- The Foundry: Conservative Policy News from The Heritage Foundation - http://blog.heritage.org -
Morning Bell: Obama's Fake Budget Marketing Exposed
Posted By Romina Boccia On April 12, 2013 @ 7:09 am In Economics | Comments Disabled
President Obama is marketing his new budget by saying it has “more than $2 in spending cuts for every $1 of new revenue.”  Is this true?
In a word, no.
In fact, his spending increases and advertised spending cuts cancel each other out—leaving only a massive tax increase.
The President cancels sequestration’s spending cuts—therefore raising spending—by the same amount that he reduces spending. When that’s done, all that’s left is a $1.1 trillion tax hike.
Tweet this 
Here’s the math :
So President Obama’s spending cut claim doesn’t hold up, and Americans get stuck with a $1.1 trillion tax bill. Real math hurts.
Read the Morning Bell and more en español every day at Heritage Libertad .
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2013/04/12/obama-budget-obamas-fake-budget-marketing-exposed/
URLs in this post:
 more than $2 in spending cuts for every $1 of new revenue.”: http://www.whitehouse.gov/omb/overview
 Image: http://blog.heritage.org/wp-content/uploads/BL-obama-budget-all-taxes-not-cuts-600.jpg
 Tweet this: http://clicktotweet.com/VxMdr
 Here’s the math: https://docs.google.com/file/d/0B8se_y_wFVyIV3ZPV2RHaW1jVmM/edit
 Treasury Department’s “Green Book.”: http://www.treasury.gov/resource-center/tax-policy/Documents/General-Explanations-FY2014.pdf
 Heritage Libertad: http://www.libertad.org/
 “lowering” U.S. rhetoric: http://www.weeklystandard.com/blogs/kerry-arrives-skorea-says-nkorea-will-not-be-accepted-nuclear-power_716261.html?page=1
 North Korea’s nuclear capabilities: http://blog.heritage.org/2013/04/11/assessing-north-korean-nuclear-capabilities/
 honoring Margaret Thatcher: http://heritageaction.com/2013/04/democrats-are-blocking-resolution-to-honor-lady-thatcher/
 hack an airplane and control it using a smartphone app: http://www.businessweek.com/articles/2013-04-12/hacking-an-airplane-with-only-an-android-phone
 Join us at noon ET: http://blog.heritage.org/2013/04/11/watch-google-hangout-on-heritage-foundation/
Copyright © 2011 The Heritage Foundation. All rights reserved.