Speaker Boehner's Office: Hey, You Have To Remember That $352 Million Compounds Over Time

[Agorism]

Speaker Boehner's Office: Hey, You Have To Remember That $352 Million Compounds Over Time

http://minx.cc/?post=314720


I love this argument people trot out -- our tiny cuts actually get bigger over time.

You know what else that's true for?

The $1.5 trillion deficit.

If $352 million will become $300 billion over time, whatever shall $1.5 trillion become?

Or does the bad stuff not compound?

By the way, if you were hoping the CBO was making this up, and that Boehner would contradict it -- based on the emails between Red State and his office, it seems confirmed and accepted.

They want credit for the $38 billion in future spending authority they did cut, for example.



http://gatewaypundit.rightnetwork.com/wp-content/uploads/2011/04/boehner-winning-e1302403228672.jpg

[acptulsa]

They want credit for cutting future spending authority. Yet they won't tell us what that is.

If they didn't already have way too much credit we wouldn't be in this mess.

[Agorism]

He claimed to cut 38 billion in one year but he actually cut 0.3 billion (180 times less) for the one year budget.

Now he is claiming that the 0.3 billion compounded over many many years if they keep the cuts and you add in some sort of interest to it, then his numbers are legit.

He goes around giving "Tea Party" speeches with this stuff.

[acptulsa]

Is it mendacity or just insanity?

[Zippyjuan]

He is correct but so is the $200 billion in interest payments on the debt.