President Obama claimed significant progress in deficit reduction, called for additional tax hikes and pushed dozens of new programs that he says won’t add a dime to the deficit.
However, Club for Growth founder and Wall Street Journal economist Stephen Moore told WND the facts show Obama is not at all serious about reducing our deficit and is engaging in budgetary sleight of hand when it comes to his agenda.
In his speech, Obama said he and members of Congress have already agreed to $2.5 trillion in deficit reduction and are on the way to fiscal stability. Moore said technically those cuts are scheduled to take effect in the next few years, but he’s very skeptical that they’ll actually happen....
Dr. Joel Beeke | 11/11/2012
