Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Ed & Dave Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 12-20-2012, 06:24 PM   Topic Starter
mlyonsd mlyonsd is offline
Supporter
 
Join Date: Aug 2000
Location: Spink, SD
Casino cash: $54929
Obama's proposed spending cuts won't even pay the interest on our debt

The Cost of Spending: Can deficit-reduction plans make a dent?

By Bret Baier
Published December 19, 2012 FoxNews.com

The report from President Obama's highly touted deficit-reduction commission came out two years and 18 days ago.

On that brisk December morning, Democratic Sen. Kent Conrad painted a dire picture if lawmakers didn't move quickly.

"If we fail to act now, our country could find itself in a circumstance in which we have to take draconian action, at the worst possible time in the middle of a crisis. I pray to God that we have the wisdom to act before that point," he said.

The two commission co-chairmen couldn't agree more. "This baby ain't going away," co-chairman Alan Simpson said.

But so far, Congress has not been able to pass a plan that achieves what their proposal would -- a $4 trillion deficit reduction within 10 years. And it's unclear if they ever will.

In the current talks over the looming fiscal crisis, the deal on the table is considerably smaller -- and yet President Obama said Wednesday that Republicans should be pleased with the spending cuts they'd be getting him to sign onto.

"Take the deal," he said. "You know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package; that we will have stabilized it for 10 years. That is a significant achievement for them. They should be proud of it."
But clearly, they're not.

Last week, Republicans warned about "kicking the can down the road" and "doing all the gimmicks that have been done in the past."

Whether either party will kick that habit, though, remains to be seen. With the government spending roughly $10 billion a day, the cuts that are being proposed wouldn't even cover the interest on the debt.

Spending is not projected to go down. At best, the rate of growth in spending would slow.

"The word 'cut' is what government statisticians and budget officials call it -- but in fact it's just really a slowing of growth, and sometimes the growth is still quite high even after it's slowed down," said John Taylor, a Stanford University economist.

Arthur Brooks, with the American Enterprise Institute, explained: "They assume that if this year we spend 5 percent, next year we're gonna spend 8 percent, and the year after that we're gonna spend 10 percent. And they say 'well I'll tell you what, why don't we cut a percentage point off each one of those rates of growth?' ... Well, that's not a cut."

Former Democratic Sen. Evan Bayh noted that "no family, no business, no philanthropy" would operate that way.

"I think there are some passages in Alice in Wonderland that must have dealt with this, because in Washington less of an increase is considered a cut, even though it's more money," he said.

So why not scrap that system altogether? Bayh said some have suggested doing that, and budgeting every year by starting from zero and saying "how much money do we have?"

"That's the way every business, every family, ever charitable foundation has to operate -- would be good if the federal government did that too," he said.


Read more: http://www.foxnews.com/politics/2012...#ixzz2Fe3RyoDz
Posts: 24,941
mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.
  Reply With Quote
Old 12-20-2012, 06:45 PM   #2
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $1266889
Obamas spending cuts are a sham. Its not a spending cut at all. A spending cut would impact next year. No one has the balls to cut spending next year. They all make me sick. The stupid voters have no clue the screwing we are taking from all these rotten bastards.
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 28,302
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 12-20-2012, 06:49 PM   #3
CoMoChief CoMoChief is offline
The Revolution Has Begun
 
CoMoChief's Avatar
 

Join Date: Mar 2005
Location: KCMO
Casino cash: $145934
It's not a cut at all.

These crooks have NO PLANS WHAT SO EVER to try and reduce our debt.

You liberals need to realize that. But you won't....you think money grows on trees.
__________________
2014 Adopt-A-Chief: RT Donald Stephenson #79
Posts: 30,639
CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.
  Reply With Quote
Old 12-21-2012, 10:43 PM   #4
GoChargers GoChargers is offline
Vincent Who?
 
