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How would you cut the US budget? How much of a budget crisis is the US in?

This is a debt calculator published by the NYT.  It lists the debt of the US.  It calculates a variety of budget cuts and determines how the cut would affect the buget.  This was on Glen Beck’s program…Everyone one needs to see this.  I worked on this for over an hour with stark results.  Make sure yor work on the medicare and social security sections...these remedies are real eye-openers.  I am sending the link to all my Reps in DC. 

http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits...

 

After you visit the website above visit these websites...

http://www.downsizinggovernment.org/  by the Cato Institute

 

http://www.tcaii.org/index.php by the Come Back America an organization by David Walker former US Comptroller General

 

Then visit the slide presentation of Come Back Americas analysis of the US Budget that Mr. walker presents in his town hall meetings...http://www.tcaii.org/pdfs/12292010_CAI_Standard_Slide_Set.pdf

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Tags: Obama's, budget, debt, deficit

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Comment by Pete Malone on February 21, 2011 at 9:37pm

Our income is about $2 trillion, but we are spending more than $3.5 trillion. How much do we have to "shave" to get into the black? Can we get into the black by using a scalpel, cutting a billion here and a billion there?

 

The budget should be approached on a "zero base" basis, where you look at every expenditure and decide whether it is justifiable or not. Many Depts., e.g., Commerce, DOT, Educaiton, Energy, HHS, NIOSH, etc., could be closed down. Many have one or two essential operations, e.g., the nuclear regulation of the Energy Dept., which might be consolidated into one Dept. This appraoch would consider the sale, i.e., privatization, of Amtrak, Conrail, the Post Office, the TVA, etc.

Then we should look at those long lists of federal duplications, to see which should departments should survive. Then we should reconsider the federal government subsidies, most of which have numerous unintended consequences. Farm price supports would be one example. Federal tax dollars are used to RAISE food prices, so when farmers are restricted in the acreage they can plant, and PAID to let fields lie idle, they still have a decent income. But that prices American farmers out of foreign markets and raises prices we pay for food. If farmers could plant as they wished, they could do better selling in world markets, American food prices would drop, and federal spending and the trade deficit would be reduced. Uncle Sam also provides subsidies for wind power, solar power, electric vehicles, etc. We would be better off letting the free market determine how much of those things are sold.

 

Then we should take a LONG LOOK at entitlements, gradually extending retirement and Medicare qualification ages. This needs to be done on an actuarially sound basis, or our creditors could consider it a declaration of bankruptcy, and start raising interest rates. A return to 20% interest rates would have us spending MORE revenue than Uncle Sam can raise, just

Comment by james krog on February 20, 2011 at 12:33am
Rest of Heritage Foundation proposal
Eliminate the Denali Commission.

$31
Eliminate the Minority Development Business Agency.

$8
Eliminate the Delta Regional Authority.

Education

$8,000
Return Pell Grants to their 2009 funding level of $24 billion, which
is still double the 2007 level.

$2,000
Trim Head Start by $2 billion and convert it into vouchers.

$2,000
Scale back the Education Department bureaucracy.

$1,500
Eliminate dozens of small and duplicative education grants.

$298
Eliminate state grants for Safe and Drug-Free Schools and
Communities.Energy and the Environment

$6,500
Reduce energy subsidies for commercialization and some research activities.

$600
Block grant and devolve Environmental Protection Agency grant programs.

$200
Restructure the Power Marketing Administrations to charge market-based rates.

$63
Eliminate the Science to Achieve Results Program.

Government Reform

$44,000
Halve federal program payment errors by 2012, especially by reducing
Medicare errors and earned income tax credit errors.
Tighten oversight by spending $5 billion on new resources, such as
updated computer systems, and then recover $49 billion in payment
errors.

$20,000
Rescind unobligated balances after 36 months.

$12,500
Halve the $25 billion spent to maintain vacant federal properties.

$10,000
Cut the federal employee travel budget to $4 billion (half of FY 2000 spending).

$3,000
Freeze federal pay until it can be reformed.

$1,000
Suspend acquisition of federal office space.

$600
Trim the federal vehicle fleet by 20 percent (a reduction of 100,000 vehicles).

$300
Cut the House and Senate budgets back to the 2008 level of $2.2 billion.

$215
Eliminate the Presidential Election Campaign Fund.

$100
Tighten controls on federal employee credit cards and cut down on delinquencies.

$70
Require federal employees to fly coach on domestic flights.

Health Care

$6,200
Reform Medigap.

$5,000
Repeal Obamacare (larger savings in later years).

$3,700
Require Medicare
Comment by james krog on February 20, 2011 at 12:31am
Abolish the Department of Education $107 billion
End Agricultural subsidies Regulatory and trade barriers, Rural and food subsidies and some forest service programs $131 billion
Ban earmarks $14 billion
abolish the EPA $11.7 billion
cuts from the department of energy
conservation and renewable energy $16.8 billion
environmental management $6.8 billion
loans for renewable energy and electricity transfer $4 billion
carbon capture $3.4 billion
advanced research projects agency $0.4 billion

replace the IRS with a national sales tax collected by the states and electronically transferred to the US treasury directly $12.1 billion
additional revenue from the positive affect on the economy
end voluntary funds to the UN $3.5 billion, $6.347 billion if we leave completely
end all taxpayer support of political advocacy groups $no figures
Heritage Foundation proposal follows
(in millions of dollars)

Agriculture

$15,000
Replace farm subsidies with Farmer Savings Accounts and improved crop insurance.

