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Tuesday, March 03, 2009

Obama's Spending Cuts...

About those spending cuts that Obama claims he is making. I've been thinking how he could ever possibly come up with that whopper. http://ace.mu.nu/archives/283737.php has the answer:

So here's how he comes up with $1.6 trillion of his $2 trillion in "cuts:" He takes the 2008, peak-of-the-surge cost of the Iraq War as our permanent Iraq War spending baseline. He extends that out ten years -- including goosing it down the line for inflation.

Then he notes that he's ending a war which was actually pretty much ended by our troops (and the Iraqis, too) by defeating Al Qaeda and ending the insurgency.

Then he says, "Hey, man, look -- every year I'm going to be saving money on those Iraq War costs! Count it as a 'cut'!"

That sounds about right. I frankly couldn't come up with any other way he is going to really cut spending; it's just this fictitious spending that he's cutting.