GoChargers's Avatar
 

Join Date: Oct 2012
Casino cash: $965656
Quote:
Originally Posted by CoMoChief View Post
You liberals need to realize that. But you won't....you think money grows on trees.
No, they simply don't understand the consequences of just printing enough fiat money to cover these expenses. Most so-called conservatives don't either.
__________________


Posts: 1,927
GoChargers would the whole thing.GoChargers would the whole thing.GoChargers would the whole thing.GoChargers would the whole thing.GoChargers would the whole thing.GoChargers would the whole thing.GoChargers would the whole thing.GoChargers would the whole thing.GoChargers would the whole thing.GoChargers would the whole thing.GoChargers would the whole thing.
  Reply With Quote
Old 12-24-2012, 11:49 AM   #5
CoMoChief CoMoChief is offline
The Revolution Has Begun
 
CoMoChief's Avatar
 

Join Date: Mar 2005
Location: KCMO
Casino cash: $145934
Quote:
Originally Posted by GoChargers View Post
No, they simply don't understand the consequences of just printing enough fiat money to cover these expenses. Most so-called conservatives don't either.
Money growing on trees = priniting meaningless paper money w/ zero value.
__________________
2014 Adopt-A-Chief: RT Donald Stephenson #79
Posts: 30,639
CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.CoMoChief threw an interception on a screen pass.
  Reply With Quote
Old 12-20-2012, 06:52 PM   #6
Dayze Dayze is offline
Resident Glue Sniffer
 
Dayze's Avatar
 

Join Date: Nov 2003
Location: Overland Park
Casino cash: $1240711
probably a dumb question, but a serious one,...why isn't there a requirement to have a balanced budget?
__________________
Life is 99% inspiration, 1% Perspiration, and 1% Attention to Detial.
Posts: 25,404
Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.
  Reply With Quote
Old 12-20-2012, 06:54 PM   #7
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $1266889
Quote:
Originally Posted by Dayze View Post
probably a dumb question, but a serious one,...why isn't there a requirement to have a balanced budget?
Dumb is not having such a requirement
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 28,302
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 12-20-2012, 07:01 PM   #8
mlyonsd mlyonsd is offline
Supporter
 

Join Date: Aug 2000
Location: Spink, SD
Casino cash: $54929
Quote:
Originally Posted by Dayze View Post
probably a dumb question, but a serious one,...why isn't there a requirement to have a balanced budget?
How do you expect an elected official to keep his job if he ever has to be the bad guy?

Both sides are guilty. The unfortunate thing is we have a president that is facing a long term crisis and he doesn't lead.
Posts: 24,941
mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.mlyonsd is obviously part of the inner Circle.
  Reply With Quote
Old 12-21-2012, 10:08 PM   #9
go bowe go bowe is offline
bye bye bo...
 
go bowe's Avatar
 

Join Date: Nov 2002
Location: independence
Casino cash: $593794
Quote:
Originally Posted by mlyonsd View Post
How do you expect an elected official to keep his job if he ever has to be the bad guy?

Both sides are guilty. The unfortunate thing is we have a president that is facing a long term crisis and he doesn't lead.
i don't necessarily disagree but i wonder when i hear that o'bama doesn't lead what is it that he is supposed to do to be a leader?

can he individually buttonhole the tea partiers and hard-right conservative reps in the house and persuade them to compromise?

when their own leaders cannot?

what actions would constitute "leadership" with regard to the fiscal cliff negotiations? what should he do?
Posts: 30,001
go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.go bowe 's phone was tapped by Scott Pioli.
  Reply With Quote
Old 12-21-2012, 10:50 PM   #10
JonesCrusher JonesCrusher is offline
Knock Knock
 
JonesCrusher's Avatar
 

Join Date: Sep 2006
Location: Southeast Wisconsin
Casino cash: $45177
Quote:
Originally Posted by go bowe View Post
i don't necessarily disagree but i wonder when i hear that o'bama doesn't lead what is it that he is supposed to do to be a leader?

can he individually buttonhole the tea partiers and hard-right conservative reps in the house and persuade them to compromise?

when their own leaders cannot?

