Gentlemen, gentlemen, gentlemen...let us all calm down here. A few things need to be made clear
1.)How the U.S. Govt. does its budgeting: It's baseline budgeting, thus you take last years budget and go from there. It grows automatically based on "need", CBO "projections" of GDP, revenue etc, or the simple reason that departments get an ever bigger budget every year. If that money isn't spent they lose it.
---So, with this in mind, you have to realize that all of these "cuts" that D.C. is throwing around aren't "cuts" at all, they are simply reductions in future spending. So 4 trillion over 10 years is really nothing over those 10 years as the budget grows automatically and there is 300+ billion paid debt interest per year as well. That is where they getting their "cuts" to the budget, when in fact nothing is being cut as they are just saying that instead of spending 12 trillion over the next 10 years we will only spend 8. Take into account the tax revenue and growing interest payments, plus how the CBO is always wrong on S.S./Medicare/Medicaid outlays and you see where this is all a fucking joke.
---Rush had a great analogy the other day, it's like a super fat 1000lb person saying they are going to change their ways so they don't die by only gaining 900lbs in the next 10 years instead of 1000lbs. And he trumpets to the heavens that he has cut deeply into his caloric intake!
---So, when any class-warfare, fearmongering dumbass on MSNBC says the GOP wants to cut some stupid program or whatever by "insert false number here" they are saying that knowing that the programs will still grow and get more and more money....just not as much.
---The budget is around 3.5 trillion right now, so it doesn't mean that it will stay at 3.5 trillion over the next ten years and they will cut from that total over that specific period of time. Ex: 3.5T x 10yr = 35 trillion dollars so logically you would (the stupid public) thinks or is told to think that these "cuts" are coming from the 35trillion. That isn't true, not even close.
It's more like this - Ex:
-2011 3.5T
-2012 3.65T
-2013 3.75T
-2014 3.95
-2015 4.05....................
.Do you get the point now? That's organic growth, the numbers are close, too.
From the CBO
--
"Under the President’s budget, debt held by the public
would grow from $10.4 trillion (69 percent of GDP)
at the end of 2011 to $20.8 trillion (87 percent of
GDP) at the end of 2021, about $2.8 trillion more
than the amount under CBO’s baseline projections.
Outlays for net interest would nearly quadruple
between 2012 and 2021 in nominal dollars (without
an adjustment for inflation); they would swell from
1.7 percent of GDP in 2012 to 3.9 percent in 2021"--
And the total atom bomb.
Actual 2012- 2012-
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2016 -2021
Revenues 2,163 2,230 2,558 3,087 3,440 3,642 3,826 4,071 4,271 4,483 4,703 4,951 16,554 -39,032
Outlays 3,456 3,629 3,639 3,779 3,954 4,180 4,460 4,661 4,856 5,148 5,412
5,680 20,012 -45,770
______ ______ ______ ____ ____ ____ ____ ____ ____ ____ ____ ____ ______ ______
Total Deficit -1,294 -1,399 -1,081 -692 -513 -538 -635 -590 -585 -665 -710 -729 -3,459 -6,737Revenues 2,163 2,229 2,544 2,899 3,212 3,442 3,635 3,818 3,994 4,179 4,382 4,597 15,732 36,702
Outlays 3,456 3,655 3,708 3,800 3,976 4,191 4,476 4,687 4,896 5,200 5,483 5,756 20,150 46,172
______ ______ ______ ____ ____ ____ ____ ____ ____ ______ ______ _____ ______ ______
-1,294 -1,425 -1,164 -901 -764 -748 -841 -870 -902 -1,021 -1,101 -1,158 -4,418 -9,470
http://www.cbo.gov/ftpdocs/121xx/doc12130/04-15-AnalysisPresidentsBudget.pdf
