Ok, $1.4 Trillion per year in deficit spending. $1.1 Trillion in cuts over 10 years.
Am I missing something?
Yes, that it’s even worse than that because Congress and the president only have a say over spending for the next year and a half.
Yes.
“Cuts” in DC-speak are reductions in increases to spending on Federal Programs. For instance, if they spend $20 billion on a program, and propose to increase spending on it to $25 billlion, then “cut” it to “only” $22 billion, that is not a 10% increase in spending the program, but a 12% “cut.”
Naturally Congresscritters and bureaucrats game the system by asking for increases large enough to get what they want when Congress “cuts” spending.
Exactly. The whole nation is on the way to debt enslavement and our elected "leaders" are engaged in this deplorable Kabuki Theatre.
No, you missed nothing. Got your vaseline handy?
Instead of attacking Boehner and the House, see this as a motivator to send Obama and Senate Dems to the unemployment line in 2012.