**
Scotty Starnes posted: " So Obama has now doubled the national debt in
just 4 years. I must explain this to low-information Obamasites. Obama came
into office with a $10.2 trillion national debt. It is now at $16.4 and
raising. Add the $4 trillion to the $16.4 trillion and yo" Respond to
this post by replying above this line
New post on *Scotty Starnes's Blog*
<http://scottystarnes.wordpress.com/author/scottystarnes/> CBO: Senate’s
Fiscal Cliff Deal Adds $4 Trillion to National Deficit Over Ten
Years<http://scottystarnes.wordpress.com/2013/01/01/cbo-senates-fiscal-cliff-deal-adds-4-trillion-to-national-deficit-over-ten-years/>
by
Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>
[image:
Obama-Laughing-At]<http://scottystarnes.wordpress.com/2013/01/01/cbo-senates-fiscal-cliff-deal-adds-4-trillion-to-national-deficit-over-ten-years/obama-laughing-at/>
So Obama has now doubled the national debt in just 4 years. I must explain
this to low-information Obamasites. Obama came into office with a $10.2
trillion national debt. It is now at $16.4 and raising. Add the $4 trillion
to the $16.4 trillion and you get $20.4 trillion in just 4 years.
>From The
>Hill<http://thehill.com/blogs/on-the-money/economy/275095-cbo-fiscal-cliff-deal-carries-4-trillion-price-tag>
:
The Senate deal to avoid the "fiscal cliff" will add roughly $4 trillion to
the deficit when compared to current law, according to new numbers from the
Congressional Budget Office (CBO).
The CBO determined Tuesday that the package, hammered out late Monday
evening by Vice President Biden and Senate Minority Leader Mitch McConnell
(R-Ky.) would — over the next decade — come with a $3.9 trillion price tag.
The agreement, which is pending before the House after passing in a 89-8
Senate vote early Tuesday, would extend lower tax rates on annual household
income under $450,000 and postpone automatic spending cuts for two months.
The extension of lower tax rates for a bulk of the nation's taxpayers and
the addition of a permanent patch to the alternative minimum tax would add
roughly $3.6 trillion to the deficit over the next decade, the CBO said.
Other individual, business, and energy tax extenders would add another $76
billion. The extension of unemployment benefits would cost roughly $30
billion, and the so-called "doc fix" would tally another $25 billion
through fiscal 2022.
The CBO says the budget agreement will lead to an overall increase in
spending of about $330 billion over 10 years.
Continue
reading>>><http://thehill.com/blogs/on-the-money/economy/275095-cbo-fiscal-cliff-deal-carries-4-trillion-price-tag>
*Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>
* | January 1, 2013 at 3:20 PM | Tags: $4
trillion<http://scottystarnes.wordpress.com/?tag=4-trillion>,
deficits <http://scottystarnes.wordpress.com/?tag=deficits>, fiscal cliff
deal <http://scottystarnes.wordpress.com/?tag=fiscal-cliff-deal>, national
debt <http://scottystarnes.wordpress.com/?tag=national-debt>, President
Obama <http://scottystarnes.wordpress.com/?tag=president-obama>,
Senate<http://scottystarnes.wordpress.com/?tag=senate>| Categories:
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