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Exclusive: Tea Party Would Cut $9 Trillion
U.S.News & World Report ^ | November 17, 2011 | Paul Bedard

Posted on 11/17/2011 9:32:38 AM PST by mdittmar

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"shocking"
1 posted on 11/17/2011 9:32:40 AM PST by mdittmar
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To: mdittmar

Well, it would be a good start, at least.


2 posted on 11/17/2011 9:33:57 AM PST by kevkrom (This space for rent.)
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To: mdittmar

Freeze at current level for 5 years. Get rid of baseline budgeting. All you need.


3 posted on 11/17/2011 9:34:06 AM PST by edcoil (I grew up in a country that was honest, I am growing old in a country that is not. I am sorry.)
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To: mdittmar

Repealing the president’s health care reform plan.

I’m betting that before we are done, if we are stupid enough to go through with it, OHC will bankrupt us, so the rest of the list is moot.


4 posted on 11/17/2011 9:34:53 AM PST by jessduntno ("They say the world has become too complex for simple answers... they are wrong." - RR)
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To: mdittmar

Boy, I’ll bet federal workers seeing this will get all “wee-weed up” on this plan!

Hah!

Too bad there’s no chance, too many people and voters on the dole.

Curses.


5 posted on 11/17/2011 9:35:22 AM PST by RexBeach
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To: mdittmar

Now that’s more like it!! Go TEA party!!


6 posted on 11/17/2011 9:35:36 AM PST by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: mdittmar
"shocking"

Shockingly sensible.

7 posted on 11/17/2011 9:36:16 AM PST by Colonel_Flagg (Why, yes. I AM in a bad mood.)
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To: mdittmar

THAT’s what I’m talkin ‘bout.......


8 posted on 11/17/2011 9:36:35 AM PST by circlecity
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To: mdittmar

Good start.


9 posted on 11/17/2011 9:36:58 AM PST by Recovering_Democrat
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To: mdittmar

Its always kind of strange when a “journolister” writes as if there is an actual organization called the TEA Party and it has its own bureaucracy.

lol


10 posted on 11/17/2011 9:37:05 AM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: kevkrom

Yup. Great start!!

1) Cut the spending.

2) Cut the government.

3) Cut the taxes.

Rinse. Repeat.


11 posted on 11/17/2011 9:37:09 AM PST by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: mdittmar

But how can politicians buy votes with these cuts.


12 posted on 11/17/2011 9:38:27 AM PST by A message
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To: mdittmar

A small start


13 posted on 11/17/2011 9:39:01 AM PST by GeronL (The Right to Life came before the Right to Happiness)
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To: mdittmar

About ****ing time!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

LLS


14 posted on 11/17/2011 9:39:36 AM PST by LibLieSlayer ("Americans are hungry to feel once again a sense of mission and greatness." Ronaldo Magnus)
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To: circlecity
Eat your peas, federal government!
15 posted on 11/17/2011 9:39:56 AM PST by Recovering_Democrat
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To: mdittmar

This is exactly right, Go Bold, or Go Home.

Cut $10 trillion!!!

Love it.


16 posted on 11/17/2011 9:40:03 AM PST by stevestras
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To: mdittmar; All

FYI..press conference is scheduled to air LIVE on C-span 3..at 2PM..


17 posted on 11/17/2011 9:40:09 AM PST by ken5050 (Perry/Gingrich 2012!!)
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To: mdittmar

All Republican candidates need to push this immediately during the next debate.

The middle class WILL VOTE Republican.


18 posted on 11/17/2011 9:40:54 AM PST by struggle
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To: mdittmar; All

Here is a thought on earmarks. Pick a recent year and add up the total earmarks. Then reduce that total by a percentage, say 20%. Then divide that amount by the number of Congressman and allow each Congressman to designate whatever earmarks his constituents want him to designate. This gives the constituents much more say over all these earmarks. They can even instruct him to have no earmarks, or if he favors certain groups they can vote him out of office if the majority does not approve.


19 posted on 11/17/2011 9:41:41 AM PST by gleeaikin
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To: mdittmar
Slash the hell out of federal government!!!....Bonzai!
20 posted on 11/17/2011 9:41:41 AM PST by AngelesCrestHighway
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To: mdittmar
" Suspending pension contributions and cost of living adjustments to lawmakers when the budget is running a deficit."

