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The very idea that government spending should continually grow is really unbelievable and now with the economy in the tank their Ponzi scheme is blowing up in all our faces.

I suppose the rats see cutting the growth as they will only be able to bribe for 7% more votes rather than 8%.

These people who support this spending should all be thrown out of D.C. for malfeasance - stealing from the public and in many cases enriching themselves while bankrupting the country. They ought to be in prison along with Madoff.

Hi Retired Greyhound!

As I have mentioned, I am no financial analyst, and I’m also not a lawyer or politician (wow, how the Good Lord has blessed me, lol), but if I understand this Bill correctly, it DOES cut starting right from today’s budget, not from proposed budgets or proposed growth. It does not base savings on projected increased in budget (that we’ll just not add AS much next year or the year after), but actually starts cutting from TODAY and keeps cutting from there, each year which means this WOULD be real cuts, real cuts starting from where we are RIGHT NOW.

I do see your point about Obama’s acceptance or rejection of this and believe this is a legitimate concern. However, this bill does just what conservatives want, cuts our expenditures, so it should be acceptable to them, and it is flexible in its cuts (each agency, organization, etc. cutting downright fraud, streamlining, organizing, getting smarter about things, or whatever it takes in each individual agency, organization, etc to get their budgets down in increments, 1% at a time), so I can’t see how this bill would be that distasteful to Democrats. (Of course, God blessed me by not making me a Democrat either, so maybe I’m missing something they will go after here.) :)

However, the BIG thing here, I think, that we need to take hold of and run with is that if this plan does what it appears to do and does it in such a sensible and simple way, I believe this will go over with the American PEOPLE, the voters.

Many of our politicians are eyeing this as an option, especially now with the traditional political bills that have not gained any ground. It makes sense we start looking at this more so, if this is a plan we as a people could live with, we can support those who want to see this bill go forth.

See here:

http://www.youtube.com/watch?v=DcQEan0wIfY

The link above is Rand Paul talking with Sean Hannity about his support for the Connie Mack Penny Plan (AKA the “One Percent Spending Reduction Act”, current House Bill HR 1848) which is available for a vote in the House.

It does verify what I mentioned to you earlier... that if Congress does not come up with any specially tailored cuts for the overall 1% cut in the base each year, the fail safe kicks in for an across the board blanket 1% cut to every agency. Simple cut across the board (and yes, this does include Medicare and Social Security as well).

Also, Rand Paul’s description of the bill (HR 1848) may help set your mind at ease that these are real cuts to the budget. These are not cuts based on projected growth but on our current budget. In other words, it estimates a growth of 0%, and in fact, doesn’t take any future growth into account what so ever when estimating its cost effectiveness based on today’s baseline budget.

That said, proponents of the bill say it cuts 7.5 Trillion from the federal budget, has a cap federal spending at 18% of the economy, and balances the entire budget in 8 years.*

Hey, I didn’t intend for that, but didn’t I just provide a cut, cap, and balance kind of description in that last paragraph! LOL

*From: http://www.cbn.com/cbnnews/politics/2011/July/Rep-Mack-Penny-Plan-Could-Save-Trillions/?Print=true