What on earth are they thinking? There is no way we can hope to have the real money to back this up without increasing income taxes and/or add a VAT or Value Added Tax. I have property in Canada and travel there often. Some years back they put on a tax, I can't remember what they called it, but it was 15% to pay off their debt. That was a couple decades ago and it is a permanent part of the financial landscape there. When you buy goods there the tax is like near 30% total, as we call it, a sales tax. Look for something creative coming from the Obamanation.
Of course he is going to start saving money now, cutting, you know like a household would have to do. Secretary of Defense Gates has proposed and I hear Obamanation is supporting ... cutting all raises for the military. Great idea in the midst of a war. One of my Marine friends is on his 5th tour now in Afghanistan, he's 30 and a career Marine. He'll be thrilled.
And of course there is the $100M he already announced he was going to save from other cuts. Now to the average person $100M is a lot of money. Check out the video I am going to post above where a young man actually, in plain English and display, will show you how much that is ... my interpretation, if you make $50,000 a year you'd be cutting out about $50 bucks but check out the clever video.
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