Massive Budget Cuts

Fearful Leaders = Democrats and RINOs…. those are the people who seek to destroy the United States of America.

Fearless Leaders = TEA Party.

Given the chance to Govern the TEA Party may just be able to save the United States of America….. if that opportunity to Govern comes soon enough.

They can start in cutting the budget by stopping this

As a result of a Judicial Watch filing under the Freedom of Information Act, the USAF released documents detailing House Speaker Pelosi's use of United States Air Force aircraft between March 2009 and June 2010.
The data are published in the Judicial Watch Verdict of December 2010, Volume 16, Issue 12.

Here are the main highlights revealed by the USAF.
Keep in mind that all the data below relate to United States Air Force aircraft used by one woman over a sixteen month period. Several of these flights included Ms Pelosi's guests such as grown children, grandchildren, various in-laws, friends, and hangers-on.
Over 95% of the trips were between the west coast and Washington, DC or what we might call a commute between home and the office.READ it and WEEP!!

Total trips: 85 trips over a 68 week period or 1.25 average trips per week.

Total mileage: 206,264 miles or 2,427 average miles per trip.

Total flying time: 428.6 hours or an average of 5 hrs per trip.

Cost to the taxpayers: $2,100,744.59 or $27,715.00 per trip or $1,285,162.00 per year.

Cost of in flight food and alcohol: $101,429.14 or $1,193.00 per trip or $62,051.00 per year.

On one junket to Baghdad, according to the Air Force report, she had the aircraft bar stocked with Johnny Walker Red Scotch, Grey Goose Vodka, E&J Brandy, Bailey's Irish Creme, Maker's Mark whiskey, Courvoisier Cognac,
Bacardi Rum, Jim Beam Whiskey, Beefeater Gin, Dewars Scotch, Bombay Sapphire Gin, Jack Daniels Whiskey, Corona Beer and several varieties of wine.

This was obviously a very important "gubment bidness" trip. Evidence generally speaks for itself, and in Ms. Pelosi's case it speaks the language of abuse and (evidently) a serious familial drinking problem, for in a single year she and her spawn drank an amount in excess of the net income of the average employed American!

When she said, "… if the stimulus doesn't pass, five hundred million people might lose their jobs…",
I thought she was unintentionally revealing her ignorance. I'm now more inclined to think she was pickled. Even though she can no longer abuse the USAF, she can either fly on her broom, or fly Southwest Airlines, where bags fly free.

Here is a prediction, boehner and company shall fold on the debt ceiling increase looming. It's all a big game to them in DC. People are getting crushed by the economy and they all don't care. Sure some of the freshmen get it but I have yet to see anyone make a principled stand. How many Senators are required to create a standstill?
I am getting crushed by the economy. I have spent forty three years abiding all the rules, well count me out for the future. I'm not going on a bank robbing spree or anything extreme. I now proudly give all clients two prices. The gubment just pisses money away. When they stop their evil wasteful ways then I'll consider playing nice again.

Government governs best which governs least…. and it can't govern least while it spends most.

I'm starting to think the cry to tax the rich is to push them out of the US. Look at the states that have already taxed the hell out of the people, the well to do leave. Now on a grander scale they will leave the country along with their companies/jobs. What's left….America economy looking like South Africa, Zembobwai, etc. Just my opionon.

You mean to tell me all of that Democrat caterwauling about old people, women and children dying because of the "massive budget cuts" wasn't true. Color me shocked and surprised!

"she can either fly on her broom, or fly Southwest Airlines, where bags fly free."

Excellent ! I thumbed you down by mistake. Will make it up…

Pelosi is a disgusting pig at the public trough…
I like pigs much more than I like her, though.

I like pigs alot, Pelosi not at all, and don't worry PHP, plenty of us thumbing up to help out.

How unfortunately true your reply is. Even fuzzy math can't hide how economically screwed we are.

even that $353 million in "cuts" is imaginary. They spent billions more than the previous year.

The deficit increases by that amount every 7 hours.

Does anyone think there is a correlation between the fact that 45% of US households do NOT pay income taxes…..and a recent poll that shows 43% of Americans think we are being taxed at the 'correct' level?

LOL

Ben Franklin was sooooooo freakin' right.

Are the cuts big enough? No. But they ARE nearly $40 billion (with a B, not an M). Here's why:

There are two aspects of the convoluted budget process in play here: budget authority and outlays. Budget authority is what Congress deals in. Think of it as putting money in the Treasury's checking account. Outlays are what the Treasury deals in. Think of those as the actual checks cut by the Treasury to pay a bureaucrat's salary, buy a new weapon system or implement ObamaCare.

The entire spending debate has always been about budget authority, never outlays. That was the $100 billion promise from the Pledge to America. Outlays are simply not the correct way (based on the current process by which government spends money) to measure cuts year to year. To change the goal posts in the middle of the game is disingenuous, intellectually dishonest, and self defeating.

When the FY11 CR puts $38.877 billion less in the Treasury's checking account than Congress did in FY10, that decrease in budget authority from one year to another is a spending cut.

