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TMFFlushDraw (62.46)

We Have Some Real fools (lowercase) in Congress

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November 21, 2011 – Comments (2)

How hard could it possibly be to cut $1.2 trillion in spending over the next 10 years? A vast majority of the budget comprises Social Security, defense, Medicare, and Medicaid. Raise the eligibility age here, cut some benefits there, stop going to war with everyone and whala. Problem solved. 

It's a good thing there's a backup plan that will automatically cut $1.2 trillion in spending over 10 years. Or is there...

Watching Sunday morning political talk shows I saw plenty a politician saying we couldn't cut defense spending and that they might try moving the cuts elsewhere. Like maybe the outrageous 2016 estimate of $6 billion the energy department spends to advance us past foreign oil dependence, the $20 billion we waste on agriculture to keep farmers from boom and bust cycles, or maybe $118 billion that's spent on wasteful transportation projects like roads and bridges. Those would be much better than the $680 billion that will be spent housing Marines in Australia, fighting a neverending war in Afghanistan, and having every new plane known to man.

(I hope you sensed the sarcasm)

There's plenty of waste in the government but the notion that defense can't be touched is idiotic. 

The ironic thing is that if the automatic cuts go into place, payroll tax cuts expire, and the Bush tax cuts expire, much of the deficit will be solved. I'm just frustrated that that outcome might be the best case scenario.

Travis Hoium

TMFFlushDraw 

2 Comments – Post Your Own

#1) On November 21, 2011 at 12:52 PM, SkepticalOx (99.42) wrote:

The ironic thing is that if the automatic cuts go into place, payroll tax cuts expire, and the Bush tax cuts expire, much of the deficit will be solved. I'm just frustrated that that outcome might be the best case scenario.

From Washington Post:

“Here is a surefire way to cut $7.1 trillion from the deficit over the next decade. Do nothing.

That’s right. If Congress simply fails to act between now and Jan. 1, 2013, the tax cuts passed under President George W. Bush expire, $1.2 trillion in additional budget cuts go through under the terms of last summer’s debt-ceiling deal, and a variety of other tax cuts also go away.”" 

http://www.washingtonpost.com/opinions/how-we-can-succeed-through-supercommittees-failure/2011/11/16/gIQA7hLXSN_story.html

LOL 

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#2) On November 21, 2011 at 2:40 PM, edwjm (99.87) wrote:

Whoever designed that supercommitte wasn't completely stupid!

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