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Various news reports have discussed proposals involving $3 trillion in cuts over the next 10 years, with $1 trillion in increased taxes.
What DC typically refers to as a cut, is a reduction in an increase in spending. Propose spending an extra $100 billion, actually spend $60 billion and claim they cut spending $40 billion, while actually increasing by 60. Have any news reports been detailed enough to know what is being proposed? Are we talking actual cuts (based on our current, unsustainable rate of spending), or mearly bogus reductions in spending increases? DC speak (by both parties) is entirely different than what the rest of the world does.
That's how Washington always is. When they talk about cut, it mean cutting future increase in spending. By spending less in the future, it means cutting.
All they're trying to do is anything to kick the can past the '12 election. They aren't cutting anything. What is 300 billion a year gonna do anyway? NOTHING. That would just get rid of this year and next years proposed spending. What about the other 8 years? Are they gonna spend what they take in? Fact is in ten years I'm sure mandatory spending will eat all that up anyway. We don't revamp that then it's all a waste of time.
What DC typically refers to as a cut, is a reduction in an increase in spending. Propose spending an extra $100 billion, actually spend $60 billion and claim they cut spending $40 billion, while actually increasing by 60.
I noticed that kind of math myself, the Democrats were using it extensively during the budget battle. They would base everything on Obama's proposed budget that never passed. Forget what agency it was but I think it might have been the EPA that would have seen very slight increase in funding over the previous year with GOP proposal. Since Obama's budget called for very large increase the Democrats were claiming it was a massive cut.
Inflation due to mandatory interest payments on debt notes we call dollars. Basically the government is paying more and getting less. And we bear the brunt of the debt based economic system, where bankers are able to controll trillions of imaginary money to effect Wall St. and Main St. for any of their whims. Something tells me we are going to see a lot more people learning about the Fed these couple of years.
And people were wondering about the purpose of the Bush tax cuts. It was known in advance that even the rich were going to have a hard time, so they gave them a little safety net before the true plunge occurs and the dollar is worth nothing.
Yeah..but the taxes are NOW and the cuts are LATER.
That will not solve our problems.
False, the tax cuts for the rich won't be restored to their previous rates until 2013, the spending cuts would start now.
Spending cuts along with restoring the tax rates will solve the problem. Clinton proved this with his soaring economy.
Inflation due to mandatory interest payments on debt notes we call dollars. Basically the government is paying more and getting less. And we bear the brunt of the debt based economic system, where bankers are able to controll trillions of imaginary money to effect Wall St. and Main St. for any of their whims. Something tells me we are going to see a lot more people learning about the Fed these couple of years.
And people were wondering about the purpose of the Bush tax cuts. It was known in advance that even the rich were going to have a hard time, so they gave them a little safety net before the true plunge occurs and the dollar is worth nothing.
Clinton was lucky to be in power during one of those rare occurrences, in his case the dotcom boom. Even Obama couldn't have screwed that up.
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Tried to rep you,good post.
