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President Obama claimed significant progress in deficit reduction, called for additional tax hikes and pushed dozens of new programs that he says wonâ€™t add a dime to the deficit.
However, Club for Growth founder and Wall Street Journal economist Stephen Moore told WND the facts show Obama is not at all serious about reducing our deficit and is engaging in budgetary sleight of hand when it comes to his agenda.
In his speech, Obama said he and members of Congress have already agreed to $2.5 trillion in deficit reduction and are on the way to fiscal stability. Moore said technically those cuts are scheduled to take effect in the next few years, but heâ€™s very skeptical that theyâ€™ll actually happen....
One important things to keep in my mind when you hear the word cuts in dc. None of them are talking about cuts; they are only speaking of reducing the increase in spending. That is not a cut. Even if the automatic decreases kick in, your government will still be spending more. I have never understood why candidates..particularly presidential (with exception of paul) cannot and do not hit on basic math. Obama is able to portray repubs as being against social security and medicare even though they are only ones trying to save them.