If the Fed Budget was managed like household's what programs would be cut?

[Marion Morrison]

Secrets of the Federal Budget Revealed
Trying to simplify the US Budget process, 2019 revenue is about $3.4T, plus the borrowing of about $985b to cover the $4.4T 2018 Budget. That is at least $900b too high. So looking at the Budget items from the article:

Mandatory spending $2.74T
Social Security $1,050b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893b

Busting 5 Myths About Government Discretionary Spending
Department Budget Emergency Total Discretionary
Dept of Defense $597.1 $88.9 $686.0
HHS $69.5 $0.5 $70.0
Education $59.9 $59.9
VA $83.1 $83.1
Homeland Security $46.0 $6.7 $52.7
Energy Dept $29.2 $29.2
NNSA $15.1 $15.1
HUD $29.2 $29.2
State Dept $28.3 $12.0 $40.3
NASA $19. $19.9
All Other Agencies$129.8 $3.3 $133.1
TOTAL $1,303b

If you stare at the numbers for a few minutes it becomes apparent that to cut spending by more than $900b it needs to come from Entitlements.
SS can't be cut, those benefits were promised. However, the retirement age can be raised and a few tweaks can be made to keep it solvent.
Medicare can't be cut, those benefits were promised, however some savings can be realized to keep it solvent.
Medicaid can be cut, those benefits were not earned.
Welfare can be cut, those benefits were not earned.

If the deficit is covered 1/2 by cuts and 1/2 by revenue
Revenue needs to increase by $500b. (all tax rates need to increase 10%)
Defense needs to be cut by at least 10%, say $100b to $793b
Cuts of $400b need to come out of welfare ($250b) + ($150b) medicaid, with some savings from SS & Medicare if possible.

Who supports getting back to a Balanced Budget? It is not that difficult

50% tax increase?

Raise Congress's taxes that much.

 

[jc456]

all of them

 

[kyzr]

Refundable Tax Credits | Congressional Budget Office


Earned Income Tax Credit: Small Benefits, Large Costs

Cato puts the numbers at 60 Billion in payments a year......to those who pay no taxes but a get a check......In regards to tax credits under the current system totals the amount is about 160 billion a year..........

Eliminate that and you get a cut of 160 billion a year.............just an example.

That's exactly the type of tax reform we need. That $160b a year could fund the cut to welfare or Medicaid. If we can find a $trillion of those cuts the Budget is balanced without any major partisan issues.

 

[eagle1462010]

Okay.........I could keep going.............but I just showed you a way to cut 266 billion a year.

Wastebook........maintaining old federal facilities............that are no longer used........duplicate gov't agencies doing the same thing......illegals on the dole.........

Gov't contracts designed to screw us ........rewarded for screwing up military contracts and they make more money...........

Paying twice as much for materials because it's military..........and others...........No need to go into detail.........they aren't gonna do a dang thing about it.

 

[LoneLaugher]

Secrets of the Federal Budget Revealed
Trying to simplify the US Budget process, 2019 revenue is about $3.4T, plus the borrowing of about $985b to cover the $4.4T 2018 Budget. That is at least $900b too high. So looking at the Budget items from the article:

Mandatory spending $2.74T
Social Security $1,050b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893b

Busting 5 Myths About Government Discretionary Spending
Department Budget Emergency Total Discretionary
Dept of Defense $597.1 $88.9 $686.0
HHS $69.5 $0.5 $70.0
Education $59.9 $59.9
VA $83.1 $83.1
Homeland Security $46.0 $6.7 $52.7
Energy Dept $29.2 $29.2
NNSA $15.1 $15.1
HUD $29.2 $29.2
State Dept $28.3 $12.0 $40.3
NASA $19. $19.9
All Other Agencies$129.8 $3.3 $133.1
TOTAL $1,303b

If you stare at the numbers for a few minutes it becomes apparent that to cut spending by more than $900b it needs to come from Entitlements.
SS can't be cut, those benefits were promised. However, the retirement age can be raised and a few tweaks can be made to keep it solvent.
Medicare can't be cut, those benefits were promised, however some savings can be realized to keep it solvent.
Medicaid can be cut, those benefits were not earned.
Welfare can be cut, those benefits were not earned.

If the deficit is covered 1/2 by cuts and 1/2 by revenue
Revenue needs to increase by $500b. (all tax rates need to increase 10%)
Defense needs to be cut by at least 10%, say $100b to $793b
Cuts of $400b need to come out of welfare ($250b) + ($150b) medicaid, with some savings from SS & Medicare if possible.

Who supports getting back to a Balanced Budget? It is not that difficult

You’re fun!

