Obama's bluff on budget 'cuts'
The quotes from Obama on the sequester in spending are at the beginning of the clip. I just thought i'd share as often things like this are played on the BBC website or on the news channels, but with only Obama being quoted as to how these terrible 'cuts' will ruin the economy, the wealthy and yada yada yada so on and so forth. I think Senator Paul pretty much nails him to the cross and debunks his rhetoric.
So the debate in the United States is as false as the one we're having here, state spending is still increasing - all they're talking about on both sides (Republican/Democrat, and Labour-Conservative) is cutting the rate of the increase in spending.. which is rather like saying we'd rather go bankrupt next week as opposed to this week - rather than say that actually, its better not to go bankrupt at all. I read a few months back that a poll was commissioned in this country asking people whether they thought spending was going up or down, and a mere 6% at the time knew the facts - that state spending in the United Kingdom is rising and that spending is not decreasing.
Watching debt debates in this country (like on BBC Question Time on Thursday night) and in America, it's like living in a parallel universe.
Thoughts?
