Obama Fiscal Commission Shows No Desire to Cut Spending (End the Spending)

Center for Fiscal Accountability ^ | 11/11/10 | CFA

[Andrea19]

• Spends too much. Government spending has typically been set at 21 percent of GDP, with revenues averaging 18 percent. The plan spends above this level every year until 2040, keeping taxes at around 20 percent to fund this profligacy
• Does nothing to address long-term spending restraint. Instead, the Co-Chairs propose raising taxes to unprecedented levels to sustain excessive government growth.
• Refuses to acknowledge the impact big government, excessive spending packages such as the “stimulus” plan and bailout bills have had on the country’s solvency. Instead, the plan sets spending at FY2010 levels, starting in FY 2012. This instantiates the “stimulus,” bailout and big government efforts of the past two years for generations to come, costing taxpayers $317 billion more than if outlays were rolled back to FY08 levels.

[Andrea19]

Spending:Government::Baseball:America and our friend from Chicago, Mr. Obama, knows this.

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[casuist]

This is not a bi-partisan commission. This is Obama’s own commission. They also explicitly assume ObamaCare in its present, ridiculously expensive form.

[FrankR]

[rollo tomasi]

[newnhdad]

this reminds me of the Ft Hood report. They never really discuss the real problem.

1- Cut current spending. Stop the growth of agencies other than the military.

2- Freeze future spending to a previous level. Stop Obamacare.

3- Eliminate SS. Allow all people under 55 to “cash out”. Provide money to all remaining eligible people until they die. Then stop giving money to anyone after the last person dies.

4- Limit the “benefits” provided by the US govt to actual citizens.

for starters.. Then we cut Education, Energy and the EPA.

[ClearCase_guy]

When people avoid any discussion of the real problem, you can bet that they don't want the problem to be solved.

We're being destroyed from within.

[norge]

Keep repeating: “We don’t have a revenue problem, we have a spending problem.”