White House promises $1.8 trillion in deficit reduction, although similar previous claims have been debunked
New method of measuring cost-of-living increases will lower benefit payouts and push middle-class earners into higher tax brackets
Speaker Boehner's spokesperson: 'Any deficit reduction will come exclusively from tax hikes'
Administration's formula depends on cost savings from Obamacare, which may be more costly to implement than previously thought

The Obama administration released an outline of its fiscal 2014 budget to reporters on Tuesday, forbidding its release until 6:00 a.m. Wednesday. The preview promises that President Barack Obama's budget 'reduces the deficit and puts the Nation on a sound fiscal course.'

'Every new initiative in the plan is fully paid for, so they do not add a single dime to the deficit,' the White House pledges.

An initial walk through the budget proposals, however, suggests that Republicans in Congress will need some convincing.

The budget will hit congressional offices less than 24 hours after the government's top watchdog agency declared that nearly $100 billion was wasted last year in duplicative and overlapping programs stretching into every corner of the Washington bureaucracy.


Read more: http://www.dailymail.co.uk/news/article-...l#ixzz2Q3yaMW4g
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It's not even good fiction.

Quote: Palinista wrote in post #2

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It's not even good fiction.

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