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Ron Paul Exposes The Deficit "Plan" Lies: "Cuts Are Illusory, Not From Current Amounts Spent But From Projected Spending Increases"
Ron Paul slams it right out of the ballpark.
One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth. In spite of the rhetoric being thrown around, the real debate is over how much government spending will increase.
No plan under serious consideration cuts spending in the way you and I think about it. Instead, the "cuts" being discussed are illusory, and are not cuts from current amounts being spent, but cuts in projected spending increases. This is akin to a family "saving" $100,000 in expenses by deciding not to buy a Lamborghini, and instead getting a fully loaded Mercedes, when really their budget dictates that they need to stick with their perfectly serviceable Honda. But this is the type of math Washington uses to mask the incriminating truth about their unrepentant plundering of the American people.
The truth is that frightening rhetoric about default and full faith and credit of the United States is being carelessly thrown around to ram through a bigger budget than ever, in spite of stagnant revenues. If your family's income did not change year over year, would it be wise financial management to accelerate spending so you would feel richer? That is what our government is doing, with one side merely suggesting a different list of purchases than the other.
In reality, bringing our fiscal house into order is not that complicated or excruciatingly painful at all. If we simply kept spending at current levels, by their definition of "cuts" that would save nearly $400 billion in the next few years, versus the $25 billion the Budget Control Act claims to "cut". It would only take us 5 years to "cut" $1 trillion, in Washington math, just by holding the line on spending. That is hardly austere or catastrophic.
A balanced budget is similarly simple and within reach if Washington had just a tiny amount of fiscal common sense. Our revenues currently stand at approximately $2.2 trillion a year and are likely to remain stagnant as the recession continues. Our outlays are $3.7 trillion and projected to grow every year. Yet we only have to go back to 2004 for federal outlays of $2.2 trillion, and the government was far from small that year. If we simply returned to that year's spending levels, which would hardly be austere, we would have a balanced budget right now. If we held the line on spending, and the economy actually did grow as estimated, the budget would balance on its own by 2015 with no cuts whatsoever.
We pay 35 percent more for our military today than we did 10 years ago, for the exact same capabilities. The same could be said for the rest of the government. Why has our budget doubled in 10 years? This country doesn't have double the population, or double the land area, or double anything that would require the federal government to grow by such an obscene amount.
In Washington terms, a simple freeze in spending would be a much bigger "cut" than any plan being discussed. If politicians simply cannot bear to implement actual cuts to actual spending, just freezing the budget would give the economy the best chance to catch its breath, recover and grow.
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“Heavy cuts in Medicare payments to nursing home operators, plus a lingering concern over Medicaid reductions, cast managed-care stocks down by wide margins Monday…”
Ron Paul is one of the few dependably honest voices identifying where the money is coming from and where it is going. What, in these troubled days, would we do without him?
This is how my wife handles the money , hey maybe they have been calling her for financial advice ??When a cut meant not spending as much as she could have ...
Right. Thanks Groupon and Living Social. Now my wife "saves" twice as much money as she used to. Funny. It's not showing up in my bank account. Pretty toenails though.
For all of us wishing Ron Paul to be president, you aware that there is a reason why voting has gone electronics, right ?!
If any candidate ever come close to making a threat to the Fed, they won't be "elected".
Search "voting machine" in youtube. Those certified voting machines are extremely hackable.... for a reason...
"It doesn't matter who votes. What matters is who counts the votes." --Joseph Stalin
Stalin, a man who care about voters, people rights. Or man who want people to not vote.
These are quotes I would tell people and message I would also leak if want people to think vote not matter. Wake up. Voting matter, they want you to think it doesn't matter. It big secret of ruling class.
No, public opinion matters. Even in despotic dictatorships.
Voting merely pacifies people into thinking they're contributing to the public opinion when in reality it's a devisive false dichotomy, pitting man against neighbor and they only give you a choice between the lesser of two evils, both of whom do the bidding of the oligarch puppet masters.
Real public opinion is out in the streets, not in a little plastic box filling in bubbles on a piece of paper.
No, you are wrong. Everyone in this country have chance to run for office, it mean you and all people on this site could run and we would change country. Problem is most here like your strategy because easier to sit on couch eat popcorn and justify lazy ass.
In history always been voter fraud. So you roll over to die, give up? With big enough numbers he win no matter.
But you think it threat? Stop crying like baby and do something. Start work for referendum on ballot to change machine. Here example one voter referendum. Since sound like you lazy.
http://www.dispatch.com/content/stories/local/2011/04/04/sb-5-opponents-...
