We are on the road to bankruptcy

posted by
February 15, 2012
Fox News Forum
by John Stossel  
Posted in Commentary

"President Obama said in his State of the Union speech last month, 'We’ve already agreed to more than $2 trillion in cuts and savings.' That was reassuring. The new budget he released this week promises $4 trillion in 'deficit reduction' -- about half in tax increases and half in spending cuts. But like most politicians, Obama misleads. Cato Institute economist Dan Mitchell, a recent guest on my Fox Business show, cut through the fog to get at the truth of the $2 trillion 'cut.'” (02/15/12)


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