‘It is clear we must enter an age of austerity,” House minority leader Nancy Pelosi mourned as she endorsed Harry Reid’s proposal for raising the debt ceiling. Austerity? Really?The Reid plan would theoretically cut spending by $2.7 trillion over ten years. Even if that were true, it would still allow our national debt increase by some $10 trillion over the next decade. But, of course, the $2.7 trillion figure is mostly fiction. About $1 trillion of the savings would come from the eventual end of the wars in Iraq and Afghanistan, savings that were going to occur...
Source: http://www.realclearpolitics.com/2011/07/27/let039s_not_pretend_this_is_austerity_260197.html
Harry Reid Mitch McConnel Rush Limbaugh George Bush George W. Bush
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