Government Spending Cuts Under Obama's Plan

Discussion in 'Politics & Religion' started by pspr, Dec 24, 2012.

  1. pspr

    pspr

  2. Lucrum

    Lucrum

    I heard some of the proposals the other day. The so called "cuts" were all over a 10 year period. Really? We need the cuts today in this years budget. Not 10 fucking years from now.
     
  3. pspr

    pspr

    It doesn't matter what we do. It's all over but the shouting for America under Obama. The Great Obama recession will just hasten our demise.

    From a post the other day:

    Right now, mandatory entitlement spending alone is 62% of the Federal budget, and it will rise continuously under present law. At the same time, federal revenues don’t even cover the cost of those entitlements, plus interest payment on the national debt.

    Think about that. We could eliminate the entire Federal Government except for entitlement spending and interest on the national debt, and we would still have to borrow more money to pay for it.