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NeedToUseYou -> RE: Republicans turn down budget deal with MAJOR cuts. (7/10/2011 4:56:37 AM)
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quote:
ORIGINAL: jlf1961
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ORIGINAL: NeedToUseYou
I dislike the vast majority of republicans and democrats (politicians), so I'm not going to jump on the partisan wagon, but 2 trillion in cuts over 10 years is pathetic, that is less than should be taken from the "Offense" budget alone. We are running a deficit of close to 1.5 trillion a year, and they are talking 200 billion in cuts a year, and what 1.3 trillion in "new" revenue over 10 years, or a 130 billion a year, for a grand total of 330 billion a year. We'd still be up shit creek, it would only stretch this out longer. Why not cut the military by 50% to start, there now you have 500 Billion a year off the deficit and we'd still have the largest "offense" budget on the planet, then fight over the rest. Any repub or demo plan that does not include large "defense" cuts is a joke, as that is a huge part of the problem.
I'd reject it, it a pathetic amount of cuts. I wouldn't even consider anything that didn't account for at least half the deficit. So, come back when they have a plan that reduces 750 billion a year in cuts, and that is just an okay start. It is not that hard, they already can cut 500 billion from the "offense" budget. Then and only when we have 750 billion in cuts, then we can talk about tax increases.
IMO....
I mean seriously close to 1.5 trillion a year deficit, and the "plan" accounts for 330 billion. What a joke. Fuck that. How can anyone take repubs or demos seriously.
It was 4 trillion over ten years.
quote:
WASHINGTON (AP) — President Barack Obama and congressional leaders were regrouping after House Republicans abandoned efforts for a massive deficit reduction package of $4 trillion over 10 years — a potential deal that had unnerved partisans from both political parties.
House Speaker John Boehner announced late Saturday that he was now looking for a deal about half that size, saying chances for a bigger agreement succumbed to White House insistence on substantial new tax revenue. White House officials said Obama would press for a bigger bargain one last time at a White House negotiating session Sunday evening.
I'm just going off the seperate numbers they gave. How they rounded to 4 trillion who knows, and 4 trillion over 10 years is a complete and total joke. we will be closing in on 15 trillion in debt by the end of this year, we have 1.5 trillion deficit this year alone. So, okay 4 trillion and that isn't all cuts that counts increased revenue to. LOL. And it still is completely and total insufficient. that is like 2 and some fraction of a years of the current budget deficit, or 400 billion a year on a deficit of 1.5 trillion. It doesn't come close to being meaningful.
Now, if you took that 400 billion and added another 500 billion from the offense agencies budgets, now you'd be getting somewhere.
But 400 Billion a year, on 1.5 trillion deficit is really pathetic. And I doubt it'll even end up really being that much, things have a way of not meeting expectations up in DC. so, you have to overshoot the target to hit it, IMO.
Or for a regular person that'd be like.
So I owe a 150,000 dollars for example. and I'm adding debt at 15,000 a year, and my plan for becoming financially sound is to instead of going into debt 15,000 a year, I'm going to go into debt at a rate of 11,000 a year, and call that a plan. but I'm still going to spend a huge portion of my income on security guards (military), spy agencies, etc. amounting to like half of my total income. LOL.
That's the M.C. Hammer plan of sound financial planning.
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