 

[kyzr]

Secrets of the Federal Budget Revealed
Trying to simplify the US Budget process, 2019 revenue is about $3.4T, plus the borrowing of about $985b to cover the $4.4T 2018 Budget. That is at least $900b too high. So looking at the Budget items from the article:

Mandatory spending $2.74T
Social Security $1,050b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893b

Busting 5 Myths About Government Discretionary Spending
Department Budget Emergency Total Discretionary
Dept of Defense $597.1 $88.9 $686.0
HHS $69.5 $0.5 $70.0
Education $59.9 $59.9
VA $83.1 $83.1
Homeland Security $46.0 $6.7 $52.7
Energy Dept $29.2 $29.2
NNSA $15.1 $15.1
HUD $29.2 $29.2
State Dept $28.3 $12.0 $40.3
NASA $19. $19.9
All Other Agencies$129.8 $3.3 $133.1
TOTAL $1,303b

If you stare at the numbers for a few minutes it becomes apparent that to cut spending by more than $900b it needs to come from Entitlements.
SS can't be cut, those benefits were promised. However, the retirement age can be raised and a few tweaks can be made to keep it solvent.
Medicare can't be cut, those benefits were promised, however some savings can be realized to keep it solvent.
Medicaid can be cut, those benefits were not earned.
Welfare can be cut, those benefits were not earned.

If the deficit is covered 1/2 by cuts and 1/2 by revenue
Revenue needs to increase by $500b. (all tax rates need to increase 10%)
Defense needs to be cut by at least 10%, say $100b to $793b
Cuts of $400b need to come out of welfare ($250b) + ($150b) medicaid, with some savings from SS & Medicare if possible.

Who supports getting back to a Balanced Budget? It is not that difficult

50% tax increase?

Raise Congress's taxes that much.

Not a 50% tax increase, a 7% tax increase over the 2016 rates. That said 50% new revenue from a tax increase ($500b) and 50% spending cuts, mostly from Welfare and Medicaid and defense, another $500b. That balances the Budget. Offsets can be made for cutting "subsidies" and/or the Earned Income Tax Credit, as examples.

 

[kyzr]

Okay.........I could keep going.............but I just showed you a way to cut 266 billion a year.

Wastebook........maintaining old federal facilities............that are no longer used........duplicate gov't agencies doing the same thing......illegals on the dole.........

Gov't contracts designed to screw us ........rewarded for screwing up military contracts and they make more money...........

Paying twice as much for materials because it's military..........and others...........No need to go into detail.........they aren't gonna do a dang thing about it.

You sound like the old "Grace Commission" that was supposed to streamline the government and eliminate waste. I have no clue why they don't get a competent firm to list all of those "low hanging fruit" savings that can help balance the Budget.

 

[eagle1462010]

Okay.........I could keep going.............but I just showed you a way to cut 266 billion a year.

Wastebook........maintaining old federal facilities............that are no longer used........duplicate gov't agencies doing the same thing......illegals on the dole.........

Gov't contracts designed to screw us ........rewarded for screwing up military contracts and they make more money...........

Paying twice as much for materials because it's military..........and others...........No need to go into detail.........they aren't gonna do a dang thing about it.

You sound like the old "Grace Commission" that was supposed to streamline the government and eliminate waste. I have no clue why they don't get a competent firm to list all of those "low hanging fruit" savings that can help balance the Budget.

Low hanging fruit goes to their buddies..........their lobbies..........they will not cut them.........they are for lining their pockets and joining the millionaires club........

They will not do it........and the unfunded liabilities coming make it impossible...........Under the current leadership .......both sides........nothing will change......Nothing.

 

[eagle1462010]

2018 Congressional Pig Book

Oink oink.....

https://www.flake.senate.gov/public...1cc-f88515002d0d/wastebook-2016-final-pdf.pdf

Here piggy piggy

 

[eagle1462010]

Earmarks should be perma banned.......

 

[jc456]

Policy Report: Running Out of Other People’s Money

That gap is the “unfunded liability” or “implicit debt” for those programs.

Implicit debt, of course, represents the “softest” form of debt, in that there is no legal requirement to pay all the promised benefits. But “soft” does not mean debt that can be completely dismissed. Those benefit payments are called for under current law, and it would take congressional action to change them. Unless and until Congress does so, those obligations exist. That is why, for private companies, future promises to pay benefits are generally categorized as debt according to Generally Accepted Accounting Principles (GAAP) and other accounting authorities. If the government was required to report its debt in the same way public companies do, those promises would show up as debt.

