In response to:

Those Phantom Spending ‘Cuts’ from 2011

Raymond166 Wrote: Feb 20, 2013 6:17 AM
In oure house we have reached a point where my credit cards are maxed out and wew are struggling to make payment. Do you think any financial advisor would advise me to take out another card Heck No. So why this same logic not apply to Obama financial plans for the USA

The Washington Post’s David Fahrenthold recently took a look at the $38 billion in spending cuts that Republicans and Democrats agreed to in 2011 in order to avoid a government shutdown. Fahrenthold estimates that $17 billion of those “cuts” were little more than budgetary gimmicks. For instance, $6 billion in authorized spending for the previous year’s decennial census were merely wiped...