I say cut .50 cents and 50% of all government employees and be done with it.
This plan is the only one that actually reduces and balances the debt.
Pray for ‘Our Country’ and the ‘One Cent Solution’
it’s better than boehner.
Two problems with the concept (at least for Washington).
Too Simple....A Bill must be written in vague legalese that can be twisted to mean anything they want.
Takes the power out of the hands of the politicians.
Can’t use the Thomas.gov site as it times out after 30 minutes. Yesterday Mack’s bill (H.R.1848) had 43 sponsors . This a.m. it has 46, so hopefully it will gain some steam.
Simplistic on its face, you’d think it would be more acceptable even though it doesn’t defund any of the wasteful stuff, but it’s a start. Small steps, small steps.
Here’s the 46 sponsors. If your boy isn’t there, ask ‘em why:
Rep Adams, Sandy [FL-24] - 6/21/2011
Rep Bartlett, Roscoe G. [MD-6] - 5/11/2011
Rep Barton, Joe [TX-6] - 6/16/2011
Rep Benishek, Dan [MI-1] - 6/1/2011
Rep Blackburn, Marsha [TN-7] - 6/16/2011
Rep Bono Mack, Mary [CA-45] - 7/29/2011
Rep Broun, Paul C. [GA-10] - 5/11/2011
Rep Burton, Dan [IN-5] - 6/16/2011
Rep Campbell, John [CA-48] - 5/11/2011
Rep Chaffetz, Jason [UT-3] - 6/21/2011
Rep Coble, Howard [NC-6] - 6/15/2011
Rep Duncan, Jeff [SC-3] - 6/1/2011
Rep Duncan, John J., Jr. [TN-2] - 5/11/2011
Rep Flake, Jeff [AZ-6] - 5/13/2011
Rep Foxx, Virginia [NC-5] - 6/23/2011
Rep Franks, Trent [AZ-2] - 6/16/2011
Rep Garrett, Scott [NJ-5] - 5/11/2011
Rep Gingrey, Phil [GA-11] - 5/11/2011
Rep Gohmert, Louie [TX-1] - 7/13/2011
Rep Graves, Sam [MO-6] - 7/29/2011
Rep Johnson, Sam [TX-3] - 6/16/2011
Rep Jordan, Jim [OH-4] - 5/13/2011
Rep King, Steve [IA-5] - 5/11/2011
Rep Landry, Jeffrey M. [LA-3] - 6/1/2011
Rep Lummis, Cynthia M. [WY] - 5/11/2011
Rep Marchant, Kenny [TX-24] - 6/16/2011
Rep McHenry, Patrick T. [NC-10] - 6/16/2011
Rep Mica, John L. [FL-7] - 6/16/2011
Rep Miller, Jeff [FL-1] - 5/11/2011
Rep Mulvaney, Mick [SC-5] - 7/11/2011
Rep Noem, Kristi L. [SD] - 6/2/2011
Rep Pearce, Stevan [NM-2] - 7/29/2011
Rep Poe, Ted [TX-2] - 6/16/2011
Rep Posey, Bill [FL-15] - 6/24/2011
Rep Ribble, Reid J. [WI-8] - 5/11/2011
Rep Rivera, David [FL-25] - 6/1/2011
Rep Rooney, Thomas J. [FL-16] - 6/23/2011
Rep Ross, Dennis [FL-12] - 5/11/2011
Rep Scott, Austin [GA-8] - 6/16/2011
Rep Sessions, Pete [TX-32] - 6/16/2011
Rep Southerland, Steve [FL-2] - 6/1/2011
Rep Stearns, Cliff [FL-6] - 6/2/2011
Rep Stutzman, Marlin A. [IN-3] - 5/11/2011
Rep Sullivan, John [OK-1] - 6/16/2011
Rep West, Allen B. [FL-22] - 5/11/2011
Rep Westmoreland, Lynn A. [GA-3] - 5/25/2011
This plan is the only one that actually reduces debt and balances the budget.
Pray for ‘Our Country’ and the ‘One Cent Solution’
...if only it were that easy.
It is a start though. If you discount debt service (since the idea is not to default), the numbers don’t add up (and debt service is not that much anyway). Here’s the “savings” over 7 years:
1: $34B
2: $68B
3: $102B
4: $136B
5: $170B
6: $204B
7: $238B
Total: $952B
Not bad, but not the $7.5T he’s talking about. The only way you can get this to add up to $7.5T is to count it against projected spending...then this number may be accurate.
The problem with that is the ‘cuts’ involved will be much deeper than 1% per year, due to increasing population (especially old-timers) and inflation. So Social Security payments, for example, will have to go down 2% per year (due to more people being on it), every year, for those 7 years...and probably more like 5% in real terms, as they cannot adjust for inflation either. So the cumulative drop in purchasing power will be more like 30% over those 7 years.
The bottom line is that the problems we’re talking about are HUGE and this 1% number is deceptive in that way.
But hell, if it passes, this country will FINALLY be on the right track. It’s just that I don’t see it being supported on this site (once the real effects are known) and it doesn’t have a prayer with the general public.
Freezing government hiring should also be in the plan. As folks retire or resign, beyond current staffing numbers for legislators and White House, they should not be replaced. Reducing the government hydra addresses the cause of the Greek collapse.
It cuts more and balances faster than the Ryan Plan did. The Ryan Plan had 14 co-sponsors, was brought to the floor of the House for a vote, passed, sent to the Senate and was rejected. This plan has 48 co-sponsors, yet was never brought to the House floor for a vote. Given that it has 34 more co-sponsors than the Ryan Plan had, it would easily have passed in the House. So why wasn’t it brought to the House floor? Because the House knew, beyond any doubt whatsoever, that it would never pass in the Senate.
With all the competing and last-minute plans that have been introduced, and all the behind-closed-door meetings, the goal has always been for the Republican House to compromise with Obama and Reid. The One Cent Solution plan was the strongest of any of the plans (including CCB and the Ryan Plan), and should have been the hill on which we went down fighting. But the fix was always in, compromise WILL happen, and it’s not going to be pretty.
We can all lobby our Representatives to co-sponsor the One Cent Solution Plan, we can all sign petitions demanding it be brought to the floor for a vote. If we succeeded, it would pass the House and then Reid would table it in the Senate. I’m not saying we shouldn’t try, but I am saying I don’t see the point. I’m willing to be persuaded otherwise, because this pessimism sure isn’t fun.
i wish Boehner would go ahead and pass this too. That would give Reid THREE ways to get his increase...
but until Reid debates, the House will stand firm and kill anything.
federal spending should be managed with the same discipline families must exercise when balancing their budgets at home