19
Feb
11

House passes “steep” “sweeping” cuts?

So the AP published an article titled “House passes sweeping cuts to domestic programs” In the article they later describe these cuts as “steep.”

But just what are the cuts? a “whopping” $61 billion that will likely never make it past the Senate. $61 billion is ONLY 5.2% of the DEFICIT for the fiscal year. Thats only 1.7% of the entire budget. Sweeping? Steep? Shame on you AP for misleading people.

Some more relevant numbers:
2010 Revenue: $2.381 trillion (estimated)
2010 Expenditures: $3.552 trillion (estimated)
2010 Deficit: $1.171 trillion (estimated)
House Cuts: $0.061 trillion (Actual if passed by senate and president)

Mandatory Spending $2.009 trillion
This includes:
$695 billion Social Security
$571 billion Other mandatory programs
$453 billion Medicare
$290 billion Medicaid
$164 billion Interest on National Debt
$11 billion Potential disaster costs

Discretionary Spending $1.368 Trillion
Discretionary includes the military and everything else the government does, including the Depts of Treasury, Transportation, Energy, State, Interior, Justice etc.

Republicans: If we were to cut ALL (put the name of your most hated program here) it wouldn’t get rid of the deficit.

Democrats: If we raised personal income taxes to 100% it would not cover the deficit.

Everyone:
We need to sharply re-evaluate just what it is that we want from our government. We are not the super prosperous nation we once were and can no longer afford to be the world’s policeman, nor can we afford these social programs anymore either. We need to get ourselves out of this mess before we go bankrupt, because at that point we will simply be cutting people/companies/nations off which will be far harder for everyone involved.

Advertisements

2 Responses to “House passes “steep” “sweeping” cuts?”


  1. February 19, 2011 at 5:44 PM

    Mayhaps in Beltway logic, 1.7% IS sweeping. Sad.

  2. February 19, 2011 at 8:15 PM

    You are correct sir.

    That will of course change nothing.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: