Check Out What Really Happened

Ron Paul Exposes The Deficit “Plan” Lies: “Cuts Are Illusory, Not From Current Amounts Spent But From Projected Spending Increases”

 

 

Ron Paul slams it right out of the ballpark.

When a Cut is Not a Cut


One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth.  In spite of the rhetoric being thrown around, the real debate is over how much government spending will increase. 

 

No plan under serious consideration cuts spending in the way you and I think about it.  Instead, the “cuts” being discussed are illusory, and are not cuts from current amounts being spent, but cuts in projected spending increases.  This is akin to a family “saving” $100,000 in expenses by deciding not to buy a Lamborghini, and instead getting a fully loaded Mercedes, when really their budget dictates that they need to stick with their perfectly serviceable Honda.  But this is the type of math Washington uses to mask the incriminating truth about their unrepentant plundering of the American people.

 

The truth is that frightening rhetoric about default and full faith and credit of the United States is being carelessly thrown around to ram through a bigger budget than ever, in spite of stagnant revenues.  If your family's income did not change year over year, would it be wise financial management to accelerate spending so you would feel richer?  That is what our government is doing, with one side merely suggesting a different list of purchases than the other.

 

In reality, bringing our fiscal house into order is not that complicated or excruciatingly painful at all.  If we simply kept spending at current levels, by their definition of “cuts” that would save nearly $400 billion in the next few years, versus the $25 billion the Budget Control Act claims to “cut”.  It would only take us 5 years to “cut” $1 trillion, in Washington math, just by holding the line on spending.  That is hardly austere or catastrophic.


A balanced budget is similarly simple and within reach if Washington had just a tiny amount of fiscal common sense.  Our revenues currently stand at approximately $2.2 trillion a year and are likely to remain stagnant as the recession continues.  Our outlays are $3.7 trillion and projected to grow every year.  Yet we only have to go back to 2004 for federal outlays of $2.2 trillion, and the government was far from small that year.  If we simply returned to that year's spending levels, which would hardly be austere, we would have a balanced budget right now.  If we held the line on spending, and the economy actually did grow as estimated, the budget would balance on its own by 2015 with no cuts whatsoever.

 

We pay 35 percent more for our military today than we did 10 years ago, for the exact same capabilities.  The same could be said for the rest of the government.  Why has our budget doubled in 10 years?  This country doesn't have double the population, or double the land area, or double anything that would require the federal government to grow by such an obscene amount.  

 

In Washington terms, a simple freeze in spending would be a much bigger “cut” than any plan being discussed.  If politicians simply cannot bear to implement actual cuts to actual spending, just freezing the budget would give the economy the best chance to catch its breath, recover and grow.

http://www.zerohedge.com/news/ron-paul-exposes-deficit-plan-lies-cu...

http://earthquake.usgs.gov/earthquakes/recenteqsww/Maps/region/Asia...

Views: 100

 

 

Latest Activity

Sweettina2 posted a blog post

The Cost of Welfare Use By Immigrant and Native Households

In September 2015, the Center for Immigration Studies published a landmark study…See More
23 minutes ago
Profile IconChris of the family Masters and Richard Rhodes joined CBCS's group
Thumbnail

"Great Quotes"

Everyday I will add another Great Quote from a famous person in history or the present. If you know of any please post them...
1 hour ago
Sweettina2 posted a video

Federal Judge Releases Benghazi Evidence – Hillary Goes Into Complete Panic

It appears that it’s time for Hillary Clinton to “come to heel.” That massive closet full of skeletons she’s thought was locked up has been swung wide open a...
3 hours ago
Richard Rhodes replied to CBCS's discussion Quotes from Orwell's 1984 in the group "Great Quotes"
"Good post. Thank you for the reminder."
5 hours ago
Boris Badenov favorited CBCS's discussion Quotes from Orwell's 1984
5 hours ago
Diana commented on Boris Badenov's page Nancy Pelosi shouted out of a restaurant - by Cuban Americans in Miami
"Photo from protest   lol"
5 hours ago
Sweettina2 commented on Boris Badenov's photo
5 hours ago
Diana left a comment for Wazzas
6 hours ago
Nazda Pokmov commented on Boris Badenov's photo
Thumbnail

Lioness kills father of her cubs at Indianapolis Zoo

"Females are not to be reckoned with.  Maybe he tried to hurt one of her kids and just snapped.......!!!"
7 hours ago
Profile Icon via Twitter
RT @MEAN_MARINE: Russian national charged with conspiracy to meddle in midterms https://t.co/cWnczuUGPI
Twitter7 hours ago · Reply · Retweet
Profile Icon via Twitter
RT @MEAN_MARINE: Giant inflatable colon stolen in Kansas https://t.co/ET7vAlc3OG
Twitter7 hours ago · Reply · Retweet
Chris of the family Masters commented on Boris Badenov's photo
Thumbnail

Lioness kills father of her cubs at Indianapolis Zoo

"Little domestic in lion family went nasty...."
7 hours ago
Chris of the family Masters commented on Boris Badenov's photo
Thumbnail

Lioness kills father of her cubs at Indianapolis Zoo

"'Link not available at this location'. According to my VPN I'm in Iceland....."
7 hours ago
Wazzas is now a member of 12160 Social Network
8 hours ago
Boris Badenov posted photos
8 hours ago
Profile Icon via Twitter
Street Artist Sabo Trolled Mad Max In W Hollywood https://t.co/tPp65ZBiMb
Twitter8 hours ago · Reply · Retweet
Profile Icon via Twitter
Quotes from Orwell's 1984 https://t.co/7DsKCMyLfq
Twitter8 hours ago · Reply · Retweet
Boris Badenov commented on Chris of the family Masters's status
""Great Quotes" - 12160 Social Network 12160.info/group/greatquotes"
8 hours ago
Chris of the family Masters favorited Diana's photo
8 hours ago
Diana posted photos
8 hours ago

Please remember this website is supported by your donations...

© 2018   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2015 - all rights reserved. unless otherwise noted