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Old 01-15-2011, 01:39 PM
 
Location: Sango, TN
24,868 posts, read 24,375,785 times
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Quote:
Originally Posted by sanrene View Post
Well, the GOP is closer to 20% I believe.

Without SS reform - means testing for the wealthy - which I don't know WHY hasn't been done before now - raising the retirement age, etc.

And then there is Medicare, that unsustainable, bloated, tens of TRILLIONS in liabilities entitlement program.

Defense also needs to be cut, at least 20%. They can live with what they lived with 3 years ago.
The problem with cutting to much out of the budget is that it would have a detrimental effect on the economy. Lets face it, the government is a huge consumer of goods.

So we should make an initial cut that would balance the budget, not give us a surplus, just balance.

Its kind of like the tax cut repeal hurting the economy. I understand raising taxes has a negative effect on the economy, when you do it to everyone. But with targeted tax hikes you can raise taxes to a minimal level, without slowing the economy.
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Old 01-15-2011, 01:40 PM
 
Location: Chicagoland
41,325 posts, read 44,926,642 times
Reputation: 7118
The GOP is going to take spending back to pre-2009 levels - which will shave about a trillion off the budget.
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Old 01-15-2011, 01:47 PM
 
Location: Sango, TN
24,868 posts, read 24,375,785 times
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Quote:
Originally Posted by sanrene View Post
The GOP is going to take spending back to pre-2009 levels - which will shave about a trillion off the budget.
No where near enough. We are running about 150 billion per month short on our budget.

Thats about 1.8 trillion for the year short.

JPMorgan economist says he expects the budget to be 1.5 trillion short this year, and about 1.2 trillion next year. Of course that was before the trillion dollar stimulus they signed in the lame duck session.

And the GOP's numbers don't add up either.
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Old 01-15-2011, 02:18 PM
 
Location: Chicagoland
41,325 posts, read 44,926,642 times
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Quote:
Originally Posted by Memphis1979 View Post
No where near enough. We are running about 150 billion per month short on our budget.

Thats about 1.8 trillion for the year short.

JPMorgan economist says he expects the budget to be 1.5 trillion short this year, and about 1.2 trillion next year. Of course that was before the trillion dollar stimulus they signed in the lame duck session.

And the GOP's numbers don't add up either.
Yes, what a friggin mess the dems/obama have made, making a bad situation tens times worse.

Taking the budget back to pre-2009 levels is a START, much more than anything the dems would do, in fact, they would continue to spend and the programs they have enacted, like obamacare, will be adding trillions more.
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Old 01-15-2011, 02:20 PM
 
Location: Sango, TN
24,868 posts, read 24,375,785 times
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Quote:
Originally Posted by sanrene View Post
Yes, what a friggin mess the dems/obama have made.
The Bush administration and Republican party passed legislation that increased the deficit by 7 trillion dollars in one day.

Both parties are to blame. I keep hoping you'll see that. Its the same Republicans in charge now, and they are purposing the exact same things they did under Bush. Most of President Obama's foreign policy and bills that he has pushed was pushed by Republicans before and during the Clinton administration.

After 2000, this country went to hell in a hand basket. If we can just repeal everything that was done after that date until now, and reset back to then, I think we'll be alright.
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Old 01-15-2011, 02:21 PM
 
Location: OCEAN BREEZES AND VIEWS SAN CLEMENTE
19,893 posts, read 18,435,269 times
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Quote:
Originally Posted by sanrene View Post
It would be a massive, tiresome, monotonous endeavor, but we should take a peek at the programs, the requests for funding, that are actually in the budgets of the various departments and their sub, subs. It is just mind boggling, tedious and bloated beyond all measure.

To really get to the bottom of where the money is going, you really have to commit some time and effort and LOOK at what they're spending our money on.

There are thousands of outlandish, wasteful "luxuries" in these budgets.
As usual your right, and your last line has said it all in a nutshell!
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Old 01-15-2011, 02:29 PM
 
31,387 posts, read 37,029,506 times
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Quote:
Originally Posted by sanrene View Post
The GOP is going to take spending back to pre-2009 levels - which will shave about a trillion off the budget.
Discretionary spending, the only thing that you can cut, was $1.39 trillion, 38% of total spending. Half of that total went to Defense and Homeland security. You could completely shut down HHS, DOT, HHD, Ag and Education entirely and all you would get for the effort would be $553 billion.
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Old 01-15-2011, 02:38 PM
 
9,855 posts, read 10,408,647 times
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Quote:
Originally Posted by sanrene View Post
Poll: Americans Split on What to Cut from Government - Political Hotsheet - CBS News



Most inherently know we cannot continue on the path of massive spending and debt we have seen the last few years.

What is hilarious in the reporting on this poll is the headline by CBS;



Is that REALLY the "news" of this poll?
Any American who is aware of the deficit knows that we cannot keep spending. More people are drawing benefits than there are paying taxes.
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Old 01-15-2011, 02:54 PM
 
Location: Chicagoland
41,325 posts, read 44,926,642 times
Reputation: 7118
Quote:
Originally Posted by Memphis1979 View Post
The Bush administration and Republican party passed legislation that increased the deficit by 7 trillion dollars in one day.

Both parties are to blame. I keep hoping you'll see that. Its the same Republicans in charge now, and they are purposing the exact same things they did under Bush. Most of President Obama's foreign policy and bills that he has pushed was pushed by Republicans before and during the Clinton administration.

After 2000, this country went to hell in a hand basket. If we can just repeal everything that was done after that date until now, and reset back to then, I think we'll be alright.
The GOP is not to blame for the dems/obama increasing the debt by 60% in 4 years or increasing the deficit ten-fold.

$7 Trillion in one day?

Can't wait to hear this.

Oh, just to remind you, tax cuts don't cost the government a DIME, unless you believe that money belongs to the government to begin with.
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Old 01-15-2011, 05:23 PM
 
Location: Sango, TN
24,868 posts, read 24,375,785 times
Reputation: 8672
Quote:
Originally Posted by sanrene View Post
The GOP is not to blame for the dems/obama increasing the debt by 60% in 4 years or increasing the deficit ten-fold.

$7 Trillion in one day?

Can't wait to hear this.

Oh, just to remind you, tax cuts don't cost the government a DIME, unless you believe that money belongs to the government to begin with.
Medicare part D
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