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Old 09-05-2012, 11:41 AM
 
Location: Charlotte
12,642 posts, read 15,602,495 times
Reputation: 1680

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The Center on Budget and Policy Priorities indulged this idea back in May: Source

If Social Security and Medicare are spared from cuts, then to get federal spending under 20 percent of GDP while holding defense spending at 4 percent of GDP, “all other programs — including Medicaid, veterans’ benefits, education, environmental protection, transportation, and SSI — would have to be cut by an average of 40 percent in 2016 and 57 percent in 2022.”

Consider what the Romney campaign, then, is saying:

If Romney is elected, then by his third year in office, every single federal program that is not Medicare, Social Security, or defense, will be cut, on average, by 40 percent.

That means Medicaid, infrastructure, education, food safety, road safety, the postal service, basic research, foreign aid, housing subsidies, food stamps, the Census, Pell grants, the Patent and Trademark Office, the FDA — all of it has to be cut by, on average, 40 percent.

If Romney tried to protect any particular priority, it would mean all the others have to be cut by more than 40 percent.Source

Interesting.
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Old 09-05-2012, 11:49 AM
 
Location: Raleigh, NC
20,054 posts, read 18,288,764 times
Reputation: 3826
It's better to just let it all collapse so we can have 100% cuts on everything, eh?
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Old 09-05-2012, 11:52 AM
 
69,368 posts, read 64,128,317 times
Reputation: 9383
Quote:
Originally Posted by summers73 View Post
It's better to just let it all collapse so we can have 100% cuts on everything, eh?
Theres still checks in the checkbook, whats the problem?
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Old 09-05-2012, 11:52 AM
 
Location: South Carolina
8,145 posts, read 6,533,829 times
Reputation: 1754
Quote:
Originally Posted by walidm View Post
The Center on Budget and Policy Priorities indulged this idea back in May: Source

If Social Security and Medicare are spared from cuts, then to get federal spending under 20 percent of GDP while holding defense spending at 4 percent of GDP, “all other programs — including Medicaid, veterans’ benefits, education, environmental protection, transportation, and SSI — would have to be cut by an average of 40 percent in 2016 and 57 percent in 2022.”

Consider what the Romney campaign, then, is saying:

If Romney is elected, then by his third year in office, every single federal program that is not Medicare, Social Security, or defense, will be cut, on average, by 40 percent.

That means Medicaid, infrastructure, education, food safety, road safety, the postal service, basic research, foreign aid, housing subsidies, food stamps, the Census, Pell grants, the Patent and Trademark Office, the FDA — all of it has to be cut by, on average, 40 percent.

If Romney tried to protect any particular priority, it would mean all the others have to be cut by more than 40 percent.Source

Interesting.
If he wins I want him to cut those programs as well. I want this stupid Country to suffer if we let bigotry and racism win. I hope romney succeeds to dismantle the middle class. We all will have earned it
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Old 09-05-2012, 11:52 AM
 
Location: The land of infinite variety!
2,046 posts, read 1,500,526 times
Reputation: 4571
Kind of like his 'trickle down' theory, but in a bad way. States will bear the brunt of the expenses and state taxes will go up to compensate for the lost government revenue.
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Old 09-05-2012, 11:54 AM
 
Location: Great State of Texas
86,052 posts, read 84,509,263 times
Reputation: 27720
Quote:
Originally Posted by Mayiask View Post
Kind of like 'trickle down', but in a bad way. States will bear the brunt of the expenses and state taxes will go up to compensate for the lost government revenue.
Don't think it's not already happening. And states that have no state income tax are raising their property tax rates and service rates all over.
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Old 09-05-2012, 11:58 AM
 
Location: The land of infinite variety!
2,046 posts, read 1,500,526 times
Reputation: 4571
Quote:
Originally Posted by HappyTexan View Post
Don't think it's not already happening. And states that have no state income tax are raising their property tax rates and service rates all over.
I know it is already happening, but this will just add to that.
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Old 09-05-2012, 11:58 AM
 
Location: Area 51.5
13,887 posts, read 13,676,249 times
Reputation: 9174
Romney’s BUDGET: Required, 40% Cut to Everything but Medicare, Social Security, and Defense

That's a fiscal dream come true. I would LOVE LOVE LOVE to see this.

And some things, such as EPA, GSA........cut 'em by 90%.
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Old 09-05-2012, 12:00 PM
 
Location: Las Vegas
5,864 posts, read 4,981,656 times
Reputation: 4207
Quote:
Originally Posted by walidm View Post
The Center on Budget and Policy Priorities indulged this idea back in May: Source

If Social Security and Medicare are spared from cuts, then to get federal spending under 20 percent of GDP while holding defense spending at 4 percent of GDP, “all other programs — including Medicaid, veterans’ benefits, education, environmental protection, transportation, and SSI — would have to be cut by an average of 40 percent in 2016 and 57 percent in 2022.”

Consider what the Romney campaign, then, is saying:

If Romney is elected, then by his third year in office, every single federal program that is not Medicare, Social Security, or defense, will be cut, on average, by 40 percent.

That means Medicaid, infrastructure, education, food safety, road safety, the postal service, basic research, foreign aid, housing subsidies, food stamps, the Census, Pell grants, the Patent and Trademark Office, the FDA — all of it has to be cut by, on average, 40 percent.

If Romney tried to protect any particular priority, it would mean all the others have to be cut by more than 40 percent.Source

Interesting.
Oh great so he's going to cut everything except three of the biggest drivers of debt. I also am highly skeptical that Romney would even propose such cuts.
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Old 09-05-2012, 05:41 PM
 
Location: Charlotte
12,642 posts, read 15,602,495 times
Reputation: 1680
Default soo...Back to the thread.

Romney doesn't seem capable of the strength necessary to push through his proposals...

The cuts that would be required under the Romney budget proposals in programs such as veterans’ disability compensation, Supplemental Security Income (SSI) for poor elderly and disabled individuals, SNAP (formerly food stamps), and child nutrition programs would move millions of households below the poverty line or drive them deeper into poverty.

The cuts in Medicare and Medicaid would make health insurance unaffordable (or unavailable) to tens of millions of people.

The cuts in non-defense discretionary programs — a spending category that covers a wide variety of public services such as elementary and secondary education, law enforcement, veterans’ health care, environmental protection, and biomedical research — would come on top of the deep cuts in this part of the budget that are already in law due to the discretionary funding caps established in last year’s Budget Control Act (BCA).Source
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