IPFS News Link • Government Debt & Financing
Obama's "tough budget cuts" in pictures
• Doug RossThe anticipated 2012 budget deficit will be $1,500,000 million ($1.5 trillion). This means we are borrowing that amount from our children to fund all of the Democrats' Utopian spending programs.
Finally, the president has proposed "tough budget cuts" that total $775 million. No, that's not a joke.
Let's illustrate the magnitude of Obama's cuts.
Obama's cuts aren't even visible in this chart. Let's zoom in.
Blowing it up about ten times allows us to see a tiny little sliver: those are the cuts.
Blowing the chart up a further ten times still barely exposes Obama's proposed cuts.