Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Take A Chainsaw To The Budget (Stossel Gets It)
http://www.foxbusiness.com/on-air/stossel/blog/2011/07/29/take-chainsaw-budget-2 ^ | Jily 28, 2011 | John Stossel

Posted on 07/31/2011 12:46:05 PM PDT by truthkeeper

On my show tonight at 10pm, I lay out a way to completely get rid of the deficit.

I don't claim to be a budget expert. But others, such as Chris Edwards at Cato and Stuart Butler at Heritage, are. They found lots of serious cuts. My staff found a few more, and put together a list that would completely balance the budget:

Defense cut by 2/3: $475 billion (Federal Budget, pg. 58)
Medicare/Medicaid*: $441 billion (Cato Institute)
Social Security Means Testing: $170 billion (Heritage Foundation)
Eliminate Dept. of Education (includes Pell Grants): $106.9 billion (Cato Institute)
Social Security*: $85.7 billion (Cato Institute)
Eliminate Dept. of Transportation: $84.8 billion (Cato Institute)
Tax Amnesty: $80 billion (Rep. Jared Polis D-Co.) Eliminate Dept. of Labor*: $78.6 billion (Department of Labor and White House)
Eliminate HUD: $60.8 billion (Cato Institute)
Eliminate Dept. of Agriculture*: $33 billion (Cato Institute)
Cut civilian employee compensation: $30 billion (Cato Institute)
Stop maintaining vacant federal property: $25 billion (Heritage Foundation)
Eliminate Foreign Aid: $21.2 billion (Cato Institute)...

Read more: http://www.foxbusiness.com/on-air/stossel/blog/2011/07/29/take-chainsaw-budget-2#ixzz1TiFM9jWd

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Chit/Chat; Miscellaneous; Society
KEYWORDS: budget; debtdeal; johnstossel
Navigation: use the links below to view more comments.
first previous 1-2021-4041-52 next last
To: vbmoneyspender
-- In the War of 1812, when the British burned Washington D.C. to the ground, we learned our lesson to never fight a foreign power on American soil. --

Ummm, things have changed substantially from that time. I hope you are able to stragegize from current circumstances. -- Since then, the Monroe Doctrine has served us well ... --

The Monroe Doctine involved a geographic limitation. We have NOT been following it.

-- I prefer that hostiles not even contemplate invading America ... --

Me too, but they are here. My strategy involved massive destructive deterrant (nukes), and a "FU" attitude among a fighting populace.

-- the best way to do that is to keep our troops [away from the country] --

I disagree, moneyspender.

21 posted on 07/31/2011 1:29:38 PM PDT by Cboldt
[ Post Reply | Private Reply | To 20 | View Replies]

To: truthkeeper

.

Cut THIS sh*t!!!!

BILLIONS FOR JIHAD!

Obamas 2009 Supplemental Appropriations for Iraq, Afghanistan, Pakistan, and Pandemic Flu was revised and passed by the full committee.
It gives billions http://creepingsharia.wordpress.com/2009/05/1...
of U.S. taxpayer dollars to countries and entities that support Sharia law and/or harbor, hide and support those who want to destroy the U.S. and our allies.
Read the summary from David Obeys office that was quietly released last week with nary a word from any media.

$3.6 billion, matching the request, to expand and improve capabilities of the Afghan security forces

$400 million, as requested, to build the counterinsurgency capabilities of the Pakistani security forces

Afghanistan:$1.52 billion,$86 million above the request

West Bank and Gaza:$665 million in bilateral economic, humanitarian, and security assistance for the West Bank and Gaza

Jordan:$250 million,$250 million above the request, including $100 million for economic and $150 million for security assistance

Egypt:$360 million,$310 million above the request, including $50 million for economic assistance,$50 million for border security, and $260 million for security assistance

Pakistan:$1.9 billion,$591 million above the request

Iraq:$968 million,$336 million above the request

Oversight:$20 million,$13 million above the request, to expand oversight capacity of the State Department, USAID, and the Special Inspector General for Afghanistan to review programs in Afghanistan, Pakistan and Iraq
Lebanon:$74 million

International Food Assistance:$500 million,$200 million above the request, for PL 480 international food assistance to alleviate suffering during the global economic crisis

Refugee Assistance:$343 million,$50 million above the request, including humanitarian assistance for Gaza. Funding for the UN Relief and Works Agency programs in the West Bank and Gaza is limited to $119 million (Note: Gaza = Hamas)

Disaster Assistance:$200 million to avert famines and provide life-saving assistance during natural disasters and for internally displaced people around the world, including Somalia, Zimbabwe, Ethiopia, the Middle East and South Asia

Peacekeeping:$837 million for United Nations
peacekeeping operations, including an expanded mission in the Democratic Republic of the Congo and a new mission in Chad and the Central African Republic

Department of Justice:$17 million, matching the request, for counter-terrorism activities and to provide training and assistance for the Iraqi criminal justice system
Obama gives your tax dollars to rebuild Muslim mosques around the world
http://canadafreepress.com/index.php/article/... #

ACCORDING TO THE ASSOCIATED PRESS, THE OBAMA ADMINISTRATION WILL GIVE AWAY NEARLY $6 MILLION OF AMERICAN TAX DOLLARS TO RESTORE 63 HISTORIC AND CULTURAL SITES, INCLUDING ISLAMIC MOSQUES AND MINARETS, IN 55 NATIONS. See the State Department document here.
http://exchanges.state.gov/media/pdfs/office-...


