Posted on 07/31/2010 11:04:48 AM PDT by SeekAndFind
Social Security, Medicare & Medicaid
$1,447.7B 40.76%
|
Health, Veterans, Housing, Education, Community Svc. $226.5B 6.38%
|
Defense $663.7B 18.69%
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Interest on National Debt $164.0B 4.62%
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Transportation, Energy, Environment $109.3B 3.08%
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State Department, Foreign Aid etc. $51.7B 1.46%
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Homeland Security, Justice $66.6B 1.88%
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Agriculture, Commerce, Labor $53.1B 1.49%
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Corps of Engineers, Nat'l Infrastructure Bank, NASA $28.8B 0.81%
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Science, Small Business $7.7B 0.22%
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Interior, GSA, Disaster Costs $23.6B 0.66%
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Treasury $13.3B 0.37%
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Other Programs required by law $571.0B 16.08%
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Other Discretionary $124.8B 3.51%
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TOTAL SPENDING $3,551.9B 100%
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All levels of government, in the US, are completely out of control.
How about we cut all foreign Aid?????????
I’ll start with the Department of Education. This came into existence only when it was established under the Carter Administration (1979).
This federal department has drained a lot of money while doing little to improve education anywhere. Prior to its existence, America had a better educational system.
GET RID OF IT and return the money to the States.
“How about we cut all foreign Aid?????????”
Perhaps a good idea but a drop in the bucket.
We have been committing fiscal sins for generations. Free money is impossible to resist. The free lunch will end. If we do not make major reforms, economic reality will make them for us in unforeseen and painful ways.
“Perhaps a good idea but a drop in the bucket.
We have been committing fiscal sins for generations. Free money is impossible to resist. The free lunch will end. If we do not make major reforms, economic reality will make them for us in unforeseen and painful ways.”
Since WW11 the rats have been giving this place away to the MOST undeserving.
I'll start with the Earned Income Tax Credit. The E.I.T.C. is a blatant transfer of wealth from earners to non earners.
Proposed by Nixon, signed into law by Ford and increased under every administration since, without exception.
Did anyone else notice the main budget item that ought not to be part of ANY free government’s agenda?
Based on the information above changing spending by the following amounts would result in savings of approximately 700 B:
Social Security 10% 145 B
Defense 10% 66 B
Other required by law 50% 285 B
Interest 10% 16 B
Other discretionary 90% 112 B
Transportation 10% 10 B
Homeland security 25% 16 B
Agriculture 25% 13 B
State dept 25% 12 B
Corps of engineers 10% 2 B
Interior 10% 2 B
Treasury 10% 1 B
Science 10% .7 B
These would not be drastic cuts except in the following areas:
Other required by law and these need to be looked at closely, Health looking at education and housing closely, Other discretionary needs to be really cut back, Homeland security looked at closely and State Department.
I believe there is probably more waste in these areas than some of the others. A lot of bureaucratic inefficiency need to be eliminated along with a reduction of direct costs of labor and related benefits which have grown excessively.
This is just a thought of how we might begin to turn things around given the numbers above. There is nothing magic in any of this just some reasonable thinking for a start which is what we must begin to do as a country.
We need to hear ideas from those who are want to represent us and not just raise taxes.
We will all have to pay some price as it will not be priceless and if we do not do something the price will be a whole lot worse than this.
What? The $51.7 billion dollars that goes to the State Department and Foreign Aid?
That whole 1.46% of the federal budget?
Talk about an ostrich with it’s head in the sand here.
Yes.
Freeze benefits unlocking them from COLA. Add "means testing" to deny those who already have money for retirement...paying only the indigent. Kick off all who are not retirees.
“What? The $51.7 billion dollars that goes to the State Department and Foreign Aid?
That whole 1.46% of the federal budget?
Talk about an ostrich with its head in the sand here.”
It is a start spend it here ,like on a border wall with teeth!
Yes.
Freeze benefits unlocking them from COLA.
...then hyperinflate the currency. Presto, fixed.
And keep taxing people (Social Security taxes) for benefits they will never receive.
We were spending 41% less as recently as 2003, or so.
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