what actions would constitute "leadership" with regard to the fiscal cliff negotiations? what should he do?
He is "The Man" he needs to put forth a plan and sell it like he has sold himself for the last 6 years. Bush sold a bunch of dems on a gazillion dollar war, I think Obama could sway some r's over a few trillion dollars.
Posts: 771
JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.JonesCrusher must have mowed badgirl's lawn.
  Reply With Quote
Old 12-23-2012, 08:52 PM   #11
KCWolfman KCWolfman is offline
Fall down 7 times, get up 8
 
KCWolfman's Avatar
 

Join Date: Aug 2000
Casino cash: $9182
Quote:
Originally Posted by JonesCrusher View Post
He is "The Man" he needs to put forth a plan and sell it like he has sold himself for the last 6 years. Bush sold a bunch of dems on a gazillion dollar war, I think Obama could sway some r's over a few trillion dollars.
Again, why? What is the purpose of raising the taxes solely on "The rich" and not making realistic spending cuts?

Do you believe this will balance our budget?
__________________
How strangely will the Tools of a Tyrant pervert the plain Meaning of Words!
Samuel Adams
Posts: 15,465
KCWolfman would the whole thing.KCWolfman would the whole thing.KCWolfman would the whole thing.KCWolfman would the whole thing.KCWolfman would the whole thing.KCWolfman would the whole thing.KCWolfman would the whole thing.KCWolfman would the whole thing.KCWolfman would the whole thing.KCWolfman would the whole thing.KCWolfman would the whole thing.
  Reply With Quote
Old 12-20-2012, 07:47 PM   #12
stonedstooge stonedstooge is offline
Arf! Arf! Arf!
 
stonedstooge's Avatar
 

Join Date: Dec 2007
Location: North
Casino cash: $421618
Quote:
Originally Posted by Dayze View Post
probably a dumb question, but a serious one,...why isn't there a requirement to have a balanced budget?
Balanced budget? Hell these jokers in DC haven't even had a budget for what 3 years now?
__________________
2013 ADOPT A CHIEF
Eric Kush




"Often is a word I seldom use"--JP
Posts: 20,037
stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.stonedstooge is obviously part of the inner Circle.
  Reply With Quote
Old 12-20-2012, 08:10 PM   #13
Direckshun Direckshun is offline
Black for Palestine
 
Direckshun's Avatar
 

Join Date: Oct 2006
Location: Springpatch
Casino cash: $1210565
Quote:
Originally Posted by Dayze View Post
probably a dumb question, but a serious one,...why isn't there a requirement to have a balanced budget?
Because there are legitimately times when it may be necessary to run a budget deficit.

If your economy is in a recession, deficit spending is largely considered the #1 way to inject demand into a struggling economy.

The problem, of course, is that the government needs to later tighten its belt. Bring in more revenue and/or reduce its spending. Democrats have been long resistent to cut spending, and Republicans have been long resistant to increase revenue.

So here we are.
__________________
Posts: 43,906
Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.
  Reply With Quote
Old 12-21-2012, 06:08 AM   #14
Amnorix Amnorix is offline
In BB I trust
 
Amnorix's Avatar
 

Join Date: May 2003
Location: Boston, Mass.
Casino cash: $213323
Quote:
Originally Posted by Dayze View Post
probably a dumb question, but a serious one,...why isn't there a requirement to have a balanced budget?

Constitution doesn't have one, so where would such a requirement come from.

And, just for the record, there was something like ONE year when the federal government had zero debt. Late in Andrew Jackson's administration, if memory serves. The federal government has always had debt otherwise (though not always deficits, obviously).
__________________
"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington
Posts: 33,004
Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.Amnorix has an IQ even higher than Frankie's.
  Reply With Quote
Old 12-20-2012, 07:20 PM   #15
Comrade Crapski Comrade Crapski is offline
Banned
 

Join Date: Mar 2012
Location: Sea of Green 23.4
Casino cash: $28270
And his tax increases will cover about 6 days of government spending.
Posts: 3,833
Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 05:21 PM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.