"Obama wants to spend $3.8 Trillion in FY 2013. He also says taxes should be fair."
- A troll
Obama also wants to return to the Clinton tax rates. Fine. This is what I want in exchange:
#1 We will have to remove the surtaxes associated with Obamacare.
#2 We will have to cut spending to 18.4% of GDP, as it was under Clinton.
The 2012 GDP is projected to be $15,601.5 trillion. Thus, Federal spending should be $2.87067 trillion.
It looks like Obama is going to need to cut around $1 trillion in spending.
#1 We will have to remove the surtaxes associated with Obamacare.
#2 We will have to cut spending to 18.4% of GDP, as it was under Clinton.
The 2012 GDP is projected to be $15,601.5 trillion. Thus, Federal spending should be $2.87067 trillion.
It looks like Obama is going to need to cut around $1 trillion in spending.
Deal?
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