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Old 02-25-2013, 08:04 PM  
petegz28 petegz28 is offline
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The world is going to end as we know it on Friday as the US Federal Government attempts to deal with a whopping $85 bil in spending cuts.

Airplanes will discontinue flying, food stamps will no longer be handed out, the Coast Guard will cease to float, the military will not be ready to fight and terrorists will begin attacking us.

All because the Federal Government will have to actually cut spending by 2.4%!!!!!!

Last edited by petegz28; 02-25-2013 at 08:49 PM..
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Old 02-26-2013, 05:11 PM   #16
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Our economy is more than 15% larger now than in 2009, our population is over 10 million larger. Since many discretionary programs (like on transportation or education) are implicitly or explicitly linked to the size of our nation and the amount of commerce passing through it, one would expect spending to grow by a natural rate over time. This is why spending as a share of gdp or per capita are the typical measures used in serious discussions of policy. They are more informative.

Something to keep in mind when someone pulls out the old trick of comparing levels of spending now in plain dollar terms to a time in the recent past.
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Old 02-26-2013, 05:13 PM   #17
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Would those be real cuts meaning they spend less than last year or just cuts in the amount of increase? It is an honest question
For most non-defense programs, just reductions in planned spending, for some, real reductions. For defense its real reductions.
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Old 03-01-2013, 07:07 AM   #18
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Quote:
Originally Posted by petegz28 View Post
The world is going to end as we know it on Friday as the US Federal Government attempts to deal with a whopping $85 bil in spending cuts.

Airplanes will discontinue flying, food stamps will no longer be handed out, the Coast Guard will cease to float, the military will not be ready to fight and terrorists will begin attacking us.

All because the Federal Government will have to actually cut spending by 2.4%!!!!!!
Thanks for the heads up.
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Old 03-01-2013, 07:13 AM   #19
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Old 03-01-2013, 07:14 AM   #20
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Old 03-01-2013, 09:23 AM   #21
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When the economy double dips this year and Obama blames his sequester as the reason why....
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Old 03-01-2013, 09:34 AM   #22
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When the economy double dips this year and Obama blames his sequester as the reason why....
It's the fault of the non-cooperative Republicans!!
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Old 03-01-2013, 09:44 AM   #23
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Old 03-01-2013, 09:47 AM   #24
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Old 03-01-2013, 10:51 AM   #25
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Old 03-01-2013, 10:52 AM   #26
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I saw black children this morning eating dogfood.

DAMN YOU TO HELL, GEORGE BUSH!
Was it the kind that makes gravy? That stuff doesn't look all that bad.
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Old 03-01-2013, 11:06 AM   #27
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I thought we had a surplus last month. Why do we need cuts?
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Old 03-01-2013, 11:20 AM   #28
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Was it the kind that makes gravy? That stuff doesn't look all that bad.
Goes well with government cheese.
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Old 03-01-2013, 11:35 AM   #29
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Old 03-01-2013, 01:51 PM   #30
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Goes well with government cheese.
Whoa, whoa, whoa....whoa. Whoa. Now you're getting into some high class cuisine.
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