to 45 percent.
(Excerpt) Read more at breitbart.com ...
Someone answer this question: Will this country survive if there is a $25 trillion debt?
See, ya just gotta un'erstan' Democrat Math. The idea was to bump the debt up to twenty nine point four trillion, so this plan would reduce that to twenty five point four trillion, and that's a four trillion dollar cut.
See how 'at works?
Jesus, help us if these fools stay in power.
“A new analysis of Mr. Obama’s budget reveals the president’s plan would add $10.6 trillion in debt accumulation over the next decade, bringing the U.S. federal debt to a jaw-dropping $25.4 trillion.”
After 4 long years and he’s just now revealing this visionary plan? How did we Americans survive this long without him?
Someone answer this question: Will this country survive if there is a $25 trillion debt?
NO. But many even here say we the U.S.A are so productive.What drugs are they smoking , bathsalts?
More proof here:
http://www.youtube.com/watch?v=THlaMUq6MKU&feature=related
What happened to Mr Q ___ ? He was forced out of power and violently gang raped by a mob. A warning to other depots like Assad perhaps _____ ?
You don't actually believe that, do you?
I have to believe it because the messiah says that he will balance the budget on the backs of those who don't pay their fair share and that the middle class won't see a penny of tax increases.
And the messiah wouldn't lie.
Just think. That’s probably a low-ball estimate.
How silly (and blasphemous) of me to doubt the messiah.
We are at the point where the democrats just issue baseless lie after baseless lie. They figure they can get away with it because their media lovers will never call them on it, any time we do it becomes a simple he said shes said argument to the American people.
Half the people will believe us and their half will continue to believe them. Facts, figures, and results be damned as they can all be either denied or blamed upon someone else(anyone including the tooth fariy).
I heard the Fed took all the Americans who died from Fukushima radiation and buried them at Bohemian Grove.
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