As conservatives, we have learned we must VERIFY and do research. My research shows that this is not a cut, but a REAL INCREASE over last year's budget based on OMB figures. Too many members here are jumping to conclusions and acting like this is great news. As Ronald Reagan said, "Trust, but verify."
First, the budget for Superfunction Human Resources (where the entitlements are) was $1.587 trillion for FY 2005. For FY 2006, the current budget, the original budget was for $1.675 trillion. That means there was an increase of $88 billion from FY 2005 to FY 2006. They just announced a $35 billion "cut" yet we have a $53 billion increase!!! , not a "cut" but an increase of $53 billion over last year.
Second, Frist said we spend about 55% of every dollar for entitlements, but the Human Resource Superfunction at $1.675 trillion represents 65.26% of every dollar, not 55% of every dollar. For those of you who thought this was great news, do some research. It looks like this is a sham. Also, "qam1" pointed out that this is being spread over five years. If so, that -makes this even more pathetic.
Finally, if you crunch the numbers, even after this "false cut" is factored in, we are still increasing this superfunction at a rate greater than the rate of inflation.
SUMMARY: Contrary to what the Republicans are saying, this is not a "cut" but greater expansion of the welfare state. Conservative activists need to verify and check facts before you swallow the White House line or the crap that comes out of the Republican spinmeisters.
SOURCE: The Office of Management and Budget FY 2006 Historical Tables
Why am I not surprised? The feds are never straight about the government's finances.
FY 2006 Historical Budget Tables
If it does not come up to the right page, it is Page #52 on the budget, or it is Page #56 in the PDF file.
As you see, there is $88 billion more in Superfunction "Human Resources" in FY 2006 over FY 2005, so a "$35 billion cut" still gives us a$53 billion increase.
Total sham.