Obama's 'Trillion Dollar' Tax-Cut Fiction

Two days before the last night’s presidential debate, the Washington Post’s frenetic blogger Ezra Klein wrote that “Romney’s tax cuts cost $5 trillion over 10 years before his (unnamed) offsets. Extending the Bush tax cuts on income over $250,000 adds another $1 trillion. Then there’s the $2 trillion in new defense spending. So before Romney can cut the deficit by a dime, he has to come up with $8 trillion in offsets and savings for these plans.”

Obama echoed Klein’s remarks quite closely in the second debate, but the figures are pure fiction.

Read Full Article »

Related Articles

Market Overview
Search Stock Quotes
Partner Videos