Obama lied, your tax dollars died.
Budget Panel: Obama Deficit Plan Saves Less Than Advertised - FoxNews.com
A leading panel of budget experts estimated Thursday that President Obama's latest spending plan does not save as much money as the White House initially claimed and is about $1.5 trillion more expensive than the Republican plan.The Committee for a Responsible Federal Budget also dialed back Republican claims about their spending plan. Though Rep. Paul Ryan, R-Wis., the plan's author, claimed it would cut $4.4 trillion over a decade, the committee said it would cut more like $4 trillion in that period.
That still leaves $1.5 trillion separating the two plans, in an apples-to-apples comparison, raising questions about administration claims that Republicans and Democrats agree on how much to cut.
The new estimates also showed the GOP plan would bring the debt down to about 69 percent of GDP by 2021. By contrast, Obama's plan would bring the debt to 77 percent of GDP, the report said.
The committee is composed of former officials from the CBO, the White House Office of Management and Budget and other key offices.