oldervoter68 Wrote:
Nov 17, 2012 1:24 AM
Rounding some figures, but try to follow. $3.6T federal budget = $10,000,000,000/day spending (or $400,000,000/ hr 24/7). Estimated income to treasury = $2.9T/year. "Entitlement" spending = 62% of budget or $2.2T, leaving "free" money to spend at $700B (to balance budget). The 0's tax plan raises $160B at best. Where does the $540B in spending cuts come from? Be specific.