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If anyone actually believes that this "obama" plan will do anything positive for this County they should think about obamacare. Just like obamacare, you can bet there is a bunch of hidden shit that will wind up costing us billions and cut into the savings. It will probably require hiring thouands of new government employees to implement and somehow it will give huge amounts of money to unions and other of obama's cronies.
Never trust this man, ever. He is a liar. He lies when it is easier to tell the truth. It is a compulsion.
And don't forget there is always an agenda. His desire to turn us into a third world country out weighs any sense of sanity. He is a liar and should not be trusted...
A leading panel of budget experts estimated Thursday that President obama's latest spending plan does not save as much money as the White House initially claimed and is about $1.5 trillion more expensive than the Republican plan.
Since he delivered a major fiscal policy address last week, obama and other officials have touted that the White House plan would cut $4 trillion over 12 years. Using that figure, they've claimed it's very similar to a House Republican plan which supposedly would cut $4.4 trillion over 10 years.
But given that most budget outlines use a 10-year window, as required by law, the Committee for a Responsible Federal Budget tried to offer an apples-to-apples comparison -- and determined obama's proposal would actually cut deficits by $2.5 trillion over the next decade. It credited the president for "moving the ball forward," but said that based on Congressional Budget Office assumptions, the plan doesn't do enough to tackle the debt crisis.
"It appears unlikely that the policies proposed in the president's framework would be sufficient to reduce debt to a manageable level," they wrote.
In response, the White House claimed that using the 10-year window, the president's budget plan would cut $2.9 trillion, not $2.5 trillion. And officials continued to stand by the claim that it cuts $4 trillion over 12 years. A White House aide suggested the president's plan would save more than the committee claims in part because of a "failsafe" provision that would trigger additional spending cuts if debt reduction goals are not met.
Read the rest at the link above...