So I just heard Speaker Boehner touting the latest “Compromise”. It will cut spending by a whopping 1 trillion dollars (over 10 years). That’s a lot of money. Can we handle such deep & radical cuts? Not according to the dems. But a real quick & honest calculation will show us the following: 1 trillion over 10 years = 100 billion a year. We are currently borrowing between 100 & 140 billion per month (not per year). So the big spending cuts for the whole year will be absorbed in the first month they take place. UGH!
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