OMG. He’s talking peanuts.
BHO ... Debt Man Walking
It's a cookbook!!!!!
Don't do it!!!
How Did $38 Billion in Spending Cuts Turn into Only $352 Million?
What do you suggest he do?
I know what I’d like to see done but it ain’t gonna happen. We are still an election away from meaningful changes in government.
1.2 trillion in cuts spread out over 10 years;
A joint select house/senate committee will meet to find an additional 1.8 trillion to cut over the next year;
There will be a vote on a balanced budget amendment after Oct. 1 2011 but before the committee meets;
President can ask for a debt increase up to 95% of the cuts;
If the joint committee does not report, "We will act on our own" (paraphrasing).
Boehner admits this is not the greatest solution but "Rush, we waited too long to act." (NOT paraphrased.)