Obama Offers $2 Billion In Cuts

Since 2008, Federal spending has soared by about $900 billion. We're looking at another $1.5 trillion+ deficit. And Barack Hussein Obama, who is trying to present himself as "the only adult in the room" can only find $2 billion dollars to cut?

What appalled McConnell was Obama’s insistence that even relatively small spending cuts be accompanied by tax increases. These were “little stuff,” one Republican says, and not particularly controversial. That wasn’t the only rollback from the Biden talks. Obama’s aides had reduced the size of the cuts.

They were also eager for Republicans to accede to precisely the tax increases​—​on corporate jet owners, the oil and gas industry, hedge funds​—​that buttress Obama’s reelection ploy of positioning himself as foe of the rich and defender of everyone else. These tax increases were presented as offsets to a specific spending reduction, but they didn’t come close.

Nor was the schedule of spending curbs offered by Obama credible. Only $2 billion would occur in 2012, with “empty promises of more to follow,” McConnell said.