Social Security’s future unfunded obligations now run to more than $24.9 trillion. Medicare’s unfunded liabilities are more difficult to nail down, in part because of the uncertainty brought about by the new health care reform law. In 2009, Medicare’s trustees estimated that the program’s unfunded liabilities were $88.9 trillion. Since then, health care inflation has been running at a slower rate. Economists debate the reason for this decline and whether it will continue, but it has resulted in a reduction of Medicare’s unfunded liabilities to just (!) $47.6 trillion. Thus, the real combined federal debt (debt held by public + intragovernmental debt + implicit debt) actually totals at least $90.5 trillion. That’s real money—even in Washington— roughly $282,000 for every man, woman, and child in America. Students graduating from college today worry about their college debt…. That’s nothing compared with what they owe as a share of the country’s debt.

Moreover, these projections assume that interest rates on government debt remain somewhere near current levels, which is about 2 percent. The CBO points out that, even at this low rate, interest on the debt is becoming an ever larger portion of federal spending. This year, the federal government will pay $229 billion in interest charges. By 2024, with just a modest expected increase in interest rates, that will rise to more than $808 billion. Not long afterward, we will be paying a trillion dollars every year just for interest on the debt. By 2035, in fact, interest on the debt will be tied with Medicare as the second-largest line item in the federal budget, trailing only Social Security.

And interest rates may not stay this low. It is estimated that every 1 percent increase in interest rates adds as much as $1 trillion in additional interest payments over the next decade. Over the past two decades the average rate of interest on government debt has been roughly 5.7 percent. Therefore, if interest rates were to return to anything close to traditional levels, it would add trillions to our future obligations.

SS is supposed to be able to pay 79% of promised benefits even if they let it go insolvent.
Social Security must reduce benefits in 2034 if reforms aren't made - CNNPolitics

Medicare's unfunded liabilities can be addressed by increasing the 20% hole to a higher percentage.

I still want the government to Balance the Budget so we aren't borrowing to cover the interest on the Debt. Its like using a credit card for everything until it maxes out, then you declare bankruptcy. Except the US can't do that.

my wife is 69 and hasn't taken a dime of her SS. most people wait it out now a days. get more monthly benefits waiting. She can also work full time at that age. This is how they fked those turning 62 back ten years ago. they fked me because they said I had to wait until I was 66 and 4 months. all they will do is move it out further. at that rate, what difference does it make to just start a different program and let SS die off with those already invested.

 

[eagle1462010]

780 k to find out if pizza is addictive........lol

 

[eagle1462010]

2408 Government Grants ............apply today.........take a look........

Enjoy
Search Grants | GRANTS.GOV

 

[eagle1462010]

Farm Labor Housing Direct Loans & Grants | USDA Rural Development

Did you know that Farmers........mainly the big boys can build housing complexes, man camps, and apartment complexes..........and they can get grants for 90% of the cost of construction under the Agro Grants program..............

FY2018 Appropriated Funding | USDA Rural Development

there is a list there of grants and funding for 2018

 

[g5000]

Secrets of the Federal Budget Revealed
Trying to simplify the US Budget process, 2019 revenue is about $3.4T, plus the borrowing of about $985b to cover the $4.4T 2018 Budget. That is at least $900b too high. So looking at the Budget items from the article:

Mandatory spending $2.74T
Social Security $1,050b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893b

Busting 5 Myths About Government Discretionary Spending
Department Budget Emergency Total Discretionary
Dept of Defense $597.1 $88.9 $686.0
HHS $69.5 $0.5 $70.0
Education $59.9 $59.9
VA $83.1 $83.1
Homeland Security $46.0 $6.7 $52.7
Energy Dept $29.2 $29.2
NNSA $15.1 $15.1
HUD $29.2 $29.2
State Dept $28.3 $12.0 $40.3
NASA $19. $19.9
All Other Agencies$129.8 $3.3 $133.1
TOTAL $1,303b

If you stare at the numbers for a few minutes it becomes apparent that to cut spending by more than $900b it needs to come from Entitlements.
SS can't be cut, those benefits were promised. However, the retirement age can be raised and a few tweaks can be made to keep it solvent.
Medicare can't be cut, those benefits were promised, however some savings can be realized to keep it solvent.
Medicaid can be cut, those benefits were not earned.
Welfare can be cut, those benefits were not earned.

If the deficit is covered 1/2 by cuts and 1/2 by revenue
Revenue needs to increase by $500b. (all tax rates need to increase 10%)
Defense needs to be cut by at least 10%, say $100b to $793b
Cuts of $400b need to come out of welfare ($250b) + ($150b) medicaid, with some savings from SS & Medicare if possible.

Who supports getting back to a Balanced Budget? It is not that difficult

You ever notice none of these lists of government spending ever include the $1.4 trillion spent on tax expenditures?

Hmmmm...

 

[g5000]

Eliminate the $1.4 trillion in tax expenditures.

Raise the eligibility age for Social Security and Medicare to 70, and permanently index the age to 9 percent of the population.


TA-DAAAAAA!

