Posted on 08/01/2011 4:34:33 PM PDT by goodnesswins
House Speaker John Boehner’s bullet points on the deal say that it cuts discretionary spending by $917 billion over 10 years, as “certified by CBO.” These discretionary “cuts” appear to be the same as those in Boehner’s plan from last week. The chart shows CBO’s scoring of those spending cuts (see here and here).
(Excerpt) Read more at cato-at-liberty.org ...
You’re right on the mark, ‘cause they aren’t opposition.
We need to get rid of John Boehner. If he is going to buy the democratic lies lock stock and barrel and not hold the line, hes no good to us as speaker of the house.
The only way substantive cuts are going to be made to this debt is that every last member of the Gimme Stuff Party is voted out of Congress. They and their Dem constituents have placed this country on the road to economic oblivion for the past 50 years.They care not a whit about the future of this country or for the children and grandchildren they have burdened with their selfishness and need for instant gratification...End of rant
baseline budgeting ays the debt will increase by $10 trillion in 10 years. Anything less than that is considered a “cut” to the politicians in the beltway.
no ... really... It’s not a joke... it just sounds like it
The gutless cowards in Washington think they can fool everyone forever. This ponzi scheme won’t last another decade!
Good one. Thanks for posting Ann Barnhardt. She is the closest to our way of thinking about current political events. God Bless her.
Do we really need a terrorist attack to sink us? What if the market dropped 20% in a month and we entered a double-dip recession? Unemployment over 10% and budget deficits rising even higher as tax revenues decline. That’s my doomsday scenario and it has a fairly high probability of occurring.
The compound annual growth rate (CAGR) of the numbers in that chart are 1.9%. Given that historic inflation is around 3% (look at your annual raise for example) it’s actually a very low growth rate. Now, we can discuss killing departments (and we should). Entitlements are the issue. If we don’t cut those then there is nothing that can be done to stave off fiscal disaster.
Point well taken.
Thanks for the wisdom. You are very correct, and I’m glad you helped me get corrected there. :)
LucyT and Null and Void: Two threads on this article also:
I made a mistake, $22B is cut next year FY2012 assuming this same congress even honors it when they pass next year’s budget. After that the new congresses can do whatever they want including kill the trigger, Obama (and congress) got $2.2T in new debt for that.
So what is the math ? (remember I love simple math)
$22B cuts in spending growth/$2.2T new debt till 2013 = 1%, that’s $1 cuts to every $100 borrowed. Good job Republicans, we are healthy again.
The gutless cowards in Washington think they can fool everyone forever. This ponzi scheme won’t last another decade!
“The problem is too many voters believe them.’
The problem is 45% of the voters pay no taxes but gladly vote themselves benefits from the 55% who produce and pay dearly.
This was expected, frankly. For over a decade decreasing the amount of increase in funding, from say, a ten percent increase to only a five percent increase has been described as "Slashing Medicare", or some such.
It's Democrat Math, and now they all seem to be using it.
I am beginning to think there is something in the water in D.C.
“We need to get rid of John Boehner. If he is going to buy the democratic lies lock stock and barrel and not hold the line, hes no good to us as speaker of the house.”
McConnell needs to go also. Remember he jumped in with a new plan on the day Cut, Cap, Balance was passed, thereby greatly diluting the message the House of Representatives was sending with CCB. McConnell’s plan was to transfer Congress’s power to set the debt limit to the President. What was he thinking?
Agreed! (heartily!)
In a day full of contradictions.....the one that took the
cake..... Lindsey Graham on Greta saying “WE changed the debate the Tea Party is not a bunch of terrorist”
Graham is a outsider trying to change Washington?....who knew?
“Does anyone know if this budget factors in the huge cost that Zero Care is going to be?<<<<<<”
I’M VERY CONFUSED PEOPLE.....
Raising the debt ceiling is NOT the budget. There is to my knowledge no budget. Obama, and the Democrats never advanced a budget IIRC since Bush’s expired I think in October of 2009.
What just occured was raising the debt ceiling to ensure Obama, and his band of merry Alynskiites have enough cash on hand to continue their war on the middle class, and bring down America for the purpose of establishing a Socialist government.
There is no current recorded budget, and this raising of the debt ceiling is not the budget.
If I’m wrong, fill me in on what I’m missing here.
Didn’t Ryan vote for this mess? <<<
Yes, he did vote for it, but he also said that until Oamacare is addressed nothing changes.
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