Gingrich, Steele versus Obama

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Moments ago the President, flanked by ‘average’ citizens, promised us he is deeply concerned about taxation, federal spending and the national debt.  He assured us he is doing everything possible to reduce taxes, cut spending and simplify the tax code.

The facts tell us a different story.

RNC Chairman Michael Steele stated yesterday the President has proposed $5 TRILLION in NEW spending, and tax increases amounting to $1.5 TRILLION.

This morning, Newt Gingrich shared the following information:

  • If you’re a 50-year old-with a college degree, you will pay approximately $81,000 over your working life just to pay the interest on the debt in the Obama budget.

 

  • If you’re a 40-year-old, you’ll pay $132,000.

 

  • And if you’re a 20-year-old, just starting out after college, you will pay a whopping $114,000 just to service the interest on the debt created by the Obama budget.

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