Obama's budget cuts

[Mike Ladnier]

Cortamos tan la Seguridad Social, seguro de enfermedad y medicaid, las porciones de gente mueren de nosotros que lo hacen, y el presupuesto mejora bastantes para cerrar la deuda nacional en 107 años. Porqué don' t apenas continuamos y matamos los todos, estilo de ejecución, y les decimos que sus grandes grandkids los agradecerán por él.

[DeltaCotton12]

Es una pendiente resbaladiza pase lo que pase. No me gusta que llegamos a este punto, pero es nuestra maldita culpa

[Mike Ladnier]

Ambas partes deben apuntar quitar el fraude y el abuso de estos programas en este tiempo. Limpie la casa, vea lo que tenemos.

[DeltaCotton12]

Estoy de acuerdo Mike. Tanto necesidad de adoptar medidas en la dirección correcta para este país .. Como un país no dos partes en conflicto.

[tuscaloosahunter]

It's also interesting to note that Obama said, "What my budget does is to put forward some tough choices, some significant spending cuts so that by the middle of this decade our annual spending will match our annual revenues."

The problem with this statement is it isn't true. The budget team plans to have enough money to cover "ordinary" spending by the middle of the decade. The administration failed to calculate interest payments in their figures and it won't have enough money to cover interest payments, which means they'll have to borrow more, in turn increasing the debt and the size of future interest payments year after year. Public debt alone, which isn't even the entire debt, will go from $11 trillion to $19 trillion in the next ten years.

To put it in layman's terms, it's like a family claiming they've balanced the family finances but neglecting to mention that they're taking out a new loan every month to pay off credit card interest.

[jacksbuddy]

I literally just paid off a huge bill today. Funny, but I no longer feel like celebrating.