President Obama will announce a proposal on Monday to tame the nation’s rocketing federal debt, calling for $1.5 trillion in new revenue as part of a plan to find more than $3 trillion in budget savings over a decade, senior administration officials said.
Hey, “DUDE”: A tax increase is not a savings. It’s an increase in spending. This administration would embarress even Big Brother with his NewSpeak campaign. Of course, it helps when the fourth estate is basically your public relations operation.