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House Speaker John Boehner is scrambling to revise his budget plan after the CBO found that it would only cut spending by $850 billion, not the $1.2 trillion promised.
However, the Boehner plan doesn’t actually cut spending at all. The chart shows the discretionary spending caps in the Boehner plan. Spending increases every year—from $1.043 trillion in 2012 to $1,234 trillion in 2021. (This category of spending excludes the costs of wars in Iraq and Afghanistan).
The “cuts” in the Boehner plan are only cuts from the CBO baseline, which is an imaginary path of future spending designed as a planning tool for Congress. Boehner can propose to spend any amount in any future year he wants, and in this plan he choose to have a steadily rising spending path.
The Boehner plan also doesn’t cut spending in a more fundamental way. It doesn’t lay out any particular programs or agencies to terminate. I’m in favor of spending caps as a secondary enforcement mechanism, but actual cuts have to come first. A caps-only plan like Boehner’s just kicks the can down the road. At best, it simply nudges future legislators to actually cut something specific.
are you complaining?
are you complaining?
Complaining about what?
Personally, I find it both amusing and sad at the same time. At one end of the GOP, you have people like Boehner who despite all the talk, clearly have no intention of making any sort of meaningful cuts whatsoever. At the other end, you have the Tea Party folk who don't want tax increases whatsoever (ideological not economical) and many who think that it'd be a swell idea to not raise the debt ceiling as to prove a point.
And the only people the GOP have to blame for this situation is themselves. They manufactured this crisis, they tried to weasel their way out of it with the Mitch McConnell plan and now all that talk was simply that, talk.
What's sad is all these political games on their end has the strong possibility of driving the economy off the cliff. While Wall Street and even Paul Ryan says we need to raise the debt ceiling.
The Boehner plan also doesnt cut spending in a more fundamental way. It doesnt lay out any particular programs or agencies to terminate. Im in favor of spending caps as a secondary enforcement mechanism, but actual cuts have to come first. A caps-only plan like Boehners just kicks the can down the road. At best, it simply nudges future legislators to actually cut something specific.
Boehner Plan Doesnt Cut Spending | Cato @ Liberty
House Speaker John Boehner is scrambling to revise his budget plan after the CBO found that it would only cut spending by $850 billion, not the $1.2 trillion promised.
However, the Boehner plan doesnt actually cut spending at all. The chart shows the discretionary spending caps in the Boehner plan. Spending increases every yearfrom $1.043 trillion in 2012 to $1,234 trillion in 2021. (This category of spending excludes the costs of wars in Iraq and Afghanistan).
The cuts in the Boehner plan are only cuts from the CBO baseline, which is an imaginary path of future spending designed as a planning tool for Congress. Boehner can propose to spend any amount in any future year he wants, and in this plan he choose to have a steadily rising spending path.
The Boehner plan also doesnt cut spending in a more fundamental way. It doesnt lay out any particular programs or agencies to terminate. Im in favor of spending caps as a secondary enforcement mechanism, but actual cuts have to come first. A caps-only plan like Boehners just kicks the can down the road. At best, it simply nudges future legislators to actually cut something specific.
Chart after the jump.
[ame=http://www.youtube.com/watch?v=ZnHmskwqCCQ]‪-Yakety Sax- Music‬‏ - YouTube[/ame]
are you complaining?
Complaining about what?
Personally, I find it both amusing and sad at the same time. At one end of the GOP, you have people like Boehner who despite all the talk, clearly have no intention of making any sort of meaningful cuts whatsoever. At the other end, you have the Tea Party folk who don't want tax increases whatsoever (ideological not economical) and many who think that it'd be a swell idea to not raise the debt ceiling as to prove a point.
And the only people the GOP have to blame for this situation is themselves. They manufactured this crisis, they tried to weasel their way out of it with the Mitch McConnell plan and now all that talk was simply that, talk.
What's sad is all these political games on their end has the strong possibility of driving the economy off the cliff. While Wall Street and even Paul Ryan says we need to raise the debt ceiling.
Yeah, those GOP obstructionists are blocking those well written Dem Budgets, I particularly like the Senate one, and the WH one. The GOP can take them to conference and hammer out a compromise.
I'm sure they'll take BO up on his entitlement reform offer. Reid is just so helpful. The polls are getting nasty to BOTH parties. 2012 should be a real crapshoot.
Boehner Plan Doesnt Cut Spending | Cato @ Liberty
House Speaker John Boehner is scrambling to revise his budget plan after the CBO found that it would only cut spending by $850 billion, not the $1.2 trillion promised.
However, the Boehner plan doesnt actually cut spending at all. The chart shows the discretionary spending caps in the Boehner plan. Spending increases every yearfrom $1.043 trillion in 2012 to $1,234 trillion in 2021. (This category of spending excludes the costs of wars in Iraq and Afghanistan).
The cuts in the Boehner plan are only cuts from the CBO baseline, which is an imaginary path of future spending designed as a planning tool for Congress. Boehner can propose to spend any amount in any future year he wants, and in this plan he choose to have a steadily rising spending path.
The Boehner plan also doesnt cut spending in a more fundamental way. It doesnt lay out any particular programs or agencies to terminate. Im in favor of spending caps as a secondary enforcement mechanism, but actual cuts have to come first. A caps-only plan like Boehners just kicks the can down the road. At best, it simply nudges future legislators to actually cut something specific.
Chart after the jump.
[ame=http://www.youtube.com/watch?v=ZnHmskwqCCQ]‪-Yakety Sax- Music‬‏ - YouTube[/ame]
Jobs jobs jobs.....still waiting.
Jobs jobs jobs.....still waiting.
Yeah, those GOP obstructionists are blocking those well written Dem Budgets, I particularly like the Senate one, and the WH one. The GOP can take them to conference and hammer out a compromise.
I'm sure they'll take BO up on his entitlement reform offer. Reid is just so helpful. The polls are getting nasty to BOTH parties. 2012 should be a real crapshoot.
The problem for the GOP is enough don't want to raise taxes whatsoever or even close tax loopholes. They don't want to get rid of subsidies. They don't want to cut defense.
All that leaves left is Education, NASA, and entitlement programs which if they want massive cuts is going to leave them politically unpopular. Something enough of them are unwilling to do it seems. They can also only cut the smaller programs so much until there's nothing left.
I've seen the President and even Harry Reid of all people say they're willing to compromise on stuff like Medicare. I've seen nothing that the GOP is willing to compromise on. I've been asking for over a month now but nobody can ever tell me one thing.
Jobs jobs jobs.....still waiting.