Here's a good video from former CBO Director Doug Holtz-Eakin explaining it. I've met him a few times. He's a brilliant bean counter and a fiscal conservative: http://www.youtube.com/watch?v=nS9ju1ZFQN8

"Massive budget cuts"
Seeing is believing, and at this point in time, I don't believe!

Depends on who the "we" is. Usually the "rich" ends up translating to "middle class". The cumulative taxes we pay now are so much higher than the taxes of the past it is almost mind boggling. That alone is bad enough but the insanity of tax system could only be the product of a deranged mind. Washington apparently has many such deranged minds in residence.

Franklin being right could be in reference to all sorts of things. In my mind I was thinking of this quote: "Idleness and Pride Tax with a heavier Hand than Kings and Parliaments…"

Government Gone Wild: http://www.youtube.com/embed/VtVbUmcQSuk

Here is a summary of Federal 2010 finances.

$ 2,200 Federal Tax Revenue (billions)
$ 1,300 Borrowing (the deficit)
———-
$ 3,500 Total Spending
$ 0 Total Saving

$14,500 Entire economy (GDP)
15.2% Taxes as % of Economy
9.0% Borrowing as % of Economy
24.2% Total spending as % of Economy

What if (say) Bob's family budget operated like the government, in proportion? That gives a feeling for our situation:

$50,000 What Bob can spend from his income
$29,900 Bob borrows this
———-
$79,900 Bob's spends it all
60% more than Bob's income
$ 1,400 The GOP cut in proportion

The proposed GOP cut in spending of $61 billion is just 1.8%. For Bob, it would be $1,400.

The federal government has made big promises, far above what it will collect in taxes at current rates.

$75,100 billion ($75.1 trillion) is the amount of a fund which would pay for the unfunded part of promised entitlement programs over the next 75 years, if available today and invested at 3% interest. Of course, there is no such fund, so meeting those promises would require immediately increasing tax revenues by 76% to pay off that "mortgage", or those promises will be broken.

Don't take comfort from the 75 year time frame. We are already falling short, being made up by huge borrowings (the deficit). The result of the 75 year analysis is that things will steadily become worse.

Collecting 76% more in taxes might cause or deepen unemployment. Or, increasing tax rates might actually decrease tax revenues if people decided to earn less and pay less. Or, it may be impossible to convince younger people to give up their savings in exchange for the right to charge their children high taxes in turn. I think the promises will be broken.

This problem is huge. The retirees of today and in the future have paid into Social Security thinking that their "insurance premium" will fund part of their retirement. Actually, all of the cash (real resources) has been spent. What remains is only the promise to now tax the non-retired to pay for the retired, at much higher rates. That is not what people thought Social Security would deliver to them.

Promises for Medicare and Medicaid are worse; they are bigger and just as unfunded. What is more kind: to face reality now, or to default on these promises at the last minute?

Unfunded Promises (billions)
7,900 Social Security
22,800 Medicare
35,300 Medicaid
9,100 Federal Debt

75,100 Total Unfunded Promises (billions)
above curent tax collections

2,100 Federal Pensions
3,700 Veteran Benefits
1,600 All Other
———-
7,400 In current budgets (billions)

$82,500 Total Promises (billions)

The unfunded promises of $75,100 billion are 34 times the $2,200 billion in taxes estimated to be collected in accounting year 2010 (the year ending Nov 30, 2011). There is nothing saved or set aside to satisfy those promises, and there is no tax revenue now collected or saved to pay those amounts now and during the next 75 years; that is the meaning of "unfunded".

Bob's unfunded promises (in proportion) would be $1,736,00 increasing at 3% yearly, to be paid off in 75 years, over and above Bob's current, spendable income (current tax collections) of $50,000.
http://easyopinions.blogspot.com/2011/02/family-b...
Family Budget

Aahh Ralph, We'll just reread that list, and feel all better about turning them to glass someday!

Is that (UNcivil?)
; )

I wouldn't mind voting a new freshman class in every single election.

Stop this nonsense, absolutely … but it is more of a question of justice and decency than the deficit. Fiscally it is insignificant. Everyone has his pet peeve that he wants cut but it won´t make a difference.

At this point we must think very big to make a difference: we must deregulate and cut government to an unprecendeted degree. We must reform social security and medicare in a way that will cause pain. And then, when that is done, we must probably also raise some taxes.

Are you kidding? They'd end up spending even more.

"'S' is for Subsidies!"

Sigh? DB I'm thinking more of a huge "Face palm"…. We are totally screwed, 14 trillion in debt and the clown in chief wants to spend more. Unfrakkingbelievable…

It looked like Mr. Boehner took the line 'don't let perfect be the enemy of the good' out of Mr. Obama's playbook. Problem is, what he and the republicans settled for wasn't good.

If Obama actually wanted to help America and all of it's citizens he would follow Wyoming's lead. Wyoming’s Boom Poses Challenges For Obama
http://www.nytimes.com/2011/04/17/us/politics/17w...

"Truth will ultimately prevail where there is pains to bring it to light." George Washington

Thanks. Reason magazine is really a beacon of sanity these days.

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