My confusion comes from the revenue projections as the White House has the decency to not even pretend they will try to cut spending.
Question: Mr. Obama, how do you plan to raise revenue from $2.174 trillion in 2011 to $3.003 trillion in two years in the face of a collapsing economy with no tax increases?
Answer: Next question please.
2011 projected revenue: $2.174 Trillion
2011 projected spending: ($3.819 Trillion)
2011 projected deficit: ($1.645 Trillion)
2012 projected revenue: $2.627 Trillion
2012 projected spending: ($3.729 Trillion)
2012 projected deficit: ($1.101 Trillion)
2013 projected revenue: $3.003 Trillion
2013 projected spending: ($3.771 Trillion)
2013 projected deficit: ($768 Billion)
2014 projected revenue: $3.333 Trillion
2014 projected spending ($3.977 Trillion)
2014 projected deficit: ($645 Billion)
2015 projected revenue: $3.583 Trillion
2015 projected spending: ($4.190 Trillion)
2015 projected deficit: ($607 Billion)
