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To: Jack Hammer
"The inflation adjustment would reduce federal spending on government programs over 10 years by about $130 billion, according to White House estimates. Because it also affects how tax brackets are adjusted, it would also generate about $100 billion in higher taxes and hit even middle income taxpayers."

So the only "cut" Obambi is proposing is 130-100 billion = 30 billion over 10 years from the so-called chained CPI. This is less than 3 billion per year due to compounding. This is much less than one tenth of one percent of the budget. This is not even distinguishable in a budget overview. For this, he wants an additional 300 billion in tax increases. This isn't a compromise, it's simply more propaganda, diligently fed to the public by a compliant media.

18 posted on 04/06/2013 5:09:16 AM PDT by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: norwaypinesavage

I can see Bohner going for this as he TOO IS INSANE!


19 posted on 04/06/2013 5:15:12 AM PDT by DaveA37
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To: norwaypinesavage

[[So the only “cut” Obambi is proposing is 130-100 billion = 30 billion over 10 years from the so-called chained CPI. ]]

Yes- but hte press is LYING claimign that the plan will save 4.3 trillion dollars over 10 years (While old people and dissabled people succumb to lack of nutrition, freeze to death or die because they can’t get theirm deicines anyl onger)


40 posted on 04/06/2013 10:06:45 AM PDT by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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