Posted on 08/12/2006 7:13:00 PM PDT by ForGod'sSake
WASHINGTON -- Despite the House of Representatives' disappointing performance on Rep. Jeff Flake's Pork-busting amendments, there are some stirrings in Congress about getting serious on spending. The most notable is Senator Judd Gregg's Stop Over Spending (SOS) Act. Although it has its shortcomings, it incorporates enough good ideas that it represents considerable improvement over the current system. Here are some highlights:
(Excerpt) Read more at spectator.org ...
A modest spending reform proposal. Lets see how far it gets.
"Mandatory" spending(entitlements) are steadily becoming a larger part of the pie; discretionary smaller. When we boomers begin to feed at the trough, the mandatory spending will also boom due to SS, medicare and the like. There have been studies indicating medicare alone will send the country to the poor house within 20 years; maybe less.
One has to wonder if these people(our fearless leaders) really know what they're doing.
Nice pie-charts and very instructive. Thanks
In my household and business, the mandatory expenses need to be managed also.
Good point. I suppose the expense for electrical service would be considered a "mandatory" expense but it can be mitigated in any number of ways.
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.