Wednesday, April 13, 2011

Largest Spending Cut EVER?

Quoting Chris Edwards
at CATO @ Liberty
(from 4/1/2011):
“The Washington Post said today that a plan to ‘cut $33 billion from the federal budget’ would be ‘the largest one-time reduction in U.S. history.’


Indeed, even with $33 billion in cuts, total federal spending will still rise by more than $200 billion this year due to rising ‘entitlement’ costs.”
Click the image & read the rest:
Click the image & read the rest
Click here to enlarge the image.

Ultimately, $38.5 billion was cut from Obama’s 2011 budget.
Ultimately, the Washington Post itself exposed the WaPo lies.
And, the folks at Accuracy in Media were grateful for that.

Click here for the White House spreadsheet.
I presume the spreadsheet has been updated, because:
I calculate $324 billion MORE spent in 2011 than 2010!
That is a 9% INCREASE in spending for fiscal year 2011!
That is AFTER this alleged largest one-time reduction!
Did YOU get a 9% raise this year?
Can we say BULLSHIT?

Click here and explore deficit spending.
Click here and explore our looming debt crisis.
Click here for a possible solution.

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