22 posted on 07/31/2011 1:39:40 PM PDT by patriot08 (TEXAS GAL- born and bred and proud of it!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: truthkeeper

What we need is a “Taxes” Chainsaw Massacre....


23 posted on 07/31/2011 1:40:36 PM PDT by mikrofon (The best defense is the Best Defense.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cboldt
The Monroe Doctine involved a geographic limitation. We have NOT been following it.

We have been following the Monroe Doctrine since its inception. In the 1800s, the threat to us was from foreign powers using South and North America as a base to attack us from. Since then, we have made it progressively harder for foreign powers to do that by first winning the Mexican-American War, then purchasing Alaska and ultimately at the end of the 19th century by annexing Hawaii.

However, technology has made the world smaller and the Atlantic and Pacific oceans are not the barriers they used to be - as was perhaps best demonstrated when the Japanese attacked Pearl Harbor.

As a result, because technology has made the world smaller, the geography covered by the thinking behind the Monroe Doctrine has progressively gotten bigger.

24 posted on 07/31/2011 1:44:00 PM PDT by vbmoneyspender
[ Post Reply | Private Reply | To 21 | View Replies]

To: vbmoneyspender
-- However, technology has made the world smaller and the Atlantic and Pacific oceans are not the barriers they used to be - as was perhaps best demonstrated when the Japanese attacked Pearl Harbor. --

Taking a bite out Hawaii is a far cry from taking the continental US.

And as history demonstrated, America's power in retribution is formidable. That, without more (as long as it is recalled and credible), is a deterrent.

Which countries, in your mind, are credible threats to the 50 US states?

Mind you, I am all for a strong defense. And, as you appear to be a student of military, infantry is what it takes to hold a country. Not that I want a war on US soil, but what country in its right mind would mount a war against heavily armed and angry citizens?

25 posted on 07/31/2011 1:55:46 PM PDT by Cboldt
[ Post Reply | Private Reply | To 24 | View Replies]

To: Cboldt
Which countries, in your mind, are credible threats to the 50 US states?

I can't predict the future, but 10 years ago a group of people in Afghanistan planned and carried out an attack that resulted in the death of 2,900 Americans on American soil. After that happened, we didn't fight the attackers here in the United States. Instead, we took the fight to them in Afghanistan. And ultimately, we killed their leader in Pakistan earlier this year. If we didn't have troops overseas, it would have been pretty hard to do that stuff.

26 posted on 07/31/2011 2:03:40 PM PDT by vbmoneyspender
[ Post Reply | Private Reply | To 25 | View Replies]

To: truthkeeper

I would cut 1/2 of all senators. One per state only.

I would cut 1/2 of all congresscritters.

I would cut all CAFE standards.

I would eliminate all state and federal taxes on gasoline and oil.

I would eliminate all non-congressional passed “laws”, i.e. regulations that eminated from non-elected government hacks.

I would eliminate all income tax - federal and state. I know how to spend my money !

FEMA - Gone !
EPA - Gone !
HUD - Gone !
DOE - Gone !
ETC. - Gone !

Happy mood again in my fantasy world, thank you !!


27 posted on 07/31/2011 2:15:14 PM PDT by onona (I stand with SARAH !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: truthkeeper
means test social security = welfare...

Eliminate Dept. Education and Dept. of Energy.
Pull out of NATO and UN
Pull out of Korea\Iraq\Afghanistan
Stop foreign aid to Mideast and Asia.

28 posted on 07/31/2011 2:17:47 PM PDT by stylin19a
[ Post Reply | Private Reply | To 1 | View Replies]

To: truthkeeper
Defense cut by 2/3: $475 billion

Only if we bring all our troops back from everywhere and put those remaining after cuts on the border and at seaports. Highly accurate MIRVed nukes would stay, 'cause if it ain't worth nukes, it ain't worth fightin' over!

;^)

29 posted on 07/31/2011 2:33:18 PM PDT by JimRed (Excising a cancer before it kills us waters the Tree of Liberty! TERM LIMITS, NOW AND FOREVER!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tiki
This overspending is like a tumor and if we don’t cut it out it will kill us.

Excising the cancer may mean having to water the Tree of Liberty.

