Historic Budget Cuts

Discussion in 'Politics' started by UncleJoe, Apr 24, 2011.

  1. UncleJoe

    UncleJoe Well-Known Member

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    Historic Budget Cuts… of One Percent? | All American Blogger

    This is a couple weeks old but worth looking at and bringing things down to our level.

    2011 Federal Budget

    Federal Budget: $3,820,000,000,000.
    Income: $2,170,000,000,000.
    New Debt: $1,650,000,000,000.
    Amount Cut: $38,500,000,000 – about 1% of the total budget.

    Harry Reid is calling this a “historic amount“. The President said it is a “historic deal”. John Boehner simply said, “we’ve come to an agreement”.
    Let’s Put This In Perspective

    It helps me to think about these numbers in terms that I can relate to. Let’s remove nine zeroes from those numbers and pretend this is a monthly household budget for the fictitious Jones family.

    Total income for the Jones family this month: $2,170

    Amount of money the Jones family spent this month: $3,820

    Amount of new debt added to the credit card this month: $1,650

    Outstanding balance on the credit card: $14,271 (This represents our national debt)

    So last night, the Jones’ sat down at the kitchen table and agreed to cut $38 from their monthly budget. An historic amount.

    At my house, we don’t spend 43% more than we make. I’m willing to bet you don’t either.

    Why do we let them do it in Washington D.C.?
     
  2. JayJay

    JayJay Well-Known Member

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    I watched a video last week...puts this in perspective better for me..........

    if the govt stopped spending for all programs TODAY, and paid 100 MILLION every day to the debt only, it would take 350 YEARS to pay what we owe ....because of interest accrued.......we are so screwed...and think about our children and grandchildren.

    RESET button, anyone???
     

  3. Woody

    Woody Woodchuck

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    I read in a few places that this really was not a cut to existing spending, they cut projects that they were going to spend money on. It came down to 35 million or something of actual cuts to what is being spent. Pretty sad.
     
  4. Immolatus

    Immolatus Just getting started. Always.

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    It is all complete BS.
    What I find funny about this whole scenario is that you will still find people that will say with a straight face "The Democrats and Republicans are completely different". The truth is that obviously they are not.
    38 billion is nothing.
    Apparently the Ryan (R) plan calls for an increase in the debt ceiling to $19.xT by 2016, and the Obama plan increases it to 20T. This is the plan to get us out of debt?
    Me, on the phone with my credit card company:
    "I'm really having a hard time with my finances, I know Im already in way over my head, but I need you to increase my spending limit so I can max it out again"
    Warning: Off topic...

    The 2 parties keep telling us they are different.
    The Dems say they care more about the poor, which they may or may not, but it all comes down to money and corporate interests. They are corrupt and they know it. At least they will tell us we need to raise taxes.
    The Reps try to pull the wool over our eyes by blinding us with 'social' issues, that in the big scheme of things are both completely meaningless, and concerns of the individual, not the federal government. But people buy it and will vote on one issue, and one issue alone. People get worked up over one issue that has no bearing on themselves, and will push every other issue aside.
     
  5. Clarice

    Clarice Well-Known Member

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    Uncle Joe, I think this is call Enron accounting.