Obama's Spending Cuts...
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.
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