President Obama’s spending cut claim doesn’t hold up, and Americans get stuck with a $1.1 trillion tax bill
Obama’s Fake Budget Marketing Exposed
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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.