Like you didn’t know that was the case.
Via Rush Limbaugh.
Ladies and gentlemen, how many of you believe that there are budget cuts in the new debt ceiling bill? You’ve heard that there are cuts, have you not? We’re cutting here, we’re cutting there. Yeah, well, what I want to know is why would anybody believe that this deal includes any significant cuts in spending? If it really cuts spending, why would we have to raise the debt limit by $2.4 trillion? Why? And we’re still gonna get downgraded, and the markets are still not happy, and all the reasons we were sold for doing this have turned out to be bogus. Vladimir Putin, he’s out hunting. He says the United States is “a parasite on the world economy.” A parasite, meaning our growth is all phony.
It’s all based on borrowing, it isn’t real, and we are gobbling up all the resources around the world just to sustain our spending. We’re really not the rich country that we are is what Putin means. It’s all borrowed, it’s all fake, it’s all phony. We’re parasites. All the numbers in this deal are just government math. Government math’s even crazier than Farrakhan’s Million Man Math Made Easy. Rand Paul has an open letter on his website: To paraphrase Senator Jim DeMint: When you’re speeding toward the edge of a cliff, you don’t set the cruise control. You stop the car. The current deal to raise the debt ceiling doesn’t stop us from going over the fiscal cliff.
“At best, it slows us from going over it at 80 mph to going over it at 60 mph. This plan never balances. The President called for a ‘balanced approach.’ But the American people are calling for a balanced budget. This deal does nothing to fix the overreaches of both parties over the past few years: Obamacare, TARP, trillion-dollar wars, runaway entitlement spending. They are all cemented into place with this deal, and their legacy will be trillions of dollars in new debt. The deal that is pending before us now,” get this, “Adds at least $7 trillion to our debt over the next 10 years.” Not $2.4 trillion; $7 trillion. “The deal purports to ‘cut’ $2.1 trillion, but the ‘cut’ is from a baseline that adds $10 trillion to the debt.”
As you well know, because we’ve been we’ve been explaining this in easily understandable detail all wee. I love the illustration. We could prepare a budget that is a freeze next year that doesn’t spend a dime more than this year, and it would be scored as a nine and a half trillion-dollar cut because of the baseline, because of how the budget is expected to grow. “This deal, even if all targets are met and the Super Committee wields its mandate – results in a BEST case scenario of still adding more than $7 trillion more in debt over the next 10 years. That is sickening.” Folks, I’m gonna give you a little history. I remember when this program started — well, even before it started here, when I was in Sacramento and the show started in 1984 — getting phone calls throughout the years from people concerned about the national debt, and I pooh-poohed it.
The rest here: http://www.rushlimbaugh.com/home/daily/site_080211/content/01125106.guest.html
- American Sauce: Debt deal cheat sheet (politicalticker.blogs.cnn.com)