PP addressed Geo. Washington U's student body Wednesday pasted. Spoke like he was on the campaign trail. I suppose that's true to him, but it was about his plans to cut the current deficit/ debt and to offer his 2012 OP Budget. It was quite confusing indeed. There was no cheers but one hand clammping during the ~ half hour talk. A key issued was that he was delegating these critical issues to "GI", who at one point was sound asleep.
Key points in the address:
-Keep spending low, $4T in 12 years.
-Cut military spending $400 B in 12 years.
-Reduce health care cost $500 T in 12 years.
-Tax the hell out of the top 1 % earners.
-Eliminate tax deductions for the top 2% of earners
-Borrow less money*.
_Nothing new, same message.
*My comment: Since no foreign nations wants to buy more US IOU,s, Gentle Ben is having the Fed Reserve buy Treasuries Bills, and keeps the printing presses going
24/7. The presses are suppose to shut down in 3Q11, which will be interesting.
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