Posted on 07/28/2011 12:27:32 PM PDT by Sporke
We are screwed.
I was watching C-span and the House had a vote on an amendment to cut 11 million from the National Endowment for the Arts.
It failed because 55 Republicans joined all the Democrats in voting against it.
If we can't cut 11 million from a worthless program, what hope do we have?
Sad but true!
I’m not worked up over anything. I always expect the republicans to cave; they always do; nothing new under the sun.
I agree with you that 11 million is nothing, in the grand scheme of things, but if they can’t even cut 11 million, from a program like that (a want, not a need), then what WILL they cut????
I get tired of politicians saying “if we cut this program, it would only save .05% of the budget” or some drivel like that, when in reality, if they would cut the little things, eventually it would add up to real savings.
Why play the game of picking and choosing winners and losers? Pick a percentage and order the cut across the boards. Let the department heads and middle managers decide how they are going to get to their funding allocation.
Agreed on old republicans, not so true of the newer Tea Party inspired republicans. We need to recycle all the fiscal RINO’s out.
I did some checking this week and found that the federal portions of the budgets of the National Endowment for the Arts, the Corporation for Public Broadcasting, and other "arts" programs adds up to almost $1 billion. To paraphrase Darth Sidious, "Cut them. Cut them all."
That's a target to hit.
Simply going after the employees won't touch the grants since the Executive will take existing authority and transfer it to another "agency" ~ maybe the National Security apparatus.
Outside of Food Stamps, USDA (Department of Agriculture) has over $100,000,000,000 in grants and "program" funds available every year.
Just two agencies and I can come up with GRANTS equal to half the entire federal employee salary totals.
You guys spend 10 times the effort in getting rid of a handful of federal government workers.
If you are serious about cutting the cost of government GO AFTER THE GRANTS!
They see no reason why either should be cut as long as you have Department of Transportation giving grants for USELESS high speed passenger rail service. Ray LaHood announced another nearly $10 billion in grants this week.
Education continues to give grants, as does Labor and Commerce and State Department!
just sent Boehner and my rep. a letter. hold the line.
That's what Harry Reid told us yesterday and today.
The Democrats will accept nothing less than a major tax increase, and they want the Republicans to give it to them.
The amendments didn't pass because they simply do not achieve the objective, and would otherwise be used as an excuse by Democrats to vote against this rather innocuous bill.
The logic here is kind of like "Hamburger Hill". Nobody wins, but somebody can lose. The Democrats can see that they are trapped and will attempt to withdraw, but the Republicans have some aerial bombing to do in 2 months when FY 2012 begins.
It's already out there.
Now, for the relevance of S&P, NO ONE uses them as a reference for purchasing US securities ~ maybe your company's securities, but not that of this country. Just doesn't happen.
Besides we have VAST resources which includes 1/3 of the total US land mass. Our federal government's actual wealth DWARFS that of almost every country in the world ~ and is the ultimate asset that backs our credit worthiness.
If you were a private company that owed $1000 and had property worth $100,000, you would hardly be bankrupt
America is finished. Face it.
Perhaps, but the NEA is joined at the hip with the teachers' unions and a symbol for those grants.
So you want to cut 100% of all programs that collectively amount to rounding errors in the budget numbers, but leave alone the fraudulent ponzi schemes set up by avowed socialists like Roosevelt and LBJ. What does that make you?
You’re the guy who wants to take Social Security payments and spend them on useless highspeed passenger rail systems.
One has to be smoking something really good to think Federal gov’t has assets 100,000 times national debt. The entire world assets amount to only $140 Trillion.
http://bigpicture.typepad.com/comments/2007/01/worlds_assets_h.html
And anyone with Econ101 knows assets are worth only what can be sold on the market. According to your post the Feds have 100,000 times assets of the debt. Even taking the current debt of $14.3 Trillion x 100,000 = 1,400,000 Trillion required to sell federal assets. Only God has that much money. Even the milky way galaxy may not add up to 1,400,00 Trillion.
Like I said one has to be smoking something extraordinary to come up with such fantasy numbers.
I thought not.
We have assets ~ vast resources ~ all untapped ~ others manufactured.
Our Department of Defense could easily be put to work collecting tribute!
“America is finished. Face it.”
You’re preachin to the choir. Part of me is amazed how politicians get away with the same crap, year after year after year, and still get reelected. It’s amazing, and amazingly sad if ya think about it.
I honestly think in the not to distant future, our politicians will be unable to return to their districts, because of fears for their lives. We all deserve part of the blame for electing the PsOS, but they have gone above and beyond the call of duty as far as enriching themselves at our expense.
I’m as ready as I can be for the upcoming revolution. It won’t be fun, but it’ll be necessary, and it might even have a happy ending. :)
But that was just an example.
The point was about PROPERTY. If you are short cash you get a mortgage against your property. Goes on every day.
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