Sebe, if I get you right, what is good for the goose is good for the gander. Got it, but what does that accomplish? He has to reach accross and try to start finding some middle ground. Granted the Republicans need to do the same but his speech did not speak of partisanship. It rang of the same song and dance from the last four years. I am tired of the song...
Great speach, the same ole same ole delivered by the GREATEST SPEAKER of our current times; however when you examine the substance of it, is as much an empty suit as we have heard before. I give President Obama an A+ for Delivery and a C- for substance. I'm calling it as it is :D
...and then you get the email from your senator thanking you for the votes & support over the years, BUT the truth be told the system is broken, Washington is in stalemate and he is bidding it all adieu.
Reality check: $2.5 trillion in deficit cuts
By Jeanne Sahadi @CNNMoneyFebruary 12, 2013: 11:04 PM ET
NEW YORK (CNNMoney)
How much have President Obama and Congress cut federal deficits so far?
"Over the last few years, both parties have worked together to reduce the deficit by more than $2.5 trillion," Obama said in his State of the Union address Tuesday.
What did he mean? That $2.5 trillion is the amount of deficit reduction over a decade compared to where things stood in August 2010, according to calculations from the bipartisan Committee for a Responsible Federal Budget.
Why August 2010? That was the launching point used by the president's fiscal commission chaired by Erskine Bowles and Alan Simpson.
Where does the $2.5 trillion come from? Several sources: savings from the 2011 Budget Control Act, lower spending levels enacted in temporary government funding resolutions since 2010, and the fiscal cliff deal passed at the start of this year.
In fact, the latest savings estimate is actually closer to $2.7 trillion, according to Marc Goldwein, CRFB's senior policy director.
Of that amount, $1.57 trillion comes from spending cuts, $690 billion from increased tax revenue and $430 billion from interest savings.
But how much deficit reduction has been achieved can be measured differently. For example, the savings look much smaller if you choose an earlier starting date.
That's in part because August 2010 marked a high point for federal spending on "discretionary" programs. If, say, August 2007 is the comparison point, the savings amount to only about $450 billion, according to CRFB's estimates.
The summer of 2007, of course, predated the steep drop in revenue and the more than $1 trillion in stimulus injected into the economy as a result of the financial crisis and the recession.
There has only been 600B in real deficit reduction, Brett Baier explains it here. Why doesn’t the media tell the truth, the whole truth and nothing but the truth, said Windell! Baier is a true journalist
And here’s the Texas Tenors performing Lee Greenwoods classic “God Bless the USA” on this 2013 Presidents Day.
Oooppss, here’s the Tenors :
There has only been 600B in real deficit reduction, Thank you there has been deficit reduction, can be more, but takes all working together, and until that happens, nothing will happen. No one person is right on this mess, but not working together is not the solution either.