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Cut now or pay later

March 9, 2013

The doom and gloom panic over the upcoming sequester budget cuts is almost humorous....

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(89)

Premier

Mar-09-13 5:50 AM

Everything will be just fine Jon, shortly a gentleman will post that this debt is a good thing and needed to grow the economy.

Another will claim it's a chain letter igoring the fact that it is true.

They balk at 85 billion when our interest payment on the debt is 223 billion and projected to be 1 trillion by 2020. That will be when all the goodies stop for everyone.

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CHayes

Mar-09-13 5:50 AM

"I found the following outline of the supposedly draconian cuts in a chat area"

Then certainly it MUST be accurate. I mean, just because the first numbers off by about three quarters of a trillion dollars..

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CHayes

Mar-09-13 5:52 AM

"Another will claim it's a chain letter igoring the fact that it is true."

Why, of course it's true. Didn't you hear the letter writer? He found it in a "chat area".

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mikekerstetter

Mar-09-13 6:02 AM

Premier, you hit that nail squarely on the head.

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CHayes

Mar-09-13 6:18 AM

Of course Mike, it was on the internet posted in a chat room, it must be correct right?

Just because the first numbers off by almost a trillion dollars doesn't mean any of the other numbers are off, right?

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CHayes

Mar-09-13 6:21 AM

At least the Know Nothings had some common sense.

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CHayes

Mar-09-13 6:25 AM

So what do you guys like better, the cuts to veterans benefits, or the cuts to Customs and Border Patrol?

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mazmdm

Mar-09-13 6:28 AM

Hayes, Why are you so mad? You and Reeder are batting 1000 today.

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Premier

Mar-09-13 6:29 AM

Well Mr. Hayes this from USGovernmentrevenue:

Total Revenue 2.468 Trillion Deficit 1.327 Trillion Debt 16.350 Trillion

I'd say the point of the letter is accurate dispite how you want to twist it.

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Premier

Mar-09-13 6:31 AM

Hayes:"So what do you guys like better, the cuts to veterans benefits, or the cuts to Customs and Border Patrol?"

You'll have to talk to the President about that. Obviously he likes them.

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CarlHiller

Mar-09-13 6:38 AM

A 10% cut across the board to all programs would not hurt anyone. If Congress and the Prez had any guts they could start the ball rolling by cutting that from their individual budgets. Maybe Obama and Michelle can quit taking such expensive vacations and golf outings. If we just cut the waste, like spending $3 million to researchers at the University of California at Irvine to fund their research on video games such as World of Warcraft, or the $175,587 “to determine if cocaine makes Japanese quail engage in sexually risky behavior”. or maybe the $200,000 on “a tattoo removal program” in Mission Hills, California. The Department of Health and Human Services spending $500 million on a program that will, among other things, seek to solve the problem of 5-year-old children that “can’t sit still” in a kindergarten classroom. Or maybe the $25 billion a year maintaining federal buildings that are either unused or totally vacant. While some of these are older spending issues,

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CarlHiller

Mar-09-13 6:39 AM

You cannot find the waste in todays budget because their is no budget. They all want it that way, from Obama down to your own little Congress critter.

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mikekerstetter

Mar-09-13 6:44 AM

Premier-"You'll have to talk to the President about that. Obviously he likes them."

Exactly Premier. Instead of looking at things in each department that could be cut with little disruption, Obama and his minions looked for those things that would cause the most harm and disruption to the people so he could use it at a political prop to point to and claim 'look what the GOP just did.' Pathetic, isn't it? And then you have the dolts like Hayes who lap it all up and believe all of Obama's diatribe. That's equally pathetic.

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CHayes

Mar-09-13 6:52 AM

"Well Mr. Hayes this from USGovernmentrevenue:

Total Revenue 2.468 Trillion Deficit 1.327 Trillion Debt 16.350 Trillion

I'd say the point of the letter is accurate dispite how you want to twist it."

So then you're saying the numbers in the letter that a bit ago you said were accurate, are actually inaccurate?

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Bufftrev1

Mar-09-13 7:10 AM

Hi mike.. I wondered how long it would be before someone put a partisan spin on this topic. Actually thought it might be me but you beat me to it.. you seem to be placing the blame on Presidnt Obamas policies or positions while ignoring the role republicans play. The lions share of the 16 t debt is due to the four policies under Bush.. want more? House republicans just passed a bill to simply put back funding for programs they favor that were cut by sequester.. want more? Senate Democrats proposed a bill, from memory, that included reducing or eliminating freebies for big oil, who profitted 80b last year alone.. R's killed it. This mess is hardly the fault of Obama or Democrats alone.. off to the barbershop.