$2,033
Eliminate the Foreign Agriculture Service.

$1,500
Merge all four agriculture outreach and research agencies and cut
their budget in half.

$1,000
Fund the Food Safety and Inspection Service with user fees.

Commerce

$500
Eliminate business subsidies from the National Institute of Standards
and Technology.

Community Development

$6,000
Eliminate the Community Development Block Grant program.

$598
Eliminate the Rural Utilities Service.

$523
Eliminate the Economic Development Administration.

$480
Eliminate NeighborWorks America (formerly the Neighborhood
Reinvestment Corporation).


$200
Consolidate the Rural Housing and Development Programs and convert
them into block grants.

$73
Eliminate the Appalachian Regional Commission.

$48
Eliminate the Denali Commiss
Comment by Tanahy Armental on February 18, 2011 at 3:53pm

Without looking at the debt calculator or the budget; these are some of my ideas.  Stop funding the ACLU; NAACP.  Stop giving money to illegals.  Stop ALL foreign aid; at least until our problems are taken care of.  Eliminate the NEA (National Endowment of Art?) Get rid of ALL the federal jobs the as$ in the White House added.  I will probably have more ideas after I get a chance to look at the debt calculator. 

It's not much, but it's a start.

Comment by David Givens on February 18, 2011 at 1:26pm

Do away with the entire U.S. Government except the Department of Defense, the Department of the Interior, and the Department of the Treasury.  Fold the Department of State and NASA into the Department of Defense and rename it the Department of the Exterior.

 

Abolish the income tax and institute a Fair Tax.

 

Any necessary function of government deals either with the economy, interior or exterior.  Put them in the appropriate department.

 

Sell the FED, FNMA, FNMC and all other publicly owned or guaranteed corporations.

No one it too big or small to fail.  Do not transfer funds to anyone.  If the United States needs a good or service, it can purchase it but it may not give, lend or transfer money to any nation, state, entity or individual.

 

Refuse to pay more to any international organization than other members with the same influence on that organization pay.

 

Embed these changes into Constitutional amendments.

Comment by Diana Buffington on February 18, 2011 at 11:32am

Just using the alternatives listed...I balanced the budget, cut deficit funding, without raising taxes and without touching the military sections. 

 

I am 59, my husband has been out of a job since April 2009, and no unemployment check after December 2009.  Wisconsin screwed him out of his extended unemployment.  We have live off our 401Ks which are almost gone.

Comment by Alta Whipple on February 17, 2011 at 7:52pm

Said  by Benjamin Franklin: There are two passions which have a powerful influence in the affairs of men. These are ambitions and avarice; the love of power and the love of money. Separately, each of these has great force in prompting men to action; but when united in view of the same object, they have in many minds the most violent effects. Place before the eyes of such men a post of honor, that shall at the same time be a place of profit, and they will move heaven and earth to obtain it. The struggles for them are the true source of all those factions which are perpetually dividing the nation, distracting its councils, hurrying it sometimes into fruitless and mischievous wars, and often compelling a submission to dishonorable terms of peace. (Smyth, Writing of Benjamin Franklin, 9;591) Franklin's address to the Constitutional Convention

 

Franklin also said: that high salaries for government offices are the best way to attract scoundrels, and drive from the halls of public office those men who possess true merit and virtue. This really shows what our govt.has turned into. Power-and money-hungry scoudrels.

Comment by Sharon Ostwinch on February 17, 2011 at 5:37pm
I think all foreign monies needs to be checked and double checked and we need to stop sending the entire world money.  We can't even take care of our own we have no business helping the world.  All agencies need to be fine tuned and many many gov. workers need to go.  In a nutshell all programs need to be looked at.  Food stamps is terrible in every state and neeeds to change. Overhaul all gov. works and make all money for everything very transparent.  On the web for all to see.
Comment by Susan Ramsey on February 17, 2011 at 1:03pm
If a group was hired to check into each group that was formed like Acorn and groups like that, Check social security and get all the dead people off the checks find out who has been spending the money let them pay some back into social security. Do a check on the IRS. Defund all the programs that are not working. Send all aliens back home. Make all companies have mandatory drug testing for employees. Test all on welfare if they test for drugs they lose their checks. Lord the list goes on and on. But the biggest waste is in Washington. Clean it up you have cleaned America up.
Comment by Capt. Norman A. Schlosser on February 17, 2011 at 9:24am
Let's start at the begining!!!  Cut the salaries of Congress!!!  They DON'T deserve more than someone in the military!!  Put their health care through the VA!!!  Term Limits!!!  No RETIREMENT, just SS.  NO MORE WELFARE!!!!  Mandatory drug and alcohol testing for those that are on welfare, and if they use, they loose!!!  No more foreign aid!!  No more ILLEGALS!!!!  Cut all non-participating entitlement programs. Put the education system under the states!!!!    No more farm aid!!!  This is just for a start!!!

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