The fourth step in our approach is to reduce spending in the tax code, so-called tax expenditures.Since when does raising taxes mean "reduc[ing] spending"? As Bryan Preston says on Pajamas Media:
Love ‘em or hate ‘em, cutting someone’s tax rate does not equal an increase in spending, in the tax code or anywhere else. It’s simply money the government doesn’t take in. Therefore, getting rid of their tax cut does not equal eliminating a 'spending reduction' in the tax code. Or anywhere else.Still, as PoliPundit quips, "at least he’s not calling them 'kinetic spending action.'"
I’d like to commend President Obama for his backhanded honesty on this, though. He has finally admitted that he thinks the money that you work for belongs to the government before it belongs to you. He just had to utter the most Orwellian phrase ever spoken by an American president to get the admission out there.