The Cato Institute has a new video highlighting the misleading nature of Washington's jargon over the projected "$2 trillion" in "cuts" over the next decade as a deal for increasing the debt ceiling.
As the video shows, the $200 billion per year in cuts projected over the next decade are really just across the board "trims" to the budget baseline, while allowing the actual spending to increase by $1.8 trillion over the same time frame.
Of course, without a Balanced Budget Amendment to the Constitution, this Congress is incapable of binding any future Congresses to their projected spending plan -- meaning the "cuts" aren't even guaranteed.
Our political leaders spending precious time demagoging the issue of budget cuts is tantamount to the story of the Roman Emperor Nero playing his fiddle while Rome burned around him.
Washington, D.C. is burning... what are your leaders doing about it?
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