This is what $115 trillion looks like. The little pallet by the truck represents $100 million, in $100 bills.
This is hardly a win.
1 trillion in budget cuts over 10 years.
1.8 trillion more, decided by committee, or automatic across the board cuts IF the committee can’t come up with them. Over 10 years. We spent $3.7 TRILLION this year. If we save $2.8 trillion over the next 10 years, we’ll actually just INCREASE spending 6% less over that period of time than we would otherwise — and that assumes NO growth in the size of government! Actually, since the Fed Gov’t grows 8-10% a year, saving $2.8 Trillion over 10 years is a JOKE.
A Balanced Budget Amendment VOTE. But they DO NOT specify the LANGUAGE of the BBA. HOW would we arrive at the Balanced budget? COuld they increase taxes to achieve balance? Would spending be capped so that the Feds would be restricted from going over a certain amount of GDP? WOuld they be required to balance by spending cuts ALONE? Would THEY get to decide - or would We The People?
And speaking of caps — where does this compromise CAP the amount Washington can spend relative to GDP? Anywhere? The “Cut,Cap & Balance” capped it at 19.9% GDP. If there is no cap, then the politicians can still spend all they want with no restraint, no “governance,” no limit. And they know it.
This is all a charade — to get ALL of them thru the next election. From Obama to the Dems to the RINO’s in the House. And they’ll ALL blame the Tea Party Conservatives for being “obstructionists.” It’s a win/win for Washington. And a lose/lose for us.