$4 trillion in cuts over 10 years? HA! That has less of a chance of happening than the old Soviet Five Year Plans. And we all know how successful that was :)
This is 100% smoke and mirrors. 100% bullshit.
The first two were funded, and then stolen by Congress etc.
Medicare is seeped in fraud, do something like that to save billions.
Funny, no mention of bogus entitlements like welfare, paying women to have babies and enabling fathers to opt out of responsibility.
Which also destroys the family as the fathers have to pretend they don't still have the "benefits" with their multiple welfare mothers. They are forced to live behind the scenes so they can share the money paid to the mothers.
And purge the SSI roles of ablebodied young men and women that have grown lazy, shiftless and dependant on the government handouts.
Of course this is not mentioned, these millions (the majority of which would not spew out babies if the gov didn't pay them to do so) are the dems voter base along with illegal alien immigrant criminal invading colonists.
It's all lie anyway, just proposed to suck the gullible GOP leaders into voting for raising the debt limit.
Then it is buissness as usual, spend spend spend and waste taxpayers money. Oh and tax us more which will slow down the revenue to the gov.
Operative words: “...is seeking...”. He’s got no idea where to find them, he’s just returning from overseas or a game of golf or an important meeting with Joe Biden or TOTUS.
I’m not sure what they hope to accomplish with this but it’s a total straw man. Nobody believes Obama is sincere about this.
I suspect this is so Obama can go out there later and say “I tried to meet the Republicans halfway, I even tried to give them everything they wanted, but they refused to go along with it” so they can then blame the lack of an agreement on the Republicans and continue to accuse them of trying to “sabotage” the economy.
Over 10 years??? Pulllleeeaassseee.....he’s playing games....it’s all he does....
This more crap. 300 to 400 bil a year when the budget is up over 1.5 TRILLION per year compared to the 2008 base line.
Tell me something, you brilliant freepers, why do they persist in speaking of 10 year cuts and 10 year tax increases when we are dealing with an annual budget?
SS and Medicare must go. So must the welfare programs that allow a family of four to afford luxuries better than the WORKING POOR who get nothing at all.
The situation that allows large groups of our population to pay NO tax at all must also go. They all need to pay SOMETHING... 10% at least for cripes sakes!
Note the terminology: “cuts.”
This implies spending cuts, because the only cutting that cuts the deficit are spending cuts.
Yet Obama can just as easily propose to “cut” the deficit with tax increases, such as removing the cap on social security taxes, etc.
The tax reform part of it is raising taxes!
And over the next decade? A drop in the proverbial bucket..
$3-4 T in “cuts” after increasing spending by trillions more. It’s a bait-and-switch, kind of like when a store doubles the price of everything, then cuts it back 25 percent—it’s still more than it was. So now the deficits will be “only” $1.1-1.2 trillion instead of $1.5 trillion? Well, golly gee, kids! What a deal!!!
i see...
increase spending $1.5 TRILLION each year (with additional growth added automatically by baseline budgeting for a total of about $20trillion) and then ask for $3 or 4 trillion in cuts “over a decade”
this pieceO$hit has to be defeted NOW
IMPEACH
I don’t agree, he will use his presstitutes to whisper in their ear and tell them this is 8 dimensional chess and he is about to really let the Repubs have it in his second term just give him more time besides anyone the right puts up is going to be made to look like Hitler and Pol Pot combined killing off seniors and destroying our “SOCIAL COMPACT”...
reductions in future growth probably
Not good enough
Look for the small print.
My guess is that Obama does plan to cut three to four trillion dollars. And those cuts will take place over the next 237 years, during which time his type of excess spending will continue almost unabated.
It’s for the great great great great great grand-children don’t you know.
Where is the news on the big meeting today. I have scarcely hear a word. Usually there would be 24/7 discussion. Did either side make a statement after the meetng?
He’s pushing the debt to the next administration to deal with. It’s what they’ve been doing for over 20 years now. If he wants cuts, why not now... before it’s too late? Truth is 3 or 4 billion dollars won’t be worth squat in 5 years. Our dollar is going to collapse before that and take our country down with it. Obama is surely the scum of the earth, but so is most of Washington. The federal gov’t has destroyed the United States.
err billion = trillion :)
Cut 3-4 trillion in ONE YEAR or forget the scam!