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To: The Magical Mischief Tour
White House chief of staff William Daley said. "Everyone agrees that a number around $4 trillion is the number that will ... make a serious dent in our deficit."

Let's do the math, shall we? This year's deficit alone will be $1.5 trillion.

Bammy and Boner want to cut the deficit by (optimistically) $4 trillion over ten years. $1.5 trillion x ten years = 15 trillion - $4 trillion = $11 trillion in aditional debt over ten years.

So instead of $1.5 trillion in further debt every year, we'll only be $1.1 trillion in additional debt every year.

38 posted on 07/10/2011 6:30:57 PM PDT by mojito
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To: mojito

I just don’t understand why most people don’t see that. The Republicans should be screaming it from the rooftops. Sigh.


113 posted on 07/10/2011 8:17:56 PM PDT by sheana
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To: mojito

On top of your numbers, the plain fact is that no congress can bind any future congress in terms of spending cuts or anything else.


135 posted on 07/10/2011 9:10:38 PM PDT by TenthAmendmentChampion (Darwinism is to Genesis as Global Warming is to Revelations.)
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