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Obama Economic Plan turns the US into Greece

US Senator Lindsey Graham said President Obama’s plan to prevent American from going over the F-Cliff is “a Joke.”

“I think we are going over the cliff,” the South Carolina Republican said Sunday on CBS’ “Face the Nation.” “It’s pretty clear to me they have made a political calculation. This offer does not remotely deal with entitlement reform in a way to save Medicare and Medicaid and Social Security from imminent bankruptcy.”

Senator Graham said he supports limiting federal income-tax deductions as a way to increase government revenues and said if the deductions are targeted correctly, they will raise between $700/800-B in 10 yrs. He said Mr. Obama’s plan to hike tax rates on the wealthy will produce $400-B during that period and will hurt job creation.

“My side knows we lost the election, and we are willing to put revenue on the table that will get some political heat for people like me,” Senator Graham said. “That is movement in a positive way. The president’s plan does nothing but damn us to becoming Greece.”

Regarding the appointment of Susan Rice as the new Secretary of State following her controversial remarks about the deadly Benghazi attack, Senator Graham said he finds Ms. Rice “lacking” competence to handle such a Key position.

“I think her story on 16 September was a political story designed to help Obama 3 wks before the election, and she should be held accountable for that,” he said on CBS’ Face the Nation.

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