President Obama is releasing his plan to reduce the deficit and pay for his “pass this bill now”
stimulusjobs act. His target is $3 trillion in deficit reduction that comes in the following forms:
- It cuts $250 billion from Medicare over 10 years. It cuts $72 billion from Medicaid and other cuts and $260 in other entitlement and health programs — We’ll be waiting for the ads from the DNC, AARP and other groups saying how Obama plans to hurt the poor, sick and elderly.
- It takes a $1.1 trillion credit for ending military operations in Afghanistan and Iraq — somehow I think that is a bit high: we’re still going to be paying those members of the military their benefits and salaries.
- It accounts for the remaining $1.5 trillion from tax increases and closing tax loop holes, primarily on the wealthy (but not solely)
It is important to note that the White House is stating that the plan does NOT count any increased tax revenue from the so-called “Buffet Rule” where income earners above $1M would have a minimum tax. I wonder how he’s feeling about that “no tax increases for 95% of working families” pitch now?
Again, this isn’t looking good for Obama: he likely is pitching against a campaign promise, he’s using class warfare and some of his math isn’t adding up. The voters will see right through this charade.
GorT is an eight-foot-tall robot from the 51ˢᵗ Century who routinely time-travels to steal expensive technology from the future and return it to the past for retroinvention. The profits from this pay all the Gormogons’ bills, including subsidizing this website. Some of the products he has introduced from the future include oven mitts, the Guinness widget, Oxy-Clean, and Dr. Pepper. Due to his immense cybernetic brain, GorT is able to produce a post in 0.023 seconds and research it in even less time. Only ’Puter spends less time on research. GorT speaks entirely in zeros and ones, but occasionally throws in a ڭ to annoy the Volgi. He is a massive proponent of science, technology, and energy development, and enjoys nothing more than taking the Czar’s more interesting scientific theories, going into the past, publishing them as his own, and then returning to take credit for them. He is the only Gormogon who is capable of doing math. Possessed of incredible strength, he understands the awesome responsibility that follows and only uses it to hurt people.