Posts tagged government spending

Every time you have an occasion to take something from the federal government and send it back to the states, that’s the right direction. And if you can go even further, and send it back to the private sector, that’s even better. Instead of thinking, in the federal budget, what we should cut, we should ask the opposite question, what should we keep?
This seems like a totally legitimate plan for reducing the deficit to us! I mean, public funding for the arts. WHO NEEDS IT?
Sidenote: Mitt Romney is totally full of it, ns2s.

This seems like a totally legitimate plan for reducing the deficit to us! I mean, public funding for the arts. WHO NEEDS IT?

Sidenote: Mitt Romney is totally full of it, ns2s.

I know that you recognize a lot of people help you in a business. Perhaps the bank, the investors. There is no question your mom and dad, your school teachers. The people who provide roads, the fire, the police. A lot of people help. But let me ask you this. Did you build your business? If you did, raise your hand. Take that Mr. President! This is what’s happening in this country. These people are entrepreneurs.

~ Mitt Willard Romney during a campaign appearance in Ohio on Wednesday,  agreeing that tax payer-funded programs help all American businesses succeed

Watch it

Meanwhile, Mittens has proposed deep reductions in government spending and has even said that the nation must “cut back” on firemen, policemen and teachers.

$5.5 Billion to save the US Postal Service versus $100 billion to continue our military conflicts in Afghanistan & Iraq
Iraq is now becoming one of Iran’s closest allies and supporting that country in conflicts with the United States and while accepting hundreds of billions of US support, Karzai has called the U.S. the enemy and said that he wished that he was fighting with the Taliban. We continue to lose men and women in these countries and spend billions of badly needed revenue where we are increasing despised.
The Postal Service will default unless it can secure $5.5 billion by August 1st. While Congress is unsure of whether to save this basic service for citizens, it has done little as many billions of dollars are stolen or wasted in countries like Afghanistan. It is perfectly insane.

$5.5 Billion to save the US Postal Service versus $100 billion to continue our military conflicts in Afghanistan & Iraq

Iraq is now becoming one of Iran’s closest allies and supporting that country in conflicts with the United States and while accepting hundreds of billions of US support, Karzai has called the U.S. the enemy and said that he wished that he was fighting with the Taliban. We continue to lose men and women in these countries and spend billions of badly needed revenue where we are increasing despised.

The Postal Service will default unless it can secure $5.5 billion by August 1st. While Congress is unsure of whether to save this basic service for citizens, it has done little as many billions of dollars are stolen or wasted in countries like Afghanistan. It is perfectly insane.

Animated “Fast Draw” video explaining the Alaska Budget process.

Four Spending Myths That Could Wreck Our World | The Nation

Spending Myth 1: Today’s deficits have taken us to a historically unprecedented, economically catastrophic place.

In fact, we’ve been here before. In 2009, the federal budget deficit was a whopping 10.1% of the American economy and back in 1943, in the midst of World War II, it was three times that — 30.3%. This fiscal year the deficit will total around 7.6%.

Spending Myth 2: Military and other national security spending have already taken their lumps and future budget-cutting efforts will have to take aim at domestic programs instead.

The very idea that military spending has already been deeply cut in service to deficit reduction is not only false, but in the realm of fantasy. The real story: despite headlines about “slashed” Pentagon spending and “doomsday” plans for more, no actual cuts to the defense budget have yet taken place.

Spending Myth 3: Government health-insurance programs are more costly than private insurance.

Health spending is indeed growing faster than any other part of the federal budget. It’s gone from a measly 7% in 1976 to nearly a quarter today — and that’s truly a cause for concern. But health care costs, public and private, have been on the rise across the developed world for decades. And cost growth in government programs like Medicare has actually been slower than in private health insurance.

Spending Myth 4: The Affordable Care Act — Obamacare — will bankrupt the federal government while levying the biggest tax in U.S. history.

Wrong again. According to the Congressional Budget Office, this health-reform legislation will reduce budget deficits by $119 billion between now and 2019. And only around 1% of American households will end up paying a penalty for lacking health insurance.

Last I checked, the Taliban air force was pretty small.

Aviation analyst Richard I. Aboulafia, on why the USAF has never used any of its 187 $400 million “super fighter” F-22s in combat.

Fortunately, now we’re building the $200 million+ F-35 to fight the Taliban’s air force.

Folks, we have the money to pay for things. We just spend it to buy lots of stupid things.

ht: New York Times

(via politicalprof)

Hypocrite Alert: Ron Paul is on Social Security!