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Ritty77

Mar-09-13 7:23 AM

Good letter, Mr. Smith.

While your figures may not be entirely accurate, they are close enough to illustrate the point that these cuts (actually decreases in projected increases) are too small and that Obama is purposely choosing to "cut" in areas of public safety, education, etcetera, instead of cutting the redundant, unnecessary spending that the GOA has outlined in its report entitled "Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue."

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Tedeaux

Mar-09-13 7:24 AM

The math in the story is flawed. With lopping off zeros, he wasn't consistent with the number of decimal places he dropped. By dropping nine zeros in each figure, the final adjusted national debt should be $16,420.00 rather than $164,200.00. It's still a huge debt and I think it has always been the President aim to reduce the national debt in aggressive manner, but by doing it in the way that it's currently being accomplished, he gets that added benefit of blaming it all on the Republicans. It's a win, win for the Democrats!

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mikekerstetter

Mar-09-13 7:31 AM

Bufftrev, when did the Senate or Obama sign a budget into place? Right, they didn't. OK, so when did the Senate or Obama act on a budget passed by the GOP controlled House? Oh, that's right, they didn't do that either. Alright then, when did they offer a counteroffer to a budget passed by the House? Hmm. Not looking very good for the Dems, is it?

And now that we're into the 5th year of Obama's presidency, with the first two years having Democrat controlled House, Senate and the White house, what are we still hearing from you? Yep, "Bush did it."

Sorry, that just doesn't work this far into his presidency.

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eriklatranyi

Mar-09-13 7:48 AM

The President and his administration have been lying about the effects of the sequester. The media is pointing out the falsehoods every day.

Basically, the President is a liar on this issue and hoped to scare citizens into forcing the House into more tax increases.

The President asked for a balanced approach. He got his tax increases and now refuses to negotiate on the spending cuts.

I guess that was another lie from President Obama.

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CMReeder

Mar-09-13 7:50 AM

He found the information in a chat room, well then it must be true. LOL

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eriklatranyi

Mar-09-13 7:51 AM

Liberals always use "the children" as the motivation behind their policies, like gun control.

Of course, burdening "the children" with mountains of debt does not seem to matter to them.

Yes, the GOP is partially responsible for our debt.

Unfortunately, most politicians in DC (from both parties) have too many sacred programs to cut anything.

It is time to throw out Harry Reid, Nancy Pelosi, John Boehner and John McCain!

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Ritty77

Mar-09-13 8:05 AM

"It's still a huge debt and I think it has always been the President aim to reduce the national debt in aggressive manner..."

What? Obama doesn't think we have a debt problem. He has added to the debt at an unprecedented rate and fights even minor cuts in those increases with all the serial lying and demagoguery for which he is famous.

The so-called sequester was necessary precisely because Obama wouldn't agree to decreases, and now that his hand has been forced, he throws a hissy fit and cuts the most noticeable areas.

The majority of Obama supporters have no interest in curtailing the spending spree because they are net takers and want to keep that coming, or they think spending is good and can be continued by simply closing loopholes and raising rates on the rich.

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rick424

Mar-09-13 8:12 AM

We will see what happens and who will be complaining 6 months or a year down the line. As the local airport might shut down for starters this is just the tip of the iceberg. Right now it is too early. Maybe little will happen, maybe a lot.

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Bufftrev1

Mar-09-13 8:20 AM

Hi mike... probably safe to assume, I'm not actually certain, that bush had a budget in place. Bush put us trillions upon trillions in debt. Hmm.. not looking good for the republicans, is it? That tired argument is pretty easy to dispell.. And, the fact remains despite what you wish were true, that the bulk of the debt comes from two wars, unpaid for prescriptipn benefits and unpaid for tax cuts. The debt is a result of both parties policies, not just President Obama or the Democratic party as you inferred I'd tell you that hubris, the 1% doctrine, and bitter pill (time) are excellent sources of information but I seem to recall you saying you don't read books because they're printed on paper. No matter, given the republican parties infighting and divisiveness, things continue to look quite good from the Democratic perspective..

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CHayes

Mar-09-13 8:21 AM

" with the first two years having Democrat controlled House, Senate and the White house"

Nobody controls the Senate when the party of no starts breaking filibuster records.

Schoolhouse Rock moment, but in case the wingers don't understand how the govt works, if nothing can pass the Senate, nothing can pass, period.

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