We Are on the Road to Bankruptcy

17 Feb 2012 10:11 #1 by Blazer Bob
http://www.realclearpolitics.com/articl ... 13132.html

.."We have a budget of, what, almost $4 trillion? So if we're doing $2 trillion of cuts," Mitchell said, "we're cutting government in half. That sounds wonderful."

But what the president was talking about is not even a cut. The politicians just agreed that over the next 10 years, instead of increasing spending by $9.48 trillion, they'd increase it by "just" $7.3 trillion. Calling that a "cut" is nonsense."

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17 Feb 2012 10:34 #2 by FredHayek
Playing games with the figures and the press corps shirks its job by not pointing this out.

Thomas Sowell: There are no solutions, just trade-offs.

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