I saw an even better suggestion: - "No member of Congress shall be eligible for re-election when the budget is running a deficit."

21 posted on 11/17/2011 9:46:59 AM PST by I am Richard Brandon
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To: mdittmar

An excellent start.


22 posted on 11/17/2011 9:47:01 AM PST by dinodino
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To: mdittmar

If we do NOT do this....there WILL be cuts....and worse...


23 posted on 11/17/2011 9:47:55 AM PST by goodnesswins (My Kid/Grandkids are NOT your ATM, liberals! (Sarah Palin))
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To: RexBeach
Boy, I’ll bet federal workers seeing this will get all “wee-weed up” on this plan!

If I were some poor guy on his umpteenth deployment to Afghanistan I might be "wee-weed up" as well.

Still this makes a whole lot more sense and is a whole lot closer to what we need than any of the joke proposals floating around Washington currently. Which, of course, is why it'll never go anywhere in Congress.

24 posted on 11/17/2011 9:48:20 AM PST by SoJoCo
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To: mdittmar

“A trillion” (or so) over ten years sounds dramatic.

It ain’t spit.


25 posted on 11/17/2011 9:49:47 AM PST by Attention Surplus Disorder (Madoff screwed the rich. Bernanke screwed us all.)
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To: mdittmar

BTTT and bookmarking for further reading and distribution!!!


26 posted on 11/17/2011 9:51:35 AM PST by Eagle of Liberty (Shaking My Head on a daily basis)
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To: mdittmar

sfl


27 posted on 11/17/2011 9:52:13 AM PST by phockthis
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To: mdittmar
They Forgot...

* No more money to PBS or NPR
* Priviatize AMTRAK within 90 to 365 days.
* Stop all Funding to the National Endowment to the Arts.
* Spin off the new Funding of all Student Loans Under Obamacare
* Consolidate all Student loan/grant Programs into one cut staff's to the bare bones and use one form or website.
* All 170 "Job Training" programs need to block granted back to the States and individuals can use them @ the Community College Level for Job Retraining if layed off, downsized etc.

28 posted on 11/17/2011 9:52:14 AM PST by taildragger (( Palin / Mulally 2012 ))
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To: Colonel_Flagg

“shocking”

“Shockingly sensible.”

I think it’s going to take a “go big or go home” attitude this election.

By the way, I’ll bet if Fed support to student loans is eliminated, magically, the costs of a higher education will be cut in half in a few years.


29 posted on 11/17/2011 9:53:55 AM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: mdittmar
Make the Bush tax cuts and the alternative minimum tax permanent.

Hell no! Not unless it is indexed to inflation and even then it is just a band-aid on the fundamental problem...
30 posted on 11/17/2011 9:56:25 AM PST by Peet (Cogito ergo dubito.)
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To: mdittmar

The first candidate to endorse this plan as their own, will win the nomination and the Presidency.


31 posted on 11/17/2011 9:56:39 AM PST by G Larry (Catholic Conservative Supporting Israel!)
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To: mdittmar
Eliminating four cabinet agencies:

Four? That's one more than Perry's plan. And twice as many as he can tell you.

32 posted on 11/17/2011 9:57:22 AM PST by tnlibertarian (Things are so bad now, Kenyans are saying Obama was born in the USA.)
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To: mdittmar
Eliminating four cabinet agencies:

Four? That's one more than Perry's plan. And twice as many as he can tell you.

33 posted on 11/17/2011 9:57:22 AM PST by tnlibertarian (Things are so bad now, Kenyans are saying Obama was born in the USA.)
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To: struggle
All Republican candidates need to push this immediately during the next debate. The middle class WILL VOTE Republican.

As long as they don't have to give up the stuff... like mortgage deductions, child deductions, copious unemployment, student loan loot.... but they'll be in favor of cutting OTHER people's rice bowls.

34 posted on 11/17/2011 9:57:40 AM PST by rhombus
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To: mdittmar

Repeal the NFA, repeal the MG ban, eliminate the ATF and you’ve just saved 1 billion a year at a minimum. The elimination of stupid technically based criminal suits would likely increase the savings to triple that easily. You’ve also stimulated the economy and opened up a large sector for new jobs in manufacturing which translates into more jobs in transportation and metals and plastics.

