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But that is just a down payment and the deficit coniues to grow without cuts in spending. I the end the clff is what they want to achieve has they created it, They just want it to be achived differently and the cliff to be a slope voer several decades. it just austerity like we see in europe ecept for germany.Germanyacted i the 90's to redcue spenig and make reforms like labor reforms.So really no mtter what we are goig off the mountain just which side the ciff and fall faster or the slope so it less noticabe as we go.Cuts and revnues wil increase just as the efects that come with both will. Face it we got ourselfs into a terrible problem not seen since the great depressio and this timeit a debt problem from spendig what we didn;t have ;so we borrowed with interest.
That's a huge number and still not enough to really bring the deficit under control. What next? Spending has to be addressed.
"I've put forward a specific $4 trillion deficit reduction plan, Obama said. "You can look at all the numbers, what cuts we make and what revenue we raise. And the way we do it is $2.50 for every cut, we ask for $1 of additional revenue."
- President Barack Hussein Obama
Is this something you can appreciate, even if you disagree specifically with numbers?
"I've put forward a specific $4 trillion deficit reduction plan, Obama said. "You can look at all the numbers, what cuts we make and what revenue we raise. And the way we do it is $2.50 for every cut, we ask for $1 of additional revenue."
- President Barack Hussein Obama
Is this something you can appreciate, even if you disagree specifically with numbers?
What are the cuts? ARe they cuts on increases like they always are or are they actual cuts? I have ten dollars and next year I am to get fifteen dollars. You take 2.50 away and add in a buck and I still have 13.50 at the end of the day. That is how they do things with this double speak nonsense and ten year plan gibberish they always tout. Show me some real cuts. Better get mathguy in here to check my ciphering.
Deficits lead to national debt, national debt leads to the weakening of the dollar.
Along with the monetary printing presses running 24/7 .
Inflation is closer to 5% then the number we are fed.
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