Obama's Fuzzy Math - $2 Trillion in spending...

From The Blaze:Â

Debt Ceiling: Cato Institute Says $2 Trillion in â€˜Cutsâ€™ Will Increase Spending by $1.8 Trillion

$2 Trillion in spending â€œcutsâ€ seems to be the magic number cited by President Obama and members of Cogress in favor of raising the debt ceiling.Â The Cato Institute, however,Â released a video Wednesday explaining why those $2 Trillion might in fact be a series of smaller projected cuts over a ten year period.

According to Cato, this yearâ€™s portion would only be around $200 Billion, which is still less than the interest paid on our federal debt. The video also asserts these â€œspending cutsâ€ would only reduce baseline spending, ergo spending would actually increase to the tune of $1.8 Trillion overall.

Comments: 9

Marilyn M. Jul 9, 2011, 2:36pm UTC

I love the title of that video: Underwhelming Spending Cuts.

Most of us would imagine that when they talk about $2 trillion in cuts they mean TODAY, not spread out over 10 years.

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John S. (arizona) Jul 9, 2011, 2:41pm UTC

It's like people buying something on sale. They always say they SAVED five bucks, not that they SPENT fifteen...

Marilyn M. Jul 9, 2011, 3:13pm UTC

Exactly. I know many people who use coupons foolishly, buying things they would never buy without coupons and they think they've saved money.

Sandy A. Jul 9, 2011, 8:53pm UTC

Hey, cat and dog food is 1/2 price today! But wait, we don't have a dog or a cat? Awwww, we'll just go buy one of each!
Did ya see the deal on arm and hammer toothpaste this week? WOW! Let's go buy a case of it! Quick, lets invest in dental implants so we can do away with the dentures and use it! lol..

Marilyn M. Jul 9, 2011, 9:19pm UTC

That's about it.

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Sandy A. Jul 9, 2011, 8:51pm UTC

Obama's math isn't one bit fuzzy... He and his administration are simply counting on the mistaken assumption that American's are!!

Marilyn M. Jul 9, 2011, 9:20pm UTC

They probably are....and they probably are. :)

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Texas Rocks Jul 9, 2011, 10:08pm UTC

This pisses me off in so many unimaginable ways. How in the world can the continue to screw us like this? How do we put controls on the people that represent us and that are suppose to lead us to prosperity?

I am speechless.
~M

Marilyn M. Jul 9, 2011, 11:26pm UTC

And yet it goes on....and on....and on.

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Obama's Fuzzy Math - $2 Trillion in spending “cuts” equals $1.8 Trillion in spending increases

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