But of course, no one in Washington has the balls to touch the Unconstitutional MG ban or the NFA. After all, they can’t stomach not having control. That’s why the Tea Party will win and that’s why big Government is doomed.


35 posted on 11/17/2011 9:58:35 AM PST by BCR #226 (02/07 SOT www.extremefirepower.com...The BS stops when the hammer drops.)
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To: tnlibertarian

And twice as many as the times I posted.


36 posted on 11/17/2011 9:58:35 AM PST by tnlibertarian (Things are so bad now, Kenyans are saying Obama was born in the USA.)
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To: mdittmar

Tea Party Would Cut $9 Trillion and within 10 minutes the left along with their useful idiots in the media would label this plan as:

1) mean
2) unfair
3) RACIST
4) backed by greedy corporate America
5) balancing the financial burdens of government on the back of the poor,elderly and disenfranchised.

Cut,gut,and eliminate!!!


37 posted on 11/17/2011 9:59:18 AM PST by Le Chien Rouge
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To: struggle; All
"All Republican candidates need to push this immediately during the next debate."

This budget is an excellent benchmark to frame the future debates and judge the conservative credentials of the GOP campaign positions. All of our GOP candidates should be asked to go on record if they support or oppose the budget and explain their reasons.

Congratulations to the Tea Party Debt Commission and FreedomWorks for a very significant contribution to the national dialogue in the 2012 election.

38 posted on 11/17/2011 9:59:38 AM PST by Unmarked Package
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To: mdittmar

This is common sense. And it isn’t a “cut” of $9 trillion. Its NOT SPENDING $9 trillion. Its simply going back to spending levels from a couple years ago and then holding firm. Nothing more? What is that radical?!?!? Why is that “extreme”?!??!?

This would be common sense to any family sitting around the dinner table planning a budget.

“Dad had planned on buying a new $70,000 BMW in two years. Well, he lost his job and now works for $10 per hour at Home Depot. He can’t afford the BMW anymore so it comes out of the budget.”

That is not a $70,000 CUT!!!!!!!!!!!!! Its living within your freakin means. Its why we may need a revolution to set things right. Dems and Republicans both see a $9 trillion cut as “extreme”; they are all like heroin junkies looking for another spending fix.


39 posted on 11/17/2011 10:00:32 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: mdittmar
Let's add this to the cut list to ENCOURAGE the other cuts:

Suspend the sale of Treasury Notes

40 posted on 11/17/2011 10:03:04 AM PST by jimjohn
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To: taildragger
Good suggestions.

I like this plan. Bump for longevity.

41 posted on 11/17/2011 10:09:59 AM PST by Hemingway's Ghost (Spirit of '75)
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To: mdittmar

YES! This is what I’m talking about!


42 posted on 11/17/2011 10:12:52 AM PST by Emo4SC (Disclaimer: All thoughts expressed here are not my own, but merely what I've been told by Talk Radio)
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To: mdittmar

It’s an excellent first step!


43 posted on 11/17/2011 10:14:59 AM PST by Timber Rattler (Don't Tread on Me!)
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To: mdittmar

Replace the tax code with 999 and you are talking.


44 posted on 11/17/2011 10:16:31 AM PST by Thunder90 (Fighting for truth and the American way... http://citizensfortruthandtheamericanway.blogspot.com/)
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To: mdittmar

It’s a real start.


45 posted on 11/17/2011 10:16:33 AM PST by Danae (Anailnathrach ortha bhais beatha do cheal deanaimha)
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To: mdittmar

Now they’re talking. Eliminating those redundant and ineffective agencies is a must. And docking the pensions as long as we’re running a deficit is a great idea. Pay for performance!!

I can hear the howls from the Leftards already.


46 posted on 11/17/2011 10:18:30 AM PST by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: The Antiyuppie

A small start


47 posted on 11/17/2011 10:18:33 AM PST by mdittmar (i)
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To: edcoil
Freeze at current level for 5 years. Get rid of baseline budgeting. All you need.

All we need to accomplish what? We have 2.5T in tax revenue and a 1.5T deficit. We'd have to grow tax revenues almost 10% a year to get to a zero deficit in 10 years, and by that time we'd be close to another $10T in debt, $25T in total.

