Economy

Rant

Early Reactions to US 2011-2012 Budget

Posted 13 months ago|6 comments|485 views
Written by
Coloranter Raver
Denver, CO
Now that the finishing touches are being put on US Budget Bill 2011-2012, it's time to start putting things into perspective. Clearly, a majority of people in the nation not only want budget deficit reductions, they are willing to pay a very high price.

With right wing, Tea Party-endorsed candidates believing they were sent to Washington for the sole purposes of reducing the deficit and ending legalized abortion, why don't these people and the states that elected them lead the way. Certainly one way to reduce the deficit would be to take the federal budget ascribed to any program in any state that elected a Tea Party-endorsed candidate and simply apply that money to the deficit. There, problem solved in no time, and the people who directly or indirectly support this method of budget reduction can have no cake and not be able to eat it either. Queen among them, possible GOP Presidential candidate, Michelle Bachman (R-MN) who was reported on FOXNews as having said in disgust about the new budget, "...members of Congress have "been asked to settle for $39 billion in cuts, even as we continue to fund Planned Parenthood and the implementation of ObamaCare."  (source) Oh, my wacky Rep. Bachman yet again proving she puts the lives of unborn children and young women high on her list.

What exactly is it that causes a US Budget deficit? It's simple really, spending more than you take in. You know there's a whole different way to solve a deficit than cutting, though cutting may work insofar as you don't chop down or entangle the entire tree. Another way is to grow the economy and, therefore, grow the taxes collected. Tea Partiers not unlike the generally uncreative people elected into Congress have no solutions for how to grow the economy save one. They preach cutting taxes. If you gut taxes you'll have more money to get returned to the government as taxes, so their logic goes. Huh? If the treasury dept. was set to collect $1000 from you in income tax, and instead it's cut to $500, how does it ever see that $500 again? You go buy a color tv and pay state and local sales tax. The company that makes it sends in a bit more income tax but certainly way less than the $500. It's a plan that just does't make sense if you are trying to reduce your deficit. No, instead, the only thing the Tea Partyiers and their cronies can think of is abolishing support for Planned Parenthood. On that note, got to wonder if they've run the numbers yet as to which is more expensive: funding Planned Parenthood or paying the health care costs of young women maimed in back alleys, paying for the cost of upbringing thousands more kids in foster care and orphanages, and the legal fees associated with all the attempts to eventually overturn Roe v. Wade?

Where's the inspiration to captivate a nation and galvanize us as JFK did around a common cause of putting a man on the moon.

Finally, there seems to be no one talking about the price of gas anymore. It's off the radar despite sliding upward to $4/gallon every time you turn around. How about the fact that our economy is currently oil-dependent, and the higher it goes, the worse it is for just about every industry. How about regulating the price and ending speculating on it.
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COMMENTS
Out Of The Box
Out Of The Box
 Moderator
13 months ago: How many billions did Obama just spend to partner with Big South American Oil? To develop, of all things, submerged oil storage vessels and deep water drilling?
Coloranter Raver
Coloranter Raver
Denver, CO
13 months ago: I don't know. Maybe you could tell us.
Out Of The Box
Out Of The Box
 Moderator
13 months ago: The answer is, as usual, clouded in obfuscation. The Export-Import Bank, a federal institution, earmarked up to $2 billion, of which $308 million has been guaranteed by JPMorgan. As of yet, Petrobras has not used any of that money. Thus the feigned love affair Obama has been perpetrating on the Brazilian people.
Coloranter Raver
Coloranter Raver
Denver, CO
13 months ago: So, you didn't say what you think about oil speculators and regulating the price?
Out Of The Box
Out Of The Box
 Moderator
13 months ago: If you stop speculation on oil futures, you would have to shut down the entire commodities market. I'm not sure our economy is ready for that just yet. The price of oil is already regulated, and has been kept artificially low by being paid for in US dollars. Most other countries are paying two to three times what we pay at the pump. It's hard for us to regulate the price of something we acquire from a country that is not bound by our regulations.
Out Of The Box
Out Of The Box
 Moderator
13 months ago: Here's an interesting article discussing who makes more money from a gallon of gas; the oil companies or the government.

http://www.factcheck.org/askfactcheck/do...

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