US Debt US politics

HERE’S HOW THE LEFT DOUBLE TALKS ABOUT THEIR DEBT REDUCTION POLICIES: REDUCE DEBT BY NOT ADMITTING AN INCREASE IN SPENDING……..

 

Unreal.

If the Democrats suggested such a cockamamie, hair brained scheme such as this in the boardrooms of private businesses, they would be thrown out on their ears. If these businesses conducted their book keeping in the same manner as the Left does in Washington, they would all be in orange jumpsuits serving some hard time for fraud.

Without virtue ladies and gentlemen, no representational form of government, even of the United States, can survive for long. This is pure theft and fraud, right out there for the nation and the world to see. The same crap happens within the EU as well, but there is no public oversight, there is no way to get what happens behind closed doors out into the broad light of day.

Breitbart: GOP: WASHINGTON, March 13–At today’s Budget Committee mark-up, Senators had an opportunity to ask technical questions of Sen. Murray’s staff director and deputy staff director, who were primarily responsible for crafting the resolution.

Under intense questioning from Sen. Sessions, the staffers admitted that despite claims that “The Senate budget, therefore, includes $1.85 trillion in total deficit reduction, $960 billion of which consists of a full and balanced replacement of the cuts from sequestration,” it is not possible to apply tax increases and spending cuts simultaneously to both deficit reduction *and* replacing the sequester.

In other words, turning off the sequester amounts to an immediate spending increase of $1.2 trillion. Although Senate Democrats claim around $1.9 trillion in deficit reduction, they are double-counting more than half of that money. Their actual deficit reduction is closer to $700 billion, and even this figure is inflated by the use of a war savings gimmick. Honestly accounted, real deficit reduction is only around $300 billion–virtually no change from our disastrous debt course.

One Response

  1. Governments always give themselves a pat on the back (contortionists!) when they announce a reduction in the deficit. They are smug in the assumption that the plebs will be oblivious of the fact that it’s not a reduction in the debt but a reduction in the rate of increase of the debt.

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