Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Cincinatus' Wife
Per month, federal government revenues are $250 billion and spending is $310 billion, resulting in a deficit of $60 billion, which the government must fund by increasing outstanding Treasuries. Since total outstanding Treasuries cannot be increased without a debt ceiling increase, how can the government pay its bills? Prioritizing won't work, since you must spend $310 billion per month. The only way would be to reduce spending by almost 20%: $60 billion per month. Many strategies have been proposed, but none are able to come up with $60 billion per month of cuts. Furloughs are a drop in the bucket. The vast majority is entitlements and the military.

So Senator Burr's comment is glib at best, in my view.

4 posted on 10/08/2013 12:01:45 AM PDT by Praxeologue
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Kennard

Eliminate DHS who has twice the budget of the USMC. Eliminate TSA. Stop these retarded wars. Stop foreign aid,, you don’t do charity work with borrowed money. Eliminate the dept of Education. Quit buying rifles for the Cartels. No billion dollar subs as a gift for Egypt. Quit NATO. Eliminate the DOE. Eliminate Obamacare. Build the damned pipeline. Stop 100% of green subsidies.
The list is almost endless,,,,


5 posted on 10/08/2013 12:16:36 AM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson