Obama's spending proposals

""OBAMA: "Actually I'm cutting more than I'm spending so that it will be a net spending cut."

THE FACTS: The bipartisan Committee for a Responsible Federal Budget estimates Obama would increase spending by $425 billion over four years and reduce spending by $144 billion for a net increase in the deficit of $281 billion. Obama has said he'll cut pork-barrel programs and the costs of the war in Iraq to pay for his programs — as well as raise taxes on the wealthy — but the specifics of his new spending plans outweigh the few spending cuts he's identified.

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How can he spend 281 billion more and still cut taxes?

One misleading fact about the 10 billion a month he would save us in Iraq, is that we have to fund those troops even when they are at home. I would like to see the real figures that compare the difference between the cost of them serving in Iraq and serving here at home. BTW, I dont know about now, but when I was in the Army, an overseas tour was mandatory. everyone did it. So, what is the real difference in costs?

AJ

 

I remember 25 years ago or so in one of Ronald Reagan's state of the union addresses, when he told us that the national debt was approaching a trillion dollars. He made several comparisons about stacking one dollar bills and how far they would reach to make a trillion dollars.

Today, a trillion is not much. The bailout is 3/4 trillion by itself.

AJ