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WASHINGTON—A new analysis by the Congressional Budget Office suggests that the 2011 spending deal struck by Republicans and Democrats late Friday would save only about $352 million this year, a small fraction of the $38.5 billion touted by negotiators on both sides.
Originally posted by Sinnthia
U.S. Budget Analysis Shows Smaller Savings .
WASHINGTON—A new analysis by the Congressional Budget Office suggests that the 2011 spending deal struck by Republicans and Democrats late Friday would save only about $352 million this year, a small fraction of the $38.5 billion touted by negotiators on both sides.
Wow, quite a little leap there. The last time I believe it was with renewing the patriot act. The TEA party candidates failed to stand with their people. Now I know the TEA party wanted some big big big cuts to happen and it seems that decimal point moved a bit there.
Originally posted by centurion1211
Last time I checked, members of the Tea Party like Bachmann voted against this so-called budget "compromise".
The fact that even that compromise now looks like a sham makes the Tea Party members that voted against it look like the real intelligent people here.
Yeah I would probably have done that had it not crossed my path in what comes across like email spam in a short "yeah but...follow my link." Sorry but I find it rather pointless to take this discussion over to your thread. But hey, you go there and wait for me, k?
Check out this ...
Originally posted by Sinnthia
Seems you missed the point here. What was Bachmann going for again? 1%. You can go on and on about he she did not like this compromise but you cannot show me where she proposed any more signifigant cuts, can you?
Rep. Michele Bachmann has outlined an estimated $423 billion in potential federal budget cuts that, on the surface, seem simple, but in practice serve as an object lesson in how tough it’ll be for Congress to make any meaningful budget cuts over the next few years.
Originally posted by centurion1211
Her proposed cuts are over 10 times what was agreed on in the compromise.
Originally posted by Sinnthia
Originally posted by centurion1211
Her proposed cuts are over 10 times what was agreed on in the compromise.
Wow. Her proposed cuts were over 10 times 1%!!!! I stand corrected then. I asked for you to show me signifigant cuts but I never expected anything as high as 10%. I feel like such an idiot now.edit on 14-4-2011 by Sinnthia because: (no reason given)
Originally posted by getreadyalready
How about Paul Ryan's Plan?
Critics say Ryan's plan won't help to lighten the debt load. Indeed, it would actually increase the federal debt from $15 trillion to $23.1 trillion.
"Republicans want to spend $40 trillion over 10 years. That averages a staggering $4 trillion per year. As recently as 2000, federal spending was only about $1.8 trillion," Benedict said from his Washington, D.C., office.
(CNSNews.com) - The federal government has already borrowed an additional $803.73 per each household in the United States since the Republican House majority elected last November enacted its first law governing federal spending.
On March 2, the day that first Republican-approved CR became law, the national debt was $14.1785 trillion ($14,178,525,108,267.60), according to the Bureau of the Public Debt. As of now, the national debt is $14.2729 trillion ($14,272,993,603,617.44).
That means the debt has increased $94.5 billion ($94,468,495,349.84) since the Republican-controlled House gained constitutional control of the federal purse strings.
Originally posted by getreadyalready
I admit Ryan's plan is not perfect, but it is the most aggressive one out there.
The measure is certain to die in the Senate where Democratic leaders have endorsed President Barack Obama’s competing call to reduce the deficit through a combination of tax increases and spending cuts.
Originally posted by getreadyalready
The problem is too much compromising, pandering, and politcking.
It would also cut the top corporate and individual tax rates from 35 percent to 25 percent. The plan wouldn’t balance the government’s books until 2040.
Originally posted by getreadyalready
We need these Tea Party folks to be the radicals they were accused of being.
[my bold for emphasis]
No Democrats voted today for Ryan’s plan while four Republicans opposed it: Representatives Denny Rehberg of Montana, David McKinley of West Virginia, Walter Jones of North Carolina and Ron Paul of Texas.
Originally posted by getreadyalready
reply to post by kinda kurious
Ha! No partying yet today!
I admit Ryan's plan is not perfect, but it is the most aggressive one out there. The problem is too much compromising, pandering, and politcking.
We need these Tea Party folks to be the radicals they were accused of being. We need them to stand pat on issues and force the compromise to come to them.
The scary fact is, eventually nature will take its course. We can take drastic measures now, or we can continue pissing on the wildfire until it overtakes us. The economy is going to reset itself one way or another. The government is going to get reset one way or another. i prefer it to be by calculated, and stern actions, but if we continue pandering and compromising instead of acting, then eventually things will fall apart and happen on their own terms.
Originally posted by getreadyalready
reply to post by Sinnthia
How about Paul Ryan's Plan?
He is proposing some major cuts, and he is acknowledging the difficulty, but also the necessity.
Originally posted by getreadyalready
Or here is a fellow Tea Partier of mine, also an economist, teacher, and fellow ATSer.
Modern Sense -- U.S. Fiscal Policy and Debt Limit
It only slightly touches on the Budget, but it goes into more detail about the proposed filibuster the Tea Party stands to use if they try to raise the debt ceiling again.
The sad fact is, YES, the Tea Party did get hijacked and steamrollered by the GOP and Fox News. Their ideals were widely mis-communicated, and the nationwide impression of the Tea Party does not match what you could find in your local town. Also, many of the elected Republicans were just riding the wave, and they didn't have any intention of radically altering the politics as usual.
It was a baby step. An important one, because it might stave off some major protests/revolts/riots for a little while. Either the political process works, and something like the Tea Party can make a difference, or the political process is broken, and the necessary change will have to come about by other means. I am praying for the Tea Party approach, but I'll support whatever is necessary to get a handle on things before it is too late.
Originally posted by getreadyalready
Like I said earlier, ryans plan is not perfect, but, in my opinion it is the best thing on the table at this time. I would love to see an even more aggressive plan! I would love to see a "flat tax" or the so-called "fair tax" or even a "consumption/sales tax."
The current system is ridiculous. It needs a drastic overhaul. We shouldn't have anybody, rich or poor, that is not paying taxes, and we shouldn't be penalizing people who are more or less successful than others.
Ron paul has some very, very good ideas, but somehow he loses support. He always seems to be on the fringe. He can't even keep the tea party united behind him. I wish he were a better politician, but at this stage, I am willing to take someone with less constitutional savvy and more political savvy! We have to start somewhere and get something done, and build on that.
Or.......we can always scrap the political illusion and go confederate style?
Is that what you hope for your children and grandchildren's futures to be like?
So how is it that so many people can agree that the tax code is unfair and then part ways like us in that you think $3Trillion in lost tax revenue is ok, as long as we cut programs for the poor where as I think, lets hold on to that $3Trillion instead of giving it away and start from there.
In the greatest country in the world, I refuse to settle for the "best we got at this time." We can do better. We have done better.
The TEA party claims to be all concerned for "we the people" right? The TEA party is not a majority of the people in this country. You just explained how they are going to either filibuster or protest louder later if they do not get their way. What happened to "we?"