Has anyone read or heard of proposed spending cuts by the federal government?
Not the administration, congress nor President Obummer's deficit commission co-chaired by Erskine Bowles and Alan Simpson has proposed any cuts!!!
There are NO real spending cuts are nowhere to be found; in their place we have the old “baseline” budget gimmick. Increasing spending more slowly than it was scheduled to increase is not a spending cut. That’s like me saying that instead of buying three new outfits, as I had planned, I will only buy two outfits, when in fact I should have been selling much of the stuff in my closet. Also, keeping spending constant is not the same as cutting spending.
Let's talk more about this spending cut thing...... Our wonderful "leaders" in congress set up a nifty little scam years ago called the "baseline budget." Here's how it works. Virtually every government spending program has automatic built-in spending increases every single year. These spending increases may be based on inflation, the rate of population growth, or any number of economic or political considerations. The point is that these spending programs have scheduled spending increases built in every year.
How do politicians manipulate this? It's very easy. They vote to cut back the amount of a spending increase for any given year ... just the increase ... and then come to you and brag about how they are cutting spending. They're not cutting spending at all ... they're just slowing down the rate at which the spending is increasing.
Slowing down the rate is exactly what this worthless deficit commission did. The truth is Obama's deficit commission is actually proposing real spending increases over the next nine years that exceed the rate of inflation! Under the commission plan spending goes from $3.4 trillion today to $5.1 trillion in 2020.
Cuts in spending should be done first and than taxes can be increased as needed if cuts do not do the job! Bet, that the cuts would do the job or at least make tax increases minimal!
We, the voter, need to
some sense into the administration and congress!
If that does not work than maybe we, the voters, need to
some sense into the administration and congress!
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