And in the mean time, we would have wasted all that money on HUD, DoE, etc. We are also going to see government expenses rise as the boomers retire. There is no easy answer any more in the idea of 'freeze and grow our way out'.

What growth in tax revenues we can expect as we continue to clean up the current banking mess (if we actually do clean it up) will be sucked up by growing payments on debt alone.

48 posted on 11/17/2011 10:18:38 AM PST by slowhandluke (It's hard to be cynical enough in this age.)
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To: mdittmar; All

The government needs to stop issuing new bonds, and immediately.

What kind of “INVESTMENT” is a government bond ?

What is the investor who buys a government bond “investing” in ?

INTEREST PAYMENTS PAID OUT OF TAX REVENUE !!!!!!!!!!!!!!!

DUUUUUUUHHHHHHHHH !!!!!!!!!!!!!!

Is that helpful in any way to economic prosperity ?

Me lighting my cigars with $100 bills would be a better use of capital.

Then I’m going to hear “infrastructure”.

But let’s go to back to the economic education equivalent of 4th grade: the “INFRASTRUCTURE” created by government building programs is not owned by private sector entities.

The infrastructure that is built by government is not owned by a profit-generating entity that a) has to financially stand on it’s own with no prospect of receiving taxpayer dollars to fund deficits and b) has no competitive pressure to lower it’s prices.

The design of quasi-government entities like power, bridge and tunnel, etc., authorities, invite the bilking of their customers.

Even in the manner where bonds are issued to build a specific project, where one can make the naive claim that the bondholders are getting a return from the infrastructure until the bonds are all paid off - even in that case, the private sector does not “own” the “authority” that winds up owning the infrastructure. So there is no real owner. Which is why the operating authority winds up spending a lot of money on itself and slowly letting the infrastructure maintenance fall by the wayside, despite all sorts of shouting that this is not true. Ultimately, someone who owns a thing cares about it. Someone who does not own a thing does not care about it. In the case of “authorities”, they know they have limitless funds from a) rate increases and b) taxpayer dollars.

Back to government debt: It has got to stop - completely. It is “quietly” spiralling out of control.

If the government could not borrow $1 more than it already has - that limits government spending to what government takes in.

Unless the government starts paying it’s bills with money that it just prints - but that would be transparent since government receipts and payments are transparent.

Remember, the government views money that it owes the Fed, OASDI funds (SS/Medicare), etc. for bonds that they own as money that government owes itself - and that is somehow different in the mind of Congress than money it owes to it’s ordinary bondholders.

If these intra-governmental holdings are treated ANY differently than government debt sold to the public (i.e., foreign banks, U.S. citizens, sovereigns, etc.), this means the government would consider the possibility of not paying those bonds back to itself.

If one thinks for 2 seconds about that - duhhh - then the cash it received for the “intra-governmental” bonds - WAS SIMPLY MONEY PRINTING. Can I get a duh ?

What does the government spending rule need to look like to allow wise@ss Congressman to take on fiduciary responsibility for government funds ? If the government takes in $2.2 trillion, spend up to $2.2 trillion, that’s it.

Incidentally, it is the only way to control government spending. Prohibit government borrowing in any and every way: no Treasury bonds, notes, bills, etc., ever again except if there is a declared war. And in that case, require that those bonds be paid off before 1 cent - NOT PERCENT - 1 PENNY - of increase is allowed in government spending.

IMHO, one frustrated, angry, crazy man. Disclaimer: who poses no threat because he’s given up, just laughing at the millions of idiots out there at all levels of the economic spectrum who are simply complete j@ck@sses. Some people need to run smack into a brick wall before they believe the warnings that they’re going to hit it. Then the consultants get called in to clean up the mess (and make a lot of money doing what should have and easily could have been done all along).


49 posted on 11/17/2011 10:18:49 AM PST by PieterCasparzen (We have to fix things ourselves.)
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To: mdittmar

Thanks for this long-awaited, common-sense, soothing post!

“Go bold or go home,” says the report from the Tea Party Debt Commission. “Are you listening, Washington?”

The Feudal Lords of the Beltway could not care less about what we think. But now we have a workable plan to save America, and they do not or ever will.


50 posted on 11/17/2011 10:23:20 AM PST by Graewoulf ( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.)
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