No but we have double the number of people unemployed. Let's face it most of Obama's ramp job has been to keep the unemployed docile.
We also have double the wars... or is it triple? Can never keep track.
Obummer's ramp-up primarily helped WHICH group of unemployed workers? I guess there were some grants to states extending unemployment benefits. But compared to the 16T that went to banks and then hand-outs to the MIC, ramping up the DOW did exactly what to passify the people? I think this is power executed from the top, pure and simple...or we can give Lindsay Lohan some credit, too.
All this is nonsense, the government is not a household, its debts are private surpluses. Cutting spending means private debts are left unpayed.
The reason the govt runs a deficit is b/c there is no other enterprise than can run continuous deficits and remain in business!
Debts are essential to industrial economies because these never earn a profit, they are all one-way waste machines. The world borrows to finance a comic book idea of the future that never arrives.
400 years of industrial 'progress' has left nothing behind but repeated lies and broken promises.
Be careful of what you wish for: hard currencies, gold and 'balanced budgets' can all be had ... in agrarian, non- industrial economies. Can you farm or earn a living as a tradesman? I didn't think so. Endure the non-balance budget for awhile until some means appears to allow a shift to something more user- friendly than using a digging stick.
We are closer to agrarianism than you might think with our massive petroleum imports dependent upon a disintegrating status quo, an industrial economy stricken with stranded fuel use infrastructure. We are running out of levers ...
It's called 'bubble economy', not 'industrial economy'. And yes, sooner or later there will be a lot more people growing their own food and making do just to survive, once the bubble runs out of hot air. Oh, except for the ones at the top, who used the bubble to impoverish the lower echelons.
Please don't tell me you are suggesting we need more of the same.
What we need is an economy based on reality, not on some political class tool's inflated balloon toy picture of reality. Gods, we've been talking about this for years. Yes, there would be pain in a transition back to reality, but that is the way back to life. Continued anesthesia is the way to death.
As long as uncle sugar is there to 'protect' our infrastructure from reality, the shift to something more 'user-friendly' will continue at a creeping, leisurely pace.
A government can and should live within its means. If the States can do it, our federal government can do it. The government is not a household, but it does have revenue and should only spend what it earns. Period.
Keynesian bullshit. Your time is coming to an end.
I was unaware that Switzerland didn't experience the industrial revolution until 2000 (the year they abandoned the gold standard). Thanks for clearing that up.
Steve you are correct. We had a guy selling brats to pay his taxes in town. I looked him in the eye and said thank you for providing this lunch for me as a michigan independant. I have worked trades and thank god i still have work since 1978. The Company we work at is Global and we do talk about real things also. These people today have no idea what is coming if they fail to listen. Also, the family farm still survives and was established in 1958 from hard work and will with his will alone retire to provide security and support to family and friends. It is better to thought a fool by the world and understand you are for providing support for hard times we have seen time and time again.
Rod and Todd Flanders should go speak to congres....."TELLING LIES MAKES BABY JESUS CRY..."
What do you think would happen if president Ron Paul put Austrian economists at treasury, the fed, Dept. of justice & on his economics council? Think that would shake things up a little bit? This same old shit is getting old.
Did I see a shred of news over the weekend that the districts represented by tea partiers were each going to get $1 billion more of government spending than other districts? Have they been bought as well?
In the mean time I just googled the word tea party and 1 billion and look what I got:
http://beta.news.yahoo.com/blogs/exclusive/anti-earmark-tea-party-caucus...
Ron Paul is the man!
Every politician who stands in the way of getting the Constitution amended to include the balanced budget amendment needs to get their sorry ass FIRED next election cycle. I don't care if they cure cancer, and negotiate global nuclear disarmament:
NO BALANCED BUDGET AMENDMENT TO THE CONSTITUTION = YOUR ASS IS FIRED!
Fuck these douche-bags and their duplicitous windbag bullshitery.
Obama: show me the money jaw boner: SHOW ME THE MONEY
.
SHOW ME THE MONEY
http://www.opencongress.org/bill/112-h1489/text
restores glass-steagall and repeals graham-leach-bliley. support this bill now
the clinton scum used this kind of logic to great effect when the last major show down over spending occurred. this time around proves that the idiot americans still accept the logic and are quite content with the spending cuts which still require two massive increases in the debt ceiling to 20 trillion dollars. the debt ceiling is a farce.
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