Is all the debate over a difference of a 4% cut in Federal spending?
2012 $3,639 2013 $3,779 2014 $3,954 2015 $4,180 2016 $4,460 2017 $4,661 2018 $4,856 2019 $5,148 2020 $5,412 2021 $5,680. The total over 10 years is $45,770.
Reportedly, Senate Dems:
“are close to agreement on a spending plan that would reduce borrowing by more than $4 trillion over the next decade, with about half the savings coming from higher taxes. That would offer a sharp contrast to the GOP budget, which relies entirely on deep cuts in spending.”
OK, so the $2 trillion cut that Democrats are saying is possible in spending is only 4.37% of spending. And this is after Obama has overseen a massive government spending increase of 28% from 2008 to 2011. The stimulus was just supposed to be temporary. Now we find that all this stimulus on so-called "green" energy and other programs is permanent.
On the left, Ezra Klein explains the reason that Democrats won't release their spending plans here. Ed Morrissey has a response here.
The White House tables are available here.
Labels: deficits, Government
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