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The Pain of 2 Pennies

dan17 Wrote: Feb 24, 2013 10:22 AM
The federal government borrowed 46 cents of every dollar it has spent so far in fiscal 2013, which began Oct. 1, according to the latest data the Congressional Budget Office released Friday. According to that, a 2 cent cut simply means 44 cents borrowed. Pathetic!

Like a breathless 13 year old girl at a One Direction concert, President Obama raced around the nation over the last week attempting to frighten Americans into opposing the modest cuts to the federal budget due through the sequester process on March 1. Never mind that the sequester was President Obama's idea. Never mind that these cuts amount to just 2 cents on every dollar of the federal budget. And, never mind that his Administration has made history, in a bad way, by running four straight trillion dollar plus deficits.

No, there was the President standing in front of...

Related Tags: Sequestration