Posted on 07/27/2011 3:19:03 PM PDT by hatfieldmccoy
We’re hearing it now cuts $917 billion over ten years under the more recent CBO baseline. So under $1 trillion. On the other hand, the cuts are apparently more front-loaded: $20 billion in real cuts in the first year.
This must be designed to try and keep the factions of the GOP riled up and continue to tear each other apart.
It's all the Democrats have got.
There will be an 11th hour lifting of the debt ceiling which will kick the can a little further down the road and S&P will downgrade us.
We richly deserve it.
“What bill can Boehner pass that will be voted on and signed into law?”
We fell a handful of votes short in the Senate on the first CCB vote. There are over 20 Democrats on record stating that they support a Balanced Budget Amendment. 2/3 of the American people want this.
That’s your answer.
Why bend over backward for Harry Reid?
Press him to stop obstructing the will of the people.
WHAT????
6 billion in spending cuts versus an extra 150 BILLION.(which still isn’t enough)
You would rather only have 6 billion in spending cuts??
God God, that thinking is what got us into this mess.
Sadly, it looks like you might be right.
But the GOP should just keep meeting and keep passing whatever they can.
Let the Democrats be the one’s who were unreasonable in the end...
So in other words, we should be happy with whatever Boehner comes up with? Even if it's a flaming bag of dog poo.
After all, a more conservative bill will never get past the Senate and the President.
So what we REALLY want as an OPPOSITION party is a flaming bag of dog poo that the Senate and the President will accept?
What then is the point of having a two party system?
I really thought he understood. If this report is true, then it’s obvious he doesn’t.
"The only possibility to avert a “credit downgrade” is to demonstrate that we can as a government ( read Bipartisan) MOVE IN THE DIRECTION of cuts."
Must've been some good acid back in the day...
Exactly. "Obstructing", "attacking", "threatening"; start using their own words against them...
Sounds like you’re a couple beads short of recovery.
Eff the “bipartisan” rubbish. Hold the line!!
Those idiots could balance this budget next week if they were held to that standard.
http://www.heritage.org/research/reports/2005/04/top-10-examples-of-government-waste has a study from 2005 that gives some interesting examples:
1. The Missing $25 Billion
Buried in the Department of the Treasury's 2003 Financial Report of the United States Government is a short section titled "Unreconciled Transactions Affecting the Change in Net Position," which explains that these unreconciled transactions totaled $24.5 billion in 2003.[2]
The unreconciled transactions are funds for which auditors cannot account: The government knows that $25 billion was spent by someone, somewhere, on something, but auditors do not know who spent it, where it was spent, or on what it was spent. Blaming these unreconciled transactions on the failure of federal agencies to report their expenditures adequately, the Treasury report concludes that locating the money is "a priority."
The unreconciled $25 billion could have funded the entire Department of Justice for an entire year.
7. Manipulating Data to Encourage Spending
The Army Corps of Engineers spends $5 billion annually constructing dams and other water projects. Yet, in a massive conflict of interest, it is also charged with evaluating the science and economics of each proposed water project. The Corps' "strategic vision" calls on managers to increase their budgets as rapidly as possible, which requires approving as many proposed projects as possible.[14] Consequently, the Corps has repeatedly been accused of deliberately manipulating its economic studies to justify unworthy projects.
Investigations by the GAO, The Washington Post, and several private organizations have found that Corps studies routinely contain dozens of basic arithmetic errors, computer errors, and ridiculous economic assumptions that artificially inflate the benefits of water projects by as much as 300 percent.[15] In one case, a study's authors inflated a project's benefits by using a 2.5 percent interest rate that dated back to 1954. In many cases in which the Corps calculated that a project would be a net benefit, arithmetic corrections revealed that the costs would be many times greater than the benefits.[16] By that point, of course, the unnecessary and wasteful project is often underway and cannot be stopped.
These errors appear to reflect more deception than sloppiness. A Washington Post investigation uncovered managers ordering analysts to "get creative," to "look for ways to get to yes as fast as possible," and "not to take no for an answer." After a public outcry, in 2002, the Corps suspended work on 150 projects to review the economics used to justify them.[17] However, given the combination of Congress's thirst for pork-barrel projects and the Corps' built-in incentives to approve projects that will increase its budget, real reforms seem unlikely.
It’s getting to the point where I just don’t care anymore....default is inevitable, and neither the Democrats nor the Republicans are going to save us from the inevitable.
Just look at some of the Republican bootlickers on this thread caving in. "Oh no, we must compromise or we'll lose an election". As if losing an election is of any importance when you may lose your country at any moment.
As if the Left has ever considered election consequences when advancing their agenda. They never stop attacking no matter the consequences. Attack, advance two steps, hold, lose half a step, attack again.
The Right in this country hasn't even fielded a decent defense in 80 years, let alone an offense.
People follow leaders. The average man isn't an idealogue. He'll follow the strong and aggressive. It's human nature. The left has been the strong aggressor for 4 generations now.
I believe our fate is sealed.
Utter nonsense! The House controls the purse. It should tell the Senate to take CCB or leave it, and then adjourn. Remember the big fight that Boehner promised during the CR fiasco. Where this is it, and he is running away from it again. NO MORE!
Is that all you can say..personal comments about my screen name...You have looked at this situation and so have I . there are two different analyses on this issue.
You believe we should “not cave”. Well, that is one argument with its own consequences.
I say put forth to go ahead with the puny cuts now and go for the election..and THAT has consequences.
You still have not proven your view on this except to call me and Boehner names.You have not brought any facts to the table on HOW we can win an election without the Independents, who, like it or not, do not share ALL your position.
Oh yes the real battle is next election. That one is the important one. Sure. Been hearing that for decades.
"We'll get 'em in 88, by golly." "Not 89, the real important battle is 90". "90 isn't important, just imagine what we can do in 94". "2000, that's the ticket, we'll really stick it to them them".
Whatever.
Fine..then the chances are excellant that we lose the election.
It just may NOT turn out as you predict..
“LET a lot of the Fed. govt. go to seed”...it may be nothing, and that is what would happen...
but if our credit rating ( not the debt ceiling) tanks, if the markets spook and interest rates rise, we may have a real economic crisis.
I’m not a Cloward-Pivens fan of “Oh, just let everything collapse” and then we will change it all. That is called revolution and a leftist position.
That means instead of a $1.5 trillion deficit next year, we'll have only a $1.48 trillion deficit next year.
Who would have thought after that landslide election last November that we would be able to make so much progress in just one year?
Good luck even presenting your rational idea here and on spot assessemnt..You will be flamed as a “coward” who ‘can’t stand tough and just call Obama’s bluff”.
Most of the people that are so demanding we stay with cut, cap and balance or “just let the federal govt stop” are really very upset that we DON”T have the senate or the Presidency...so instead of going for the Independents in 2012 and keep moving the country back to conservatism, they would rather shoot themselves in the foot now.
That says to me they really don’t have much confidence that we CAN convince Independents. After all, Not everyone goes onto Freepeer or listens to Rush.
And THESE are the conservatives? who are ready to take it on the chin in 2012 by throwing it all out NOW?
Well, then we are in big trouble for 2012.
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