Cato : "New" Budget Deal - Pure BS -

Discussion in 'Politics' started by Contumacious, Aug 1, 2011.

  1. Contumacious
    Offline

    Contumacious Radical Freedom

    Joined:
    Aug 16, 2009
    Messages:
    17,072
    Thanks Received:
    1,469
    Trophy Points:
    205
    Location:
    Adjuntas, PR , USA
    Ratings:
    +3,851
    Budget Deal Doesn’t Cut Spending

    Posted by Chris Edwards

    Republicans and Democrats have come together on a “historic” budget deal that cuts federal spending by more than $2 trillion over 10 years. The Washington Post’s lead story calls the cuts “sharp” and “severe.”

    However, the budget deal doesn’t cut federal spending at all.

    Budget Deal Doesn’t Cut Spending | Cato @ Liberty

    .
     
  2. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    All I can say is....



    Well, DUUUUUUH!
     
  3. Contumacious
    Offline

    Contumacious Radical Freedom

    Joined:
    Aug 16, 2009
    Messages:
    17,072
    Thanks Received:
    1,469
    Trophy Points:
    205
    Location:
    Adjuntas, PR , USA
    Ratings:
    +3,851

    House Speaker John Boehner’s bullet points on the deal say that it cuts discretionary spending by $917 billion over 10 years, as “certified by CBO.” These discretionary “cuts” appear to be the same as those in Boehner’s plan from last week. The chart shows CBO’s scoring of those spending cuts .
    [​IMG]

    Wait a minute, those bars are rising! Spending isn’t being cut at all. The “cuts” in the deal are only cuts from the CBO “baseline,” which is a Washington construct of ever-rising spending. And even these “cuts” from the baseline include $156 billion of interest savings, which are imaginary because the underlying cuts are imaginary.

    .
     
  4. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Yeah...Just as I figured.

    GOP = Surrender monkeys.
     
  5. cawacko
    Offline

    cawacko VIP Member

    Joined:
    Dec 14, 2009
    Messages:
    188
    Thanks Received:
    18
    Trophy Points:
    66
    Ratings:
    +29
    Only in D.C. does slowing the rate of growth equal a cut.
     
  6. hellofromwarsaw
    Offline

    hellofromwarsaw BANNED

    Joined:
    Jul 14, 2010
    Messages:
    1,617
    Thanks Received:
    112
    Trophy Points:
    0
    Location:
    NY 26th finally Dem!
    Ratings:
    +112
    Way to hold up the recovery for a month, AGAIN- morons...
     
  7. Contumacious
    Offline

    Contumacious Radical Freedom

    Joined:
    Aug 16, 2009
    Messages:
    17,072
    Thanks Received:
    1,469
    Trophy Points:
    205
    Location:
    Adjuntas, PR , USA
    Ratings:
    +3,851
    Yes, indeed.

    The parasites vote early and often ; politicians have not testicular fortitude.

    .
     
  8. Contumacious
    Offline

    Contumacious Radical Freedom

    Joined:
    Aug 16, 2009
    Messages:
    17,072
    Thanks Received:
    1,469
    Trophy Points:
    205
    Location:
    Adjuntas, PR , USA
    Ratings:
    +3,851
    It's right there in the Constituion:

    US Constitution

    Section 2, Article 1

    If you can't dazzle them with brilliance; baffle them with bullshit"

    .
     
  9. Contumacious
    Offline

    Contumacious Radical Freedom

    Joined:
    Aug 16, 2009
    Messages:
    17,072
    Thanks Received:
    1,469
    Trophy Points:
    205
    Location:
    Adjuntas, PR , USA
    Ratings:
    +3,851
    "No program or agency terminations are identified in the deal. None of the vast armada of federal subsidies are targeted for elimination. Old folks will continue to gorge themselves on inflated benefits paid for by young families and future generations. None of Senator Tom Coburn’s or Senator Rand Paul’s specific cuts were included."

    .
     
  10. shintao
    Offline

    shintao Take Down ~ Tap Out

    Joined:
    Aug 27, 2010
    Messages:
    7,231
    Thanks Received:
    320
    Trophy Points:
    83
    Ratings:
    +339
    "Old folks will continue to gorge themselves on inflated benefits paid for by young families and future generations. " LOL!

    The average SS check is $450. a month!! Boy they are really living it up. LOL!!:lol:
     

Share This Page