AP - President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.
Monday, February 14, 2011
Spend to Save?
Image by be OH be via Flickr
Excuse me? Spend $3.73 TRILLION to save $1.1 TRILLION over 10 years!?
#1. Unless the plan is to limit and or cut entitlement programs no control is real or sustainable.
#2. Raising taxes will only hurt those who pay the taxes which ALWAYS turns out to be the middle classes (=me, you).
#3. Sending money to the federal government to dole out back to the states is just a massive money laundering operation and waste of tax payers money.
#4. When a politician (whatever the party) says investment what they mean is payout to a group of people to ensure they will get re-elected.
The facts of life are that money spent is money gone or money owed and savings is only savings if it is actual money in an actual place.