Romney was an empty suit and now he is nothing, politically. Totally untrue. Do you ever read the paper? Obama signed into law $1 trillion in cuts to discretionary spending over the next ten years. As part of the 2011 debt agreement he cut $1,028 billion in discretionary spending through the Budget Control Act. Together with another $676 billion in discretionary savings through annual appropriations bills and interest savings, this will reduce spending by over $2 trillion. As a result, annual discretionary spending is projected to fall to its lowest levels on record, measured as a share of the economy. http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/tables.pdf Furthermore, Obama has proposed and signed into law the elimination of 77 government programs and cut another 52 programs, saving more than $30 billion annually. He has put forward detailed and specific health savings totaling more than $300 billion, all verified by the CBO in their March analysis of the President’s Budget. In addition, Obama has cut or eliminated entitlements including cutting out the middleman in the student loan program to save $19 billion and reducing payments for abandoned mine land reclamation by almost $1 billion.
to be clear, is your argument that obama intends to and will reduce the size and scope of the government? presumably you heave heard of obamacare and you still say this?
This is just laughable. He cut what $2T over 10 years total but is adding $4T year over year. Everybody knows neither party wants to actually cut spending.
It is laughable because you are confusing the budget and the budget deficit. We are not adding 4 $Trillion a year to the debt. The entire 2012 budget does not amount to $4 Trillion.
Obama did not cut spending. He cut proposed new spending. It would be like me creating a budget in 2010 for $1 million worth of trampolines over the next ten years, then in 2012 cutting my trampoline budget to $500,000. A politician would call this a 50% cut in spending, and a $500,000 savings. An accountant would disagree.
It wasn't cutting imaginary spending, most of this projected spending has been going on for a long time and the cuts have real effects on the deficit.
I'm not cherry picking this or that. $2T reduction over 10 years is pathetic at best. The man is increasing our debt $4T per year.
