Quote:
Originally Posted by Mikeyy
The only ones willing to comprimise has been the left
|
It's not a compromise...It's a deathknell...
Let's go with the numbers...
From the article...
Quote:
In an effort to reach a deal, Obama said the White House could reach $1.7 trillion in spending cuts over 10 years without new revenues, said two Democratic aides familiar with the meeting. They spoke on condition of anonymity because they were not authorized to speak on the record.
He could reach $2.4 trillion over 10 years with extra revenues, Obama told the group, the aides said.
|
Here's the problem...
The deficit EACH YEAR of Obama's term has been well over $1 trillion dollars...His budget plans for the next decade will have EACH YEAR'S deficit be well over $1 trillion dollars...
Even if you lowball at JUST $1 trillion dollars, that's $10 trillion dollars ADDED to the national debt, which currently stands at just over $14 trillion...
Now go back to the above words from the article...
Quote:
|
In an effort to reach a deal, Obama said the White House could reach [B]$1.7 trillion in spending cuts over 10 years without new revenues
|
That's an average of $170 billion dollars per year...
That means that these cuts are SO FRIGGIN' LOW that even if they were to occur, Obama's budgets would go from an average deficit of $1 trillion dollars per year to an average deficit of $830 billion dollars per year...
Now the second part of Obama's "effort"...
Quote:
|
He could reach $2.4 trillion over 10 years with extra revenues, Obama told the group, the aides said.
|
$2.4 trillion over 10 years is $240 billion dollars per year, so doing that would make Obama's budgets go from an average deficit of $1 trillion dollars per year to an average deficit of $740 billion dollars per year...
$740 billion dollars per year deficit for the next 10 years?
$830 billion dollars per year deficit for the next 10 years?
That's what Obama is proposing for the country...."
Spiral into further debt really, really fast" or "
Spiral into further debt really, really, REALLY fast"...
Anyone who agrees to anything close to this is, financially, an imbecile...
07-14-2011, 12:07 PM
Re: Tempers flare as debt-limit deadline nears
Linear Mode
