WASHINGTON — President Barack Obama tried to have it both ways Tuesday with an election-year budget that paid faint lip service to reducing federal deficits, then piled on about $1 trillion in tax increases and hundreds of billions in higher spending designed to appeal to economically squeezed voters rather than congressional foes of red ink.
One trillion in higher taxes (revenue), minus hundreds of billions of higher spending (spending), leaves several hundred billions (for deficit reduction).
Anyway…AP has been slipping for a while now, this is a perfect example of how.
Robot Pirate Ninja 