The President's new economic plan is out. He plans to drastically reduce the deficit... with borrowed money...?
Wasn't that the OLD plan?
According to the nonpartisan Congressional Budget Office (CBO) analysis:
"Over the 2013-2022 period, the cumulative deficit that would result from enacting the President's budget -$6.4 Trillion...(or 3.2% of GDP)- would be $3.5 Trillion larger than the cumulative deficit projected under current law."
"It's math... It's arithmetic!" - B. Obama