Panetta: Cuts Must Come from Entitlements !!, page 1


Pages:
ATS Members have flagged this thread 6 times
Topic started on 14-11-2012 @ 06:26 PM by xuenchen
Panetta: Cuts Must Come from Entitlements

Secretary of Defense Leon Panetta is acknowledging that cuts in the federal budget should come from entitlements, not the defense budget.

Asked about sequestration, which the White House proposed in order to play chicken with the Republicans over tax cuts, Panetta said:

The fact is that, you know, we have addressed the discretionary area, we’ve taken almost a trillion dollars out of discretionary area and out of defense alone, almost a half a trillion dollars just out of defense. I think the responsibility now, both Republicans and Democrats, has to be to look at the entitlement area, what savings can be achieved on entitlements and what additional revenues need to be on the table as well. .......

Panetta: Cuts Must Come from Entitlements


A bit ironic to say the least ?

I wonder why Panetta is rocking the boat about "entitlements" ??

Very strange comments by the Secretary of Defense.

As PPACA (aka ObamaCare) kicks in, and {if} the unemployment rate soars again, the "entitlement" costs will probably skyrocket.

Hmmmm.

What was his point anyway ?


reply posted on 14-11-2012 @ 07:12 PM by charles1952
reply to post by xuenchen


Dear xuenchen,

I assume your OP is humorous, because it seems Secretary Pannetta's message is pretty clear. If we want to have anything that looks like a functional military, that can do most of what the country asks it to do, you can't take away any more money.

Defense gets about 19% of the budget, entitlements get about 62%. He's saying that if you want to get money, go where the money is. I believe he's also recommending that we get some kind of handle on entitlements because they're getting larger each year with no end in sight.

I wish the solution was as easy as saying "Just take a few unneeded dollars from the military and help the poor of this country," unfortunately the numbers don't work that way, it is a foolish fantasy.

With respect.
Charles1952



reply posted on 14-11-2012 @ 07:24 PM by Afterthought
When are they going to do away with the word 'minority' and all that they're entitled to?
Here are a couple of entitlement groups that are being shown favoritism and it should end.
1. Female owned businesses getting bid preference.
I think this needs to end. I used to work for a company that made bids on government contracts. The owner was a man, but he had the business in his wife's name so they could get the best contracts. It would be different if his wife came into the office and did work or attended meetings, but I never once even met her. She never once came into the office. In fact, she lived in New York, while the business was in Virginia.
Besides, let's face it. Women have come a long way and can hardly be considered a minority.
2. Let's stop considering African Americans minorities.
We have a black (who's also white) president for goodness sakes! This goes to prove that anyone of this race can accomplish anything they want as long as they apply themselves and know the right people. Besides, their numbers are too many to be considered to be anywhere near the definition of a minority.
Hispanics should also not be considered minorities.

Honestly, the true minorities are American Indians and albinos.

I also believe that businesses who employ the disabled should get a break, I've been to a couple bakeries that employ only disabled individuals. These people are doing a great service for these unfortuneate people and should be given a break by our government through loan forgiveness and less taxes.

In regards to the military, they need to start spending more money and attention to our returning vets who need help readjusting to civilian life and probably need counseling services, which our government is not providing and should be. Shame on them for not standing up and helping these men and women are trying to overcome the pains of war.
edit on 14-11-2012 by Afterthought because: (no reason given)
edit on 14-11-2012 by Afterthought because: (no reason given)



reply posted on 14-11-2012 @ 07:28 PM by Jeremiah65
reply to post by xuenchen



His point? "keep your hands off my and my criminal friends in the military industrial complex's money!"

He would let a soldier starve and die homeless so the CEO of General Dynamics can buy a new yacht. This is a fact...


reply posted on 14-11-2012 @ 10:19 PM by charles1952
We're talking about cutting this, and raising that, but do we even have a clue what the results would be? Allow me to put in a shameless (is there any other kind?) plug for a new thread. www.abovetopsecret.com...

It leads you to a budget simulator based on government numbers and projections. You can see what happens if you cut something. (At least in the financial sense.) The current projection, keeping everything as it is now, shows the country as broke in 2033. (Check simulation for definition of broke.)

Seriously, give this a try, please.

With respect,
Charles1952



reply posted on 15-11-2012 @ 04:09 AM by learnatic
reply to post by xuenchen



Well they sure as christ ar'nt going to come from corporate welfare are they?? Nor are they going to come from the rich or the war industry are they?? .


reply posted on 15-11-2012 @ 05:48 AM by xuenchen
Originally posted by learnatic
reply to
post by xuenchen



Well they sure as christ ar'nt going to come from corporate welfare are they?? Nor are they going to come from the rich or the war industry are they?? .


Corporate "welfare" amounts to how much in tax breaks ?

Maybe you are on to something....

The pre-Bush tax rates on the "rich" will bring in only $42 billion a year......

not enough to curb a 1.3 trillion dollar deficit.


reply posted on 15-11-2012 @ 06:03 AM by St Udio
Panneta being moved from CIA to Defense was a strategic move in a political chessgame...

now Panetta makes this 'entitlement cut speech' right when his replacement at CIA is battered by a sex scandal


this is more a ploy to cloud issues and ingrain in the public consciousness that 'everyone' thinks entitlements need cut first

it is not so much that Panetts is 'protecting' his slice of the pie at Defense, but that angle will be played by some puppetmasters


the thought of Austerity is being embraced here, entitlement cuts are already in place by the way...
(look at the 1.7% cap on COLAs regardless of inflation & rising CPI)



the rioting going on in Spain right now is all about the slashing of 'entitlements'
see:
investmentwatchblog.com... nter-of-madrid-is-a-war-area-right-now/#comment-321283




heres a paraphrase of my reply in the comments:


StUdio
November 15th, 2012 at 6:21 am · Reply

instead of giving the bankers 100% of the debt payment…
how about only paying a prorata share and keep the peoples share of 'entitlements' at a level above mere subsistance living…
the lack of money to pay the bankers will eventually reverse and the greedy bankers will eventually be made whole


there is no need to roughly displace and denigrate the masses so the banker caste can remain affluent and strip the dignity from their prey
Read more at investmentwatchblog.com... -of-madrid-is-a-war-area-right-now/#oxr3MOXIpebQSgjH.99





see, the fight isn't between Defense and 'Entitlements' (aka; social safety net)
the real menace is the blood sucking banker cult that has a stranglehold on the public purse and is acting the Vampire role...


in times of National Emergency... all sectors have to contribute to aid the common good...
banker payment must be reduced as much as Entitlements are reduced
in fact in my thinking the massive debt the banker elites haveskillfully coerced from the public over the generations are way in excess of ordinary profit....the credit expansion model had reached a saturation point of debt owed to the banker elites that 'they' deliberately shelved that economic model so they could thrive splendidly for generations without being a part of the economic engine at all... the banker elites had attained demigod status


the current noise that Panetta is uttering...is just that - Noise to distract the serfs
Pages:     ^^TOP^^



A Really Sad Picture That I Saw Today, Left Me Speechless
  Posted 12 days ago with 148 member flags
Fact Check: First Lady\'s False Fairy Tale of Struggle
  Posted 6 days ago with 81 member flags
Coal miners say they were forced to attend Romney event and donate
  Posted 14 days ago with 71 member flags
Stephen King\'s Message
  Posted 10 days ago with 71 member flags
Paul Ryan Exposes Elite Agenda, "Shut Up" Says Banker
  Posted 10 days ago with 40 member flags