This page has been archived and commenting is disabled.
$38 Billion In Cuts? Make That $353 Million
Warning: people on blood pressure medication are urged not to read this.
Yesterday the media had a field day when it was uncovered that the hard fought $38 billion in budget "cuts" which almost caused America to shut down were in reality $14 billion. We, thus, can't wait to find out what the response will be when it is uncovered that the actual cuts were... $353 million. Yes: the ongoing functioning of the government was a pawn in a soap opera whose benefit to the US debt is $353 million, or about what Goldman's trading desk makes in less than one day.
From Washington Post:
A new budget estimate released Wednesday says that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in claimed savings by the end of this budget year.
The Congressional Budget Office estimate shows that the spending bill due for a House vote Thursday would pare just $352 million from the deficit through Sept. 30. About $8 billion in cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending.
The House began debate on the measure Wednesday with a test vote slated for the early afternoon. The measure appears on track to pass the House and Senate this week before a stopgap spending measure expires Friday at midnight despite opposition from some of the GOP’s most ardent budget cutters.
The budget deficit is projected at $1.6 trillion this year.
The CBO study confirms that the measure trims $38 billion in new spending authority, but says many of the cuts come in slow-spending accounts like water-and-sewer grants that don’t have an immediate deficit impact.
...
Republicans say they wish the measure would cut more but that the cuts negotiated by Boehner are about as good as can be expected giver that Democrats hold the Senate and the White House. In his February budget, Obama pressed a freeze on domestic agency accounts.
“We continue to push this president to places he never said he would go,” said House GOP Whip Kevin McCarthy of California. “The president said he would freeze spending. Our Speaker negotiated, outnumbered 3-1. We have cut spending.”
Speechless yet? You should be. And for those confused how B.H.O. picked the arbitrary number of $4 trillion in "cuts", John Lohman summarizes it best.
How Washington Cuts $38 Billion in 5 Simple Steps:
1. Announce spending bill that claims $38 billion in cuts
2. Wait for CBO to announce it only cuts $353 million1
3. Realize you only do 0.0093% of what you say2
4. Divide $38 billion by 0.0093% to get necessary target3
5. Round to the nearest trillion and announce result1 : Source: Washington Post, April 13, 2011
2 : $353 million divided by $38 billion
3 : $38 billion divided by 0.0093 = 4.1 trillion
»
- 34068 reads
- Printer-friendly version
- Send to friend
- advertisements -
junked for appealing to John Wayne. He was a damn actor. His toughness was a work of fiction. He'd probably cry if you slapped his face.
Watch them shuck and jive. They fiddle better than Nero.
This tune just went viral on the net.
It's the new matra for all of us tired of the political charade.
http://www.crockagators.com/audio/Shuck_and_Jive_hifi.m3u
We got it the first time.
Junked for repetition.
FILIBUSTER ... FILIBUSTER ... FILIBUSTER
The experiment in "central banks" is an absolute, 100%, complete and utter failure.
The experiment in "central government" is an absolute, 100%, complete and utter failure.
End "predators DBA FederalReserve".
End "predators DBA FederalGovernment".
The states need to pass a constitutional amendment that terminates the federal government. Just say "no mas".
The experiment in "central banks" is an absolute, 100%, complete and utter failure.
Actually it's a complete success. Well ...98% anyway. 2% to go till FRNs are worthless ...Fed's true goal since 1913.
"A very merry un-birthday, to you!"
"To me?"
"Yes"
http://www.thursdaynext.com/jurisfiction/images/madhatter.jpg
Increase in defense spending you say? Move along folks, nothing to see here. Any resemblance to the Roman Empire is purely coincidental...
.
So they finally cut haliburtons human trafficking budget.
'The End of America' doco by Naomi Wolf...watch on You-tube. USA, your country has already been taken from you by the fascists. Americans live in a police state. A tragedy
Attorneys have killed the US.
Money is offshore and hates putting a foot in any US deal because the attorneys have fucked up business.
That's why everything in the US is up for sale and on the cheap.
Buyers stay offshore.
I told you guys "the devil is in the details". Thank you United Satanist's of America-proud to be your eternal debt slave.
You wuz rolled, bitchez ...
March Deficit = $188 BILLION
2011 reduction (of slated $1.5T deficit) = $353million (one dollar per american).
Hmmmm.
This is pretty much what I figured. The US governing apparatus is simply incapable of truth.
Minor point: My math gives 0.9289% (so less than 1%) rather than 0.009289%. Unless I'm having a fluoride moment, a slight modification is needed in the posting.
What we need are useful instructions on how to fight these fascists. Drop points where we can funnel cash to freedom fighters willing to take them on - or at least buy ammunition and weapons until the time comes. And they can't count on the military - either - I know a lot of guys in the military and most of them are ready to back the rebels against Washington, DC. Obummer is going to have to get himself some mercenaries.
Hopefully the government will close down soon, that way people can find out just how worthless it is.
Second leadership debate in Canada:
Watching debate 2.0 en francais. Seems to me (kind of suprising) SH is most comfortable discussing issues in a second language.
