The proposed cuts, if adopted by Congress, would not actually reduce government spending. Obama's budget would increase overall spending; any savings from the program terminations and reductions would be shifted to the president's priorities.
But the more likely outcome, budget analysts said, is that few to none of the programs targeted by Obama will be terminated. Presidents from both parties have routinely rolled out long lists of spending cuts -- and lawmakers from both parties routinely ignore them.
Emphasis added. The budget will increase. Again. Just like every budget since I've been alive. And yet they lie and lie and lie and the news media plays along and we all act like we can't look at two numbers and see that number B is bigger than number A. We deserve whatever happens to us.
Speaking of lying, how do you make dismal economic news sound like good news?
New jobless claims plunge
But the total number of people receiving jobless benefits climbed to 6.35 million, a 14th straight record.
So the acceleration in the rate that jobs are being lost is beginning to level off. Green shoots! Everyone run out and buy GM stock! Let's see; if a company loses $9.78 per share and the shares are trading at $1.60 per share, those shares worth, um.... carry the 7.... divide by pi.... Oh, to hell with it! It doesn't matter because the Obamessiah is going to run GM! We're saved!
Someone should explain to the emperor that there is a difference between confidence and arrogance.
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