  • STEIN: A bit of a personal question then, are you on Social Security? Do you get Social Security checks?
  • PAUL: I do.
  • STEIN: Well, I mean, is there — you just told younger generations that they should ween themselves off this social contract.
  • PAUL: That is true.
  • STEIN: But you haven’t done it yourself…Don’t you think you chould have set a good example for the future generations. You’re not the wealthiest man in congress, I know that, but you have enough means to take care of yourself in retirement…Couldn’t you have set an example?
  • PAUL: No. I think the programs are so designed, just as I use the post office too, I use government highways, I do that too, I use the banks, the federal reserve system, but that doesn’t mean that you can’t work to remove this in the same way on Social Security.
Conservatives would have you believe that our disappointing economic performance has somehow been caused by excessive government spending, which crowds out private job creation. But the reality is that private-sector job growth has more or less matched the recoveries from the last two recessions; the big difference this time is an unprecedented fall in public employment, which is now about 1.4 million jobs less than it would be if it had grown as fast as it did under President George W. Bush. And, if we had those extra jobs, the unemployment rate would be much lower than it is — something like 7.3 percent instead of 8.2 percent. It sure looks as if cutting government when the economy is deeply depressed hurts rather than helps the American people.
There is a way to tally the effects Obama has had on the deficit. Look at every piece of legislation he has signed into law. Every time Congress passes a bill, either the Congressional Budget Office or the Joint Committee on Taxation estimates the effect it will have on the budget over the next 10 years. And then they continue to estimate changes to those bills. If you know how to read their numbers, you can come up with an estimate that zeros in on the laws Obama has had a hand in.

There is a way to tally the effects Obama has had on the deficit. Look at every piece of legislation he has signed into law. Every time Congress passes a bill, either the Congressional Budget Office or the Joint Committee on Taxation estimates the effect it will have on the budget over the next 10 years. And then they continue to estimate changes to those bills. If you know how to read their numbers, you can come up with an estimate that zeros in on the laws Obama has had a hand in.

Congressional Budget Office: The Stimulus Worked
The director of the nonpartisan (and widely respected) Congressional Budget Office, Douglas Elmendorf gave testimony in response to questions from Rep. Tim Huelskamp (R-Kan.), a member of the tea party caucus. Huelskamp asserted that the stimulus was a failure because it did not keep the jobless rate below 8 percent, as the Obama administration predicted.
“Where did Washington mess up?” Huelskamp demanded. “Because you’re saying most economists think it should’ve worked. It didn’t.”
Most economists not only think it should have worked; they think it did work, Elmendorf replied. 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise. Only 4% disagree. The CBO’s own analysis found that the package added as many as 3.3 million jobs to the economy during the second quarter of 2010, and may have prevented the nation from lapsing back into recession.

Congressional Budget Office: The Stimulus Worked

The director of the nonpartisan (and widely respected) Congressional Budget Office, Douglas Elmendorf gave testimony in response to questions from Rep. Tim Huelskamp (R-Kan.), a member of the tea party caucus. Huelskamp asserted that the stimulus was a failure because it did not keep the jobless rate below 8 percent, as the Obama administration predicted.

“Where did Washington mess up?” Huelskamp demanded. “Because you’re saying most economists think it should’ve worked. It didn’t.”

Most economists not only think it should have worked; they think it did work, Elmendorf replied. 80 percent of economic experts agreed that, because of the stimulus, the U.S. unemployment rate was lower at the end of 2010 than it would have been otherwise. Only 4% disagree. The CBO’s own analysis found that the package added as many as 3.3 million jobs to the economy during the second quarter of 2010, and may have prevented the nation from lapsing back into recession.

barackobama:

Government spending under President Obama has increased at the slowest rate since Dwight Eisenhower was in the Oval Office more than 50 years ago. Mmm, facts. 

YES BUT WHAT ABOUT IN AMERCIA, MR. PRESIDENT?

barackobama:

Government spending under President Obama has increased at the slowest rate since Dwight Eisenhower was in the Oval Office more than 50 years ago. Mmm, facts. 

YES BUT WHAT ABOUT IN AMERCIA, MR. PRESIDENT?

Mitt Romney would increase military spending by $2.1 trillion with no plan to pay for it. 

Mitt Romney would increase military spending by $2.1 trillion with no plan to pay for it

House Republicans are set to advance legislation to replace automatic defense spending cuts they agreed to last year with cuts to programs for the poor and working class.
Only the rich and war matter.

House Republicans are set to advance legislation to replace automatic defense spending cuts they agreed to last year with cuts to programs for the poor and working class.

Only the rich and war matter.