reply to post by 00nunya00
I believe austerity measures should begin within the government. Here are some figures for you to work with. Forgive me for not supplying all sources,
but I wanted to keep this within one post.
Department of Homeland Security $42.7 billion
Internal Revenue Service $12.3 billion
Drug Enforcement Administration $2.415 billion
Equal Employment Opportunity Commission $385 million
Department of Defense $707.5 billion (for calculation, I'm cutting half or $353.75 billion)
Minority Business Development Agency $35 million
Overseas Private Investment Corporation $57.89 million
Selective Service System $23.9 million
Women's Bureau $106.7 million
Current President's salary $400,000
Current Presidential pension $191,300
Current Vice President's salary $230,700
Current Congressional salary $174,000
Average Congressional pension (includes Vice President)
The Vice President does not automatically receive a pension based on that office, but instead receives the same pension as other members of
Congress based on his position as president of the Senate. The Vice President must serve a minimum of five years to qualify for a pension.
The pension amount is determined by a formula that takes into account the years served and the average pay for the top three years in terms of
payment. In 2002, the average pension payment ranged from $41,000 to $55,000. For example, a member of Congress who worked for 22 years and had a top
three-year average salary of $153,900 would be eligible for a pension payment of $84,645 per year.
Living Presidents 5
Total annual pensions $956,500
Congressional members 535
Total Congressional salaries $93,090,000
Total salaries and pensions $94,677,200
Cutting that amount in half yields $47,338,600
Adding it all together comes out with a budget reduction of $415,820,890,000 per year or about 30% of the federal budget for fy 2012. I consider this
a conservative proposal. I'm sure more investigation could produce a higher percentage.
Entitlements make up about 50% of the federal budget. Here is a list:
Home Mortgage Interest Deduction
Hope or Lifetime Learning Tax Credit
Child and Dependent Care Tax Credit
Earned Income Tax Credit
Social Security--Retirement & Survivors
Social Security Disability
SSI--Supplemental Security Income
Government Subsidized Housing
Which of these would you cut and by how much?
edit on 16-5-2012 by N3k9Ni because: typo