I not only just balanced the budget for the next 200 years, I have provided a means by which the existing debt can be paid off, tax rates can be lowered for EVERYONE, and serendipitously provided campaign finance reform at the same time.

Oh. And your tax return is the size of a postcard. Buh-bye H&R Block. See ya, Turbo Tax!

 

[LoneLaugher]

Secrets of the Federal Budget Revealed
Trying to simplify the US Budget process, 2019 revenue is about $3.4T, plus the borrowing of about $985b to cover the $4.4T 2018 Budget. That is at least $900b too high. So looking at the Budget items from the article:

Mandatory spending $2.74T
Social Security $1,050b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893b

Busting 5 Myths About Government Discretionary Spending
Department Budget Emergency Total Discretionary
Dept of Defense $597.1 $88.9 $686.0
HHS $69.5 $0.5 $70.0
Education $59.9 $59.9
VA $83.1 $83.1
Homeland Security $46.0 $6.7 $52.7
Energy Dept $29.2 $29.2
NNSA $15.1 $15.1
HUD $29.2 $29.2
State Dept $28.3 $12.0 $40.3
NASA $19. $19.9
All Other Agencies$129.8 $3.3 $133.1
TOTAL $1,303b

If you stare at the numbers for a few minutes it becomes apparent that to cut spending by more than $900b it needs to come from Entitlements.
SS can't be cut, those benefits were promised. However, the retirement age can be raised and a few tweaks can be made to keep it solvent.
Medicare can't be cut, those benefits were promised, however some savings can be realized to keep it solvent.
Medicaid can be cut, those benefits were not earned.
Welfare can be cut, those benefits were not earned.

If the deficit is covered 1/2 by cuts and 1/2 by revenue
Revenue needs to increase by $500b. (all tax rates need to increase 10%)
Defense needs to be cut by at least 10%, say $100b to $793b
Cuts of $400b need to come out of welfare ($250b) + ($150b) medicaid, with some savings from SS & Medicare if possible.

Who supports getting back to a Balanced Budget? It is not that difficult

You ever notice none of these lists of government spending ever include the $1.4 trillion spent on tax expenditures?

Hmmmm...

Dude.....getting these freaks to acknowledge that tax expenditures are costs that can be cut is not going to happen.

You know that.

 

[eagle1462010]

After Tax Reform, Tax Expenditures Remain Costly

aka basically it is a tax increase proposal.........some of which I already posted........Tax Credits..............

Would basically get rid of all tax deductions...............

 

[SmokeALib]

Department of agriculture. 150 BILLION a year and they don't grow a damn thing. Give it the axe.

 

[g5000]

Secrets of the Federal Budget Revealed
Trying to simplify the US Budget process, 2019 revenue is about $3.4T, plus the borrowing of about $985b to cover the $4.4T 2018 Budget. That is at least $900b too high. So looking at the Budget items from the article:

Mandatory spending $2.74T
Social Security $1,050b
Medicare $625b
Medicaid $412b
Welfare $462b
Interest on the Debt $363b

Discretionary $1.3T
Defense $893b

Busting 5 Myths About Government Discretionary Spending
Department Budget Emergency Total Discretionary
Dept of Defense $597.1 $88.9 $686.0
HHS $69.5 $0.5 $70.0
Education $59.9 $59.9
VA $83.1 $83.1
Homeland Security $46.0 $6.7 $52.7
Energy Dept $29.2 $29.2
NNSA $15.1 $15.1
HUD $29.2 $29.2
State Dept $28.3 $12.0 $40.3
NASA $19. $19.9
All Other Agencies$129.8 $3.3 $133.1
TOTAL $1,303b

If you stare at the numbers for a few minutes it becomes apparent that to cut spending by more than $900b it needs to come from Entitlements.
SS can't be cut, those benefits were promised. However, the retirement age can be raised and a few tweaks can be made to keep it solvent.
Medicare can't be cut, those benefits were promised, however some savings can be realized to keep it solvent.
Medicaid can be cut, those benefits were not earned.
Welfare can be cut, those benefits were not earned.

If the deficit is covered 1/2 by cuts and 1/2 by revenue
Revenue needs to increase by $500b. (all tax rates need to increase 10%)
Defense needs to be cut by at least 10%, say $100b to $793b
Cuts of $400b need to come out of welfare ($250b) + ($150b) medicaid, with some savings from SS & Medicare if possible.

Who supports getting back to a Balanced Budget? It is not that difficult

You ever notice none of these lists of government spending ever include the $1.4 trillion spent on tax expenditures?

Hmmmm...

Dude.....getting these freaks to acknowledge that tax expenditures costs that can be cut is not going to happen.

You know that.

Just make me Dictator of America for 24 hours.

I'd be finished before lunch, and can spend the rest of the day waterboarding Sean Hannity on pay-per-view.