In case you are wondering just exactly what Congress and the White House have done with this debt deal, here is the CBO graphic to tell you what our future looks like. From American Thinker
This is your federal budget.
Source: Congressional Budget Office, March 2011 baseline. Vertical axis is billions of dollars.
This is your federal budget on "cuts."
Source: CBO March 2011 baseline, with 2% cut in each year after 2011.
In case you find it difficult to see the difference, here are both budgets, cut and un-cut, on one chart.
Total spending, 2012-21, in baseline: $45.769 trillion.
Total spending, 2012-21, with "cuts": $44.854 trillion.
Spending increase, 2011 to 2021, in baseline: 56.5% (4.6% per year, average).
Spending increase, 2011 to 2021, with "cuts": 53.4% (4.4% per year, average).
Bonus information just in case you think the socialist machine took a hit in the debt deal:
DOE Awards $75 Million for Next Generation Wind Turbines
U.S. Energy Secretary Steven Chu announced today that six wind energy projects have been selected to receive nearly $7.5 million over two years.
Click here for complete article...
"The HUD Secretary just announced on July 28, 2011 the availability of $95 million to support “sustainable local initiatives” through the fiscal year 2011 Regional Planning and Community Challenge Planning Grant Programs. It seems like a good idea except that it is dedicated to “sustainable communities,” another pet word of United Nations Agenda 21. It is a good idea if you want to live in housing tenements with no cars while the streets will be replaced by trains.Must read article at Canada Free Press
Here is an ugly "What If" for you to ponder.
ReplyDeleteWhat if Obama somehow wins in 2012 and in 2013 the Bush tax cuts expire as the Obamacare tax increases kick-in. It will be THE END.
I wonder how many House Republicans actually feel they did some good this week? The House controls the purse strings and the House is controlled by Republicans and they just abdicated their authority to a committee that has six Democrats and six Senators. Go figure!
Watching this debt ceiling fiasco this past few weeks, and then the grand finale today, pretty much clinched it for me that there is little hope to turn the ship around. Strings are being pulled by actors outside of the purview of American citizens. I have to say that there are a few who have made it to congress who are really trying very hard to fix things...Bachmann, Paul, Demint, to name three. But today just put so many nails in the coffin that I do not see how to pull us out. Should Obama get relected with his fraud machine in place, as we know it will be, then we are definitely done. Soros and Obama + Co. have succeeded beyond my wildest nightmares.
ReplyDeleteOn that silly committee of six to decide our fate on the cuts...it will be the progressives who will cut defense first. Iraq is descending into hell. The middle east is blowing up. China is building aircraft carriers.
Sorry Jim...I have no hope at this point.