Decades ago, the methods used for teaching mathematics in schools around the country were changed. The modernized version was called "the new math." Now, Democrats in the Senate have come forward with their own new version of mathematics. Properly it should be called "garbage", but to be charitable, I think we should rename it the "new new math." Let me explain:
As you must know by now, the process of sequestration is supposed to begin on March 1. Under sequestration, there will be cuts of $1.2 trillion over the next decade in federal spending. To be precise, there will be a reduction in the increase of federal spending during that time of $1.2 trillion. For the rest of this year, the reduction will be $85 billion. Late last Friday, just before leaving town for a week on vacation, the Democrats announced their plan to avoid the sequestration. The Democrats said that their plan would total $110 billion which would be composed of $55 billion in tax increases and $55 billion in spending cuts. Under normal math, that would sound like the Democrats were actually cutting an additional $25 billion out of the deficit, but the Democrats used the new new math. You see, both the cuts and the taxes that the Democrats propose will phase in over ten years. For the rest of this year, the total spending cuts are less than $5 billion and the tax increases are also under $5billion. That's right, the Democrats want to prevent $85 billion in cuts this year by shifting to a plan that will only cut the deficit by about $9 billion this year instead, with most of that being through tax increases.
The truth is that the "plan" of the Democrats is an outrage. It is an exercise in deception intended to deceive the American people into believing that the Democrats are serious about reducing deficit spending. In reality, however, the plan of the Democrats is confirmation that they cannot bring themselves to cut spending. Clearly, they are addicted to spending. We all are paying the price for that addiction.
As you must know by now, the process of sequestration is supposed to begin on March 1. Under sequestration, there will be cuts of $1.2 trillion over the next decade in federal spending. To be precise, there will be a reduction in the increase of federal spending during that time of $1.2 trillion. For the rest of this year, the reduction will be $85 billion. Late last Friday, just before leaving town for a week on vacation, the Democrats announced their plan to avoid the sequestration. The Democrats said that their plan would total $110 billion which would be composed of $55 billion in tax increases and $55 billion in spending cuts. Under normal math, that would sound like the Democrats were actually cutting an additional $25 billion out of the deficit, but the Democrats used the new new math. You see, both the cuts and the taxes that the Democrats propose will phase in over ten years. For the rest of this year, the total spending cuts are less than $5 billion and the tax increases are also under $5billion. That's right, the Democrats want to prevent $85 billion in cuts this year by shifting to a plan that will only cut the deficit by about $9 billion this year instead, with most of that being through tax increases.
The truth is that the "plan" of the Democrats is an outrage. It is an exercise in deception intended to deceive the American people into believing that the Democrats are serious about reducing deficit spending. In reality, however, the plan of the Democrats is confirmation that they cannot bring themselves to cut spending. Clearly, they are addicted to spending. We all are paying the price for that addiction.
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