Well, those contractors that are RELYING on the Federal gov’t for millions and billions in revenue, they will not get paid.
Federal employees will not get paid.
But since our tax Revenue is not going up significantly for the forseeable future (as opposed to what Dems think), deficts will remain every year, adding to the debt, if we don’t drastically cut Federal spending.
We are already making the Federal Reserve the only interested buyer of Treasury debt, and they’re just printing money to buy the debt, in essence.
At some point very soon, all Central banks will dump the dollar, the value of the dollar will collapse, and the cost of crude oil from foreign nations, including Canada, will skyrocket. This will push consumer inflation through the roof, while paychecks sluggishly follow.
The longer the Federal government waits to put the brakes on borrowing and adapt an austerity budget that is austere for the Federal government - not SS and MedC - the bigger the bubble will be when it breaks.
MHO...
Proposed spending cuts in 2011 spending levels, in Billions, without touching Social Security, Medicare or Defense:
_________________________________________________________________________
Education__________________ $129.8 billion
Transportation (I propose
a limit of $10 billion)_________ $84.5 billion
Basic research______________ $18.7 billion
Agriculture, forestry
, fishing and hunting _________ $32.8 billion
Fuel and energy_____________ $26.9 billion
Pollution abatement_________ $10.9 billion
Protection of biodiversity
and landscape_______________ $13.9 billion
Housing development_______ $35.5 billion
Community development_____ $25.7 billion
Recreational and
sporting services_____________ $4.1 billion
General Government
(I propose cutting the
current amount in half)_______ $16.6 billion
Welfare_____________________ $495.0 billion
Grants to States
for Medicaid________________ $276.2 billion
R & D Health
(includes NIH)______________ $36.1 billion
Total reduction to annual
spending_________________ $1,206.7 billion
_________________________________________________________________________
Please God let Harry Reid be right! SHUT IT DOWN. Unless you’re actually nursing at the public teat you won’t even know when it goes dry. Won’t affect me or anybody I know one bit. SHUT HER DOWN, please.
Other than Social Security checks and military retiree checks and MAYBE the FBI if they investigate the criminal enterprise called the Obummer administration ... I don't see a downside
I think they need to hold their breath until those mean old Republicans give in. Or call 1-800-WAA-AAAA.
What budget deal? He hasn’t had a budget plan since he’s been in office. He only knows one thing, spend, spend, spend.
Joke. Sad joke they all are.
Note to these three “Mere Politicians” IMO the Country has failed when it has followed the leadership of that Party professing to give a voice to all the people when in fact the DIVISIVE Anti-American Democratic Party is just too pinkofag to be trusted with leadership.
Once again get rolled by the libs?
Hell NO Shut the damn gub mint down.
Quit spending my money.
Was the Carpetbagger Geithner invoking the ghosts of the
Congress of Mass. Provincial ,@1774 with his cloak of Patriotic fevor? Problem is the Mass. Congress back then was led by Christians and Patriots I am not convinced Barry Soetoro has ANY inhis administration that can rightly claim to be either.
Courtesy of the fear-mongering and doomsayer idiotic trio.......how quiant. =.=
Demagogue Party...acting like idiots...
Te the magic Negro to pound sand