House Repubs to Pursue 10-Year Balanced Budget

[sappstuf]

Once again, we see which side the serious proposals are coming from.


Speaker John Boehner told House Republicans this afternoon that the GOP’s upcoming budget will balance the federal books in a decade.

Due to the Democrats’ control of the White House and Senate, the possibility of that promise becoming law is remote. But the speaker’s vocal support for the idea reportedly drew cheers within the House Republican conference.

I set the over/under at 1 day before Dems attack the plan for balancing the budget on the poor while giving tax cuts to the rich even though no specifics have been released.

I go under.

[diverdog]

Once again, we see which side the serious proposals are coming from.



I set the over/under at 1 day before Dems attack the plan for balancing the budget on the poor while giving tax cuts to the rich even though no specifics have been released.

I go under.

if it does not include higher taxes and cuts yo the military then it won't be serious.

[okie52]

Once again, we see which side the serious proposals are coming from.



I set the over/under at 1 day before Dems attack the plan for balancing the budget on the poor while giving tax cuts to the rich even though no specifics have been released.

I go under.

I go with the under too.

How long before the "insensitive, uncaring, on the backs of the middle class"? I go with 2 days.

[okie52]

if it does not include higher taxes and cuts yo the military then it won't be serious.

Higher taxes on the middle class..?..hope so so we can have that shared sacrifice. Better have reductions in Medicare/Medicaid and SS benefits or delay their start because they dwarf the military spending by over 2-1.

[sappstuf]

if it does not include higher taxes and cuts yo the military then it won't be serious.

Look at this graph and tell me that the military is our main spending problem...

http://media.hotair.com/wp/wp-content/uploads/2013/01/fedspending-gdp.jpg

[diverdog]

Higher taxes on the middle class..?..hope so so we can have that shared sacrifice. Better have reductions in Medicare/Medicaid and SS benefits or delay their start because they dwarf the military spending by over 2-1.

I am against reductions in SS for those who have paid into it. Restructure SSI all you want. Something has to be done with medicare and cost containment. Federal retirement needs to be restructured as well. HUD and our welfare system need to face cuts.

[diverdog]

Look at this graph and tell me that the military is our main spending problem...

http://media.hotair.com/wp/wp-content/uploads/2013/01/fedspending-gdp.jpg

That graph is meaningless. We spend more than almost all of the rest of the world.

[sappstuf]

That graph is meaningless. We spend more than almost all of the rest of the world.

I agree that Medicare, Medicaid and SS need to be drastically cut and restructured because we spend more than the rest of the world.

Cut the military by 20% and in 5 years we will be in the same exact place with it continuing to growing worse because the core issue hasn't been addressed.

Entitlement spending must be solved.

[FaninAma]

Once again, we see which side the serious proposals are coming from.



I set the over/under at 1 day before Dems attack the plan for balancing the budget on the poor while giving tax cuts to the rich even though no specifics have been released.

I go under.

That isn't a serious plan. No way will future Congress's allow themselves to be restrained on spending by what these wishy-washy, unprincipled idiots do. It will require a Constitutional Balanced Budget Admendment.

[FaninAma]

That graph is meaningless. We spend more than almost all of the rest of the world.

Military spending is too high but it isn't the main cause of the budget problems. Glad to see you understand the need for entitlement reform as well. The problem is that any agreement reached today won't be worth the paper it was written on within 2 Congressional election cycles.

[sappstuf]

That isn't a serious plan. No way will future Congress's allow themselves to be restrained on spending by what these wishy-washy, unprincipled idiots do. It will require a Constitutional Balanced Budget Admendment.

I certainly understand that. Rule 1 in the Dem budgeting playbook is to start taxes immediately, but not enact spending cuts until years 8,9, and 10 which future Congresses never follow though on.

Looks good on paper, but it is just a fantasy. Sorta like the Obamacare's "cost savings" and "bending the cost curve down".

[FaninAma]

I certainly understand that. Rule 1 in the Dem budgeting playbook is to start taxes immediately, but not enact spending cuts until years 8,9, and 10 which future Congresses never follow though on.

Looks good on paper, but it is just a fantasy. Sorta like the Obamacare's "cost savings" and "bending the cost curve down".

Yeah, we've all seen that playbook before. That's why I am so pessimistic that our "leaders" will solve this problem before it kicks our collective asses....economically speaking.

[pphilfran]

So you want a balance annual budget...

We start off the year with 3 trillion in expected revenue and 3 trillion in allotted spending...

Four months in we hit a recession and revenue drops by 15%...how do we make up the newly projected 450 billion shortfall within the last 8 months? Scrap the old budget and write another operating budget?

[LakeRat]

Never going to happen. It isn't if but when, china and other foreign countries cut us off. B/c I don't know a single person in congress who would be ok with cutting everything 10% across the board and making the budget not grow a dime for 10 years. And then making a tax revision to where people can't get more back from the government than they paid in for taxes. That is what has to happen. But it won't.

[badger]

We've been down this road before:
http://p.twimg.com/A30lBukCYAAv7AY.jpg
I would love for it to happen in my lifetime, but I'm not optimistic. Governments like spending money too much. Think about it -- before they're elected officials, they campaign on promises (that cost money). Before that, they've had to live on personal budgets. Even if they are wealthy, they only dreaming about the ability to accomplish the things that government can accomplish (by spending money). Before that, they were kids being told "no" by their parents any time they wanted something (that cost money).

[diverdog]

Military spending is too high but it isn't the main cause of the budget problems. Glad to see you understand the need for entitlement reform as well. The problem is that any agreement reached today won't be worth the paper it was written on within 2 Congressional election cycles.

Fanin:

What is not included in those numbers are all the other areas we spend on defense. It is every thing from homeland security to VA benefits to retirement benefits to NSA and CIA. The defense industrial complex is killing us. Ike warned us this would happen.

[LakeRat]

Fanin:

What is not included in those numbers are all the other areas we spend on defense. It is every thing from homeland security to VA benefits to retirement benefits to NSA and CIA. The defense industrial complex is killing us. Ike warned us this would happen.

Would you agree that welfare programs and the mentality that comes from them also stimulates the problem? Like milk being subsidized $6 a gallon.

I am with you that we need the strongest military in the world, but not stronger than the rest of the world combined.

I believe everyone should pay a $1 a year at minimum. And no one should get more back than they pay in to the government. Do you agree?

It has to be a complete overhaul.

[okie52]

So you want a balance annual budget...

We start off the year with 3 trillion in expected revenue and 3 trillion in allotted spending...

Four months in we hit a recession and revenue drops by 15%...how do we make up the newly projected 450 billion shortfall within the last 8 months? Scrap the old budget and write another operating budget?

What do states do?

[SoonerAtKU]

What do states do?

Fire teachers.

[FaninAma]

What do states do?

Start another lottery.

[okie52]

Fire teachers.

Spending cuts? Unheard of.

[okie52]

Start another lottery.

Double down...I like it.

[FaninAma]

Double down...I like it.




State-owned brothels. Tell the Indians to take a hike and open up some state-owned casinos. There are all kinds of vices here-to-fore tapped by only the mafia that states could undertake to help with their budget woes.

[okie52]

State-owned brothels. Tell the Indians to take a hike and open up some state-owned casinos. There are all kinds of vices here-to-fore tapped by only the mafia that states could undertake to help with their budget woes.

My Chickasaw brothers haven't been sharing enough with me lately so I'm ready to see what the White Man can offer.