The Goal Of Obama’s Fiscal Commission Is NOT! To Balance The Budget

On February 3, 2010, in Debt, Obama, Uncategorized, by admin

The President defines the Commission’s short-term job as “balancing the budget excluding interest payments on the debt by 2015.”

This means the President’s goal is to run a budget deficit in 2015 that does not exceed the amount the government will spend on interest in that year. This is not a balanced budget goal. It’s a deficit reduction goal that falls far short of balance. The Administration is using clever language to make it sound like a balanced budget goal.

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