Friday, February 18, 2011

Obama Math

It's amazing that Obama isn't laughed at whenever he opens his mouth to talk about his new budget.

Add $2 trillion in new taxes, then add another $1 trillion in new spending and, presto, you’ve got $1 trillion of debt reduction. 

And where have we heard this before?

It’s the same kind of mad deficit accounting in Obamacare: It reduces debt by adding $540 billion in new spending, then adding $770 billion in new taxes. Presto: $230 billion of “debt reduction.” 

Good luck America- you need it.

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