Obama issues a budget, ??????

FROM DRUDGE REPORT

Early analysis: Obama's 2014 budget numbers are based on bad math, phantom revenues, imagined spending cuts and a middle-class tax hike

• White House promises $1.8 trillion in deficit reduction, although similar previous claims have been debunked
• New method of measuring cost-of-living increases will lower benefit payouts and push middle-class earners into higher tax brackets
• Speaker Boehner's spokesperson: 'Any deficit reduction will come exclusively from tax hikes'
• Administration's formula depends on cost savings from Obamacare, which may be more costly to implement than previously thought

Read more: http://www.dailymail.co.uk/news/article-2306688/Obama-2014-budget-analysis-Numbers-based-imagined-spending-cuts-middle-class-tax-hike.html#ixzz2Q3wCttTv
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