Tuesday, April 12, 2011
And The Beat (ing) Goes On Part 11
According toCNSNews.com , the federal debt increased $54.1 billion in the eight days preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September.
The debt was $14.2101 trillion on March 30, according to the Bureau of the Public Debt, and $14.2642 on April 7.
Since the beginning of the fiscal year on Oct. 1, 2010,(Date the Left failed to present a budget) the national debt has increased by $653.4 billion.
Obama's plan? Obama will acknowledge a need to reduce spending on Medicare and Medicaid( but do nothing about it) while at the same time tackling defense spending(look for massive cuts since that is the Left's favorite whipping boy) and calling for increased taxes on the wealthy,(Is there an echo in there from the past 12 years?) White House officials said.
Be assured that cuts in spending on the Lefts favorite programs will not be included in Obama's plan.
Question is, will the Beat(ing) end in 2012 or where does it go from there?