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Nice CATO article illustrating the absurdity of Obama's newest manufactured crisis.
1 posted on 02/25/2013 12:01:42 PM PST by LucianOfSamasota
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To: LucianOfSamasota

The real fairy tale is that austerity in the current economic climate won’t result in the economy slowing down more and unemployment going up.


2 posted on 02/25/2013 12:06:12 PM PST by ksen
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To: LucianOfSamasota

There are NO spending cuts, only cuts in the rate of growth.


9 posted on 02/25/2013 12:36:19 PM PST by JimRed (Excise the cancer before it kills us; feed &water the Tree of Liberty! TERM LIMITS, NOW & FOREVER!)
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To: LucianOfSamasota

When politicians talk about the specific drivers to ‘spending’ there may be hope.

The most specific driver is Medicare, accelerated by AHCA.

At least in 2017 the current Federal Budget can be explained in single digits.

$1 T - Social Security (mostly off budget and not really an impact at this time to the problem).
$1.2 T - HHS Department (driven by Medicare/ACHA)
$1 T - Treasury department (Driven by interest on debt)
$0.6 T - DoD (relatively flat)
$0.7 T - Everything else (this represents a forecast or true reduced spending by almost every other function)

Thats it! That is the 2017 forcasted budget. Forcasted by the WH.

http://www.whitehouse.gov/omb/budget/Historicals/

Medicare and ACHA are simply not funded. These are the on-budget, unfunded elements of the budget. And the debt interest as well.

Its not ‘spending’ that is the problem. It is Medicare and now ACHA as well, along with the debt that are THE problem.

But no politician will address it. They are all cowards.


13 posted on 02/25/2013 12:57:14 PM PST by bluecat6 ("All non-denial denials. They doubt our ancestry, but they don't say the story isn't accurate. ")
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To: LucianOfSamasota

Flashback: “Obama pledges to veto effort to undo automatic spending cuts”

“Already some in Congress are trying to undo these automatic spending cuts. My message to them is simple: No,” Mr. Obama said from the White House briefing room Monday evening. “I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending.” November 21, 2011

http://www.cbsnews.com/8301-503544_162-57329146-503544/obama-pledges-to-veto-effort-to-undo-automatic-spending-cuts/

“The President will urge Congress to come together and act to ensure these devastating cuts to defense and job-creating programs don’t take effect.” - White House statement, February 5, 2013


25 posted on 02/26/2013 5:42:12 AM PST by TurboZamboni (Looting the future to bribe the present)
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To: LucianOfSamasota


28 posted on 02/26/2013 11:46:57 AM PST by TurboZamboni (Looting the future to bribe the present)
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