/The liberal guy needs to learn some franglais - sounds like my high school french teacher. But in any case, they are talking about Iraq now - for me question is Libya.
/And Iggy is playing the anti-American card much more than he would have during the English debate. Can't wait to get the translation.
Wonder how well Iggy will be able to translate his "Let some flowers bloom here" comments into frenchlish.
Step 1: Collect Underpants
Step 2:
Step 3: Profit!
Everyone here should have seen this coming. I remember when they were lying about that healthcare mischief, and in the end it was a way to bribe, steal, and control, while making the US pay for it. The same thing applies to any major change they make, it will always be about theft and control. I wouldnt be suprised if we end up spending 10 trillion more than whatever number they present to the public. Oh hey the Dow Jones is up, buy and hold, you can't go wrong!
As they all laughed. Just last week we saw him in the Opium Parlor, "The Blue Oyster". The usual Mr. President? "Tina" walked off in his new pink hard hat to get "Baby B" his favorite squirt and a pipe. Life is good!
Kevin McCarthy starred in the original "Invasion of the Body Snatchers". He survived the ordeal by taking drugs to keep him awake, by the way.
Two things I noticed:
1. the 14trill in defict cuts is suspiciously the same nominal number as the total current debt; coincidence? or a diliberate attempt to confuse the two in the public minds; deficit, debt, to J6P they're the same, no? they think wonderboy is promising to balance the books and pay off the debt burden, while all he's doing is promising his successor(s) will slow down the explosive increase in the debt
2. the trend amoung all politicians to base their promises and action-plans spanning out way beyond their own mandates, easiest thing in the world isn't it, to promise something you don't have to deliver on yourself
So whats up with Iceland? Have they been invaded yet, arrested for back talk, has evidence been uncovered that proves that their thermal vents are actually WMDs.
It won't belong the bill will be due here and the american people will be given the same ultimatum as Ireland and the rest.
Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?
http://www.rollingstone.com/politics/news/the-real-housewives-of-wall-st...
Because they can.
rf
Because we let them.
We are done financially, we will see hyperstagflation and the complete collapse of the dollar.
"Yes: the ongoing functioning of the government was a pawn in a soap opera whose benefit to the US debt is $353 million, or about what Goldman's trading desk makes in less than one day."
LOL....Classic, absolutely classic!
The Republican Mantra
http://www.youtube.com/watch?v=31TTcjYw0hQ&feature=player_embedded#at=16
The new "Rick Rolled"
If all we need to plug is a $353MM hole, why doesn't the guv'ment by a Powerball or MegaMillions ticket - the winnings after tax, for them, will be 100% of the grand prize.
About $8 billion in cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending
So..... The fucking Indusrtial mitiltary complex and the Fucking bankster rules and runs the USA....
Pretty sad day to be an american slave.
baby_BLYTHE for Prez.....
Free dubbies all round.
Latest from Martin Armstrong and what it may look like on the other side of inflation
http://goldandsilverlinings.com/?p=628
BRICS CB's have just signed the USD death cert...F***** joke
And now I know for sure that luche libre has more credibility
Q. What's the difference between 38 billion and 353 million?
A. Err...I dunno.
Anyone holding any hope the gang of lying criminals in Washington is going to do anything to avoid financial catastrophe is simply delusional.
Borrowing a TRILLION damn dollars a year now, making a big deal out of cutting 38 billion like wow some huge fucking accomplishment, then finding out it's 350 measly million. Sheer friekin insanity.
They're going to take America right over the cliff, full speed, not caring what happens.
Cue Daltry:
"Yeeeeeeeaaaaaaaahhhhhhhhhhhhhhh.....
We just got fooled again!"
Fortunately, I saw this coming and bought property. In Japan. [sniffs ever-so-proudly]
the big budget meeting: in a locked room..
congressmen sitting around watching rerun of the "Masters"..drinking coffee and eating danish..after the rerun they turn to each other ..well that seems long enough..
lets end the meeting, the public is ready to hear our hard fought negotiations outcome..
lets go tell them.
Here is one individual's way of taking the trillions and explaining it on a personal level:
http://blogs.law.harvard.edu/philg/2011/04/10/understanding-congresss-solution-to-the-federal-deficit-problem/
I think the easiest way is to divide everything by 100,000,000 (10^8).
Let’s start with federal spending. The FY 2011 federal budget is approximately $3.82 trillion (3.82×10^12). Of that, approximately $2.17 trillion will be paid for by taxes collected and the remaining $1.65 trillion will be borrowed from our grandchildren. If we divide everything by 100 million, the numbers begin to make more sense.
We have a family that is spending $38,200 per year. The family’s income is $21,700 per year. The family adds $16,500 in credit card debt every year in order to pay its bills. After a long and difficult debate among family members, keeping in mind that it was not going to be possible to borrow $16,500 every year forever, the parents and children agreed that a $380/year premium cable subscription could be terminated. So now the family will have to borrow only $16,120 per year.