30 posted on 07/31/2011 2:37:20 PM PDT by JimRed (Excising a cancer before it kills us waters the Tree of Liberty! TERM LIMITS, NOW AND FOREVER!)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Psycho_Bunny; truthkeeper
Re. Defense cut by 2/3: $475 billion

That's got to be a typo or goof. The referenced article talks about pg. 58 of a Federal Budget document. When I pull the document up it runs to all of 5 pages.

31 posted on 07/31/2011 2:39:52 PM PDT by ken in texas (Can't Afford a Tagline... send money.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Cboldt
...what country in its right mind would mount a war against heavily armed and angry citizens?

Not Obama's America; that is why he is desperate to disarm us!

32 posted on 07/31/2011 2:42:11 PM PDT by JimRed (Excising a cancer before it kills us waters the Tree of Liberty! TERM LIMITS, NOW AND FOREVER!)
[ Post Reply | Private Reply | To 25 | View Replies]

To: truthkeeper

Eliminate foreign aid? How is the Palestinian Authority gonna make it without $600,000,000 of our taxes? How is that great friend of America, Egypt, gonna make it without a few billion dollars of our cash? or China, or Cuba? or Nigeria?


33 posted on 07/31/2011 2:46:04 PM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: truthkeeper

I was just at a government site and the typical laziness is there just like every other fed operation. The fed. manager was saying how he was in on a meeting of a crew of workers, and the boss was pleading with them to “at least give me 4 hours of work a day and we can get this back on schedule.” But they are all union so impossible to fire, and the boss could get charged for harrassment if he does any more than plead. Although layoffs are coming.

Oh - they “work” 10-hour days with Friday off. So out of a 10 hour day, perhaps 1 to 3 hours of actual work gets done.

As a start, firing 50% of the workers next week should be done. Give the rest of them a month’s notice half of the remaining folks will also be canned. That would go a long way at shrinking the debt.


34 posted on 07/31/2011 2:47:05 PM PDT by 21twelve (Obama Recreating the New Deal: http://www.freerepublic.com/focus/f-news/2185147/posts)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 21twelve; truthkeeper

Oh, by the way. My work was being done near a huge facility that is being torn down. Out in the desert, but somehow affects the indians religous practices. Millions and millons being spent to tear down old buildings that no one ever sees. Heck - just leave it there and let it decay - turn it into a museum of what greatness was once like in America. But no - have to bring it back to it’s natural state of sand and sage brush.


35 posted on 07/31/2011 2:52:10 PM PDT by 21twelve (Obama Recreating the New Deal: http://www.freerepublic.com/focus/f-news/2185147/posts)
[ Post Reply | Private Reply | To 34 | View Replies]

To: SoftwareEngineer
Let's make the sharing a little broader then...No deduction for interest paid on mortgages or charitable giving, etc.

After all, if grandma has to give up more of her Social Security check surely others can “share the sacrifice” too.

36 posted on 07/31/2011 2:56:37 PM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: truthkeeper

1. Cap all federal employees, elected and appointed, to $100K/year.
2.No pension, except what you put into a 401k, with a 6% match.
3. Limit staffers to 3, including one in district/state.
4. All unspent campaign funds are turned over to the Treasury.


37 posted on 07/31/2011 3:01:57 PM PDT by NTHockey (Rules of engagement #1: Take no prisoners)
[ Post Reply | Private Reply | To 1 | View Replies]

To: count-your-change

I am OK with giving up tax deductions on mortgages and charitable giving if that means a flatter and lower tax rate.

Let us say 15% flat tax rate with a $10K per person deduction. That is it.

This way a family of four that makes $40k pays zero tax. So it is still pretty “progressive” for our progressive friends.

However, an upper middle class family of four that makes $250K, now pays $250-40 = $210K x 0.15 = $31,500 in Federal Taxes.

Now, they dont get a mortgage deduction but then their overall tax bill is relatively low

This way seniors and fixed income people will end up paying little to no tax and still the top 10% of americans will pay over 90% of the tax


38 posted on 07/31/2011 3:09:46 PM PDT by SoftwareEngineer
[ Post Reply | Private Reply | To 36 | View Replies]

To: ken in texas
That's got to be a typo or goof. The referenced article talks about pg. 58 of a Federal Budget document. When I pull the document up it runs to all of 5 pages.

I have to agree. That can't be right, can it?

39 posted on 07/31/2011 4:14:51 PM PDT by truthkeeper (Vote Against Barack Obama in 2012!)
[ Post Reply | Private Reply | To 31 | View Replies]

To: onona
I would cut 1/2 of all senators. One per state only.

I would cut 1/2 of all congresscritters.

Err, you are familiar with the United States having a Constitution, are you not? If not, you truly do live in a fantasy world.

40 posted on 07/31/2011 7:08:48 PM PDT by OldPossum
[ Post Reply | Private Reply | To 27 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-52 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson