Thursday, February 26, 2009

'Obama promises to slash spending by $2 trillion'

If you read only the headlines, there's great news from the Associated Press today: the federal government's spending is going down by $2,000,000,000,000! If you read further, however, the first paragraph takes a different slant: 'President Barack Obama unveiled a multi-trillion-dollar spending plan Thursday that would boost taxes on the wealthy, curtail Medicare, lay the groundwork for universal health care and leave a string of deficits dwarfing any in the nation's history.'

Well, what about the spending cuts? You won't find them in the second paragraph, or the third, or ...

Take about burying the lead! Down in the sixteenth paragraph of the AP story, we read: 'Obama's budget projects $2 trillion in deficit reduction over a decade - split between tax hikes on wealthier Americans and trimming a variety of government programs ranging from subsidies paid to wealthy farmers to eliminating ineffective government programs.' And you know in your heart that only the tax increases will survive the legislative process. Blue skies! -- Dan Ford


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