Friday, October 26, 2012

Sequestration and an end to Bush Tax Cuts are obama's second term promises

Just days after promising he would not implement sequestration on the defense budget, obama has told the Des Moines Regester that that is exactly what he is going to do.  This economic plan will cut an estimated $1 trillion from the defense budget, a figure many say will devastate the military and force it to reduce troop strength, weapons developement and maintenance, and leave it barely able to defend the domestic borders.   In the meantime, he has also told the liberal Iowa paper that he will completely end the Bush Tax Cuts, meaning all wage earners will get a huge tax increase.

obama told the Regester this during what was originally said to be an off-the-record interview conducted by the paper as part of its endorsement process.  But the paper came under fire when it was learned that its plan to endorse obama as the candidate most serious about dealing with the budget deficit was based on an interview readers could not access.  Others had speculated that these were in obama's plans all along but that he would not  reveal them prior to the election.  Rush Limbaugh was one who claimed obama would use the sequestration to radically cut the defense budget.  However, at Monday night's debate obama said he would not implement sequestration.  Eventually, obama placed his plans on his reelection web page. and the Regester printed the interview verbatim on its website.

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