posted on Dec, 1 2012 @ 02:41 PM
Ok, I stand corrected... It was brought to my attention that the President HAS, in fact, advocated a plan for cuts as outlined
In THIS Office & Management Budget from GPO.
Actually, as I have just spent the past 2 hours reading through it, it is a complete and total joke! The total savings offered by this president
amount to a total of $102Billion dollars - over the next 10 years - amounting to a paltry $10.2Billion dollar annual savings versus an annual Deficit
of $1.1Trillion dollars! That is a 1% of the deficit and only .3% of the total budget!!!
Now for the actual proposed cuts... if you take the time to look at the programs being proposed for cuts or eliminations, you will quickly recognize
that 90% of these should have never been undertaken to begin with!
So, let us assume that we implement the President's plan in full, along with his proposed tax hikes. That would eliminate a total of only
$170Billion in deficit spending versus the $1.1+ Trillion in deficit spending STILL leaving the United States with over $900 Billion dollars a year in
deficit spending! This does NOT take into account the spending programs that have yet to be enacted, like Obamacare, which will certainly take us
well over the $1T in deficit spending once again.
What hasn't even been discussed are the unfunded liabilities which is rapidly approaching the $100 TRILLION mark. This includes Social Security,
Medicare, Pensions and a whole host of other promises made, money collected and blown when it was supposed to be reserved in trusts. In fact, Social
Security Trust Fund has virtually no money in it! It is filled with Congressional IOUs. Keeping in mind that we cannot even fund our current
government, how in the hell are we expecting to meet these future liabilities???
The deeper I get into the data, the more pissed off I am becoming! My generation has paid into Social Security and Medicare but it appears that the
money that we were told we were investing in ourselves for OUR future has already been squandered leaving nothing! There will be no money for the
government to fulfill its obligation to us!
I'd like to extend a "Thank you" to Wrabbit for bringing this GPO publication to my attention and allowing me to correct my previous assertion that
no cuts have been proposed by this administration - I was wrong. That said, I wasn't very far off as what is being proposed doesn't even amount .3%
of the budget - WHAT A JOKE!!!