This guy calls into Garrison's Radio show and wants to cut defense spending to solve our deficit problem. Garrison asks him what percent of the budget is spent on defense, and he doesn't even know. Not even a guess. So that's problem number 1. People suggesting a solution when they have no idea what they are talking about.
Here is a link that might help you:
Defense as a percent of GDP
Defense spending is actually going down as a percent of GDP - Depending on the time period, or going up on shorter time periods. Percent of GDP is what I think you should look at, that is at ~5%. Either way as a percent of the budget, its about 20% depending on whose number you choose to believe, but he couldn't get that close, and this is his plan.
So then he says, he just wants "intelligent government spending". THAT DOESN'T EXIST! People need to stop believing the lie that the the government and intelligent spending could ever go together. But even if you cut 100% of defense spending, it would still solve the deficit problem! So do all of the people who act as a proponent of that solution know, it could never be the answer.
The real unfortunate truth is there is no way to balance the budget without cutting entitlement spending, which has climbed from 2.5% of GDP to 10% of GDP (or 25% by some sources). That is 2 times that of defense spending.
Monday, May 16, 2011
Debt Ceiling news ignored by the media today
Take a look on top stories on Google news today, and you won't even find the news that the US hit the debt ceiling.
Copied from CBS News:
Treasury Secretary Timothy Geithner announced to Congress on Monday that the U.S. government had hit its $14.3 trillion debt limit, and that the federal government would now begin a "debt issuance suspension period," according to the Hill.
You should check this out, its sort of an important thing going on in the US right now, as Greece is about to default on its debt. Can the Germans bail us out too?
Update:
Geithner is asking congress to raise the debt ceiling to avoid "catastrophic economic consequences". How about this, spend less money! And congress passed a budget plan to reduce deficits but the senate won't pass it. So basically what Geithner is asking is for the destruction of the US economy anyway. Seriously do you loan someone with a gambling problem more money? No. It won't help them. You have to let them take the consequences to get better. A bank won't give you a bigger loan on your house after you are upside down will it? Why would we do these same things for the US government?
They ARE the problem. If you raise the limit, they will just spend all that money too and we will be in the same situation when that money runs out. Its just pushing that problem to someone else. How about this. Geithner, step up and be a man. Deal with the actual problem. Get spending under control with your buddies and stop crying for more money like a spoiled child. Don't push these problems on to our children and grandchildren.
Update:
I just saw this comment from Geithner - that if we hit the debt ceiling it will lead to a double dip recession. For who? The rest of American is in a recession you moron! Unemployment is really about 15%, higher than what is currently reported as 9%, even reported as my Huffington. Even at 9%, its no party out here. The only people impacted by that is Washington.
Lets see what happened last time this occurred under Clinton... Care to guess.. Oh Balanced budgets, a booming economy, low unemployment. Yeah, I'd hate to see that again. Maybe we could get Clinton back to finish this thing off because the current void of intelligence in the White House is starting to tick American's off. Clinton could handle this while getting a quicky in the Oval office. Makes you wonder why Obama can't figure it out with his full attention.
Copied from CBS News:
Treasury Secretary Timothy Geithner announced to Congress on Monday that the U.S. government had hit its $14.3 trillion debt limit, and that the federal government would now begin a "debt issuance suspension period," according to the Hill.
You should check this out, its sort of an important thing going on in the US right now, as Greece is about to default on its debt. Can the Germans bail us out too?
Update:
Geithner is asking congress to raise the debt ceiling to avoid "catastrophic economic consequences". How about this, spend less money! And congress passed a budget plan to reduce deficits but the senate won't pass it. So basically what Geithner is asking is for the destruction of the US economy anyway. Seriously do you loan someone with a gambling problem more money? No. It won't help them. You have to let them take the consequences to get better. A bank won't give you a bigger loan on your house after you are upside down will it? Why would we do these same things for the US government?
They ARE the problem. If you raise the limit, they will just spend all that money too and we will be in the same situation when that money runs out. Its just pushing that problem to someone else. How about this. Geithner, step up and be a man. Deal with the actual problem. Get spending under control with your buddies and stop crying for more money like a spoiled child. Don't push these problems on to our children and grandchildren.
Update:
I just saw this comment from Geithner - that if we hit the debt ceiling it will lead to a double dip recession. For who? The rest of American is in a recession you moron! Unemployment is really about 15%, higher than what is currently reported as 9%, even reported as my Huffington. Even at 9%, its no party out here. The only people impacted by that is Washington.
Lets see what happened last time this occurred under Clinton... Care to guess.. Oh Balanced budgets, a booming economy, low unemployment. Yeah, I'd hate to see that again. Maybe we could get Clinton back to finish this thing off because the current void of intelligence in the White House is starting to tick American's off. Clinton could handle this while getting a quicky in the Oval office. Makes you wonder why Obama can't figure it out with his full attention.
Friday, May 13, 2011
Obama should be impeached for attacking Lybia
Read the Constition. He didn't uphold the constition, he violated it. He took an oath to uphold the constition and he broke it. No way to argue it. He broke the oath of office and should be impeached for it.
Entitlements must be cut as part of the deal to raise the debt ceiling
I had an argument with someone about entitlements today. Their argument is that they paid in so they should get the money. So let's be clear. Let's agree to only pay them back what they paid in. So fine you paid in. You deserve Your share, so let's just reduce the entitlements to the amount that people paid in. And for the poorest people which this was designed for, we continue the promise to those who are retiring now, but reset the plan for those who haven't started paying in yet. Read as the unborn. To pay for it is simple. Raise the ceiling for where we stop collecting this tax, but keep the current ceiling on employer matching. Yes it adds burden to the rich and really two income middle class families, but it balances it, and it let's business keep creating jobs.
Getting rid of oil subsidies is a great idea. Get rid of all them!
Why stop at Oil subsidies? Let's cut all the subsidies including the ones for solar and wind power! Its just a terrible idea for the government to be involved in business at all. They can't mange anything, much less a business investment.
Democrats be consistent while you are getting this one right and cut all of these subsidies, don't single out oil.
Democrats be consistent while you are getting this one right and cut all of these subsidies, don't single out oil.
Cutting government waste is a mythical concept
The idea that the US can cut waste as any solution to it's spending problem is a complete falsehood. It's just totally and flat out a lie that they tell you because it sounds like it would make sense. I mean there must be waste right? Arguments over the few billion in waste is still stupid. What they need to do is simply cut a trillion across the board with no arguments about programs. Since they can't agree on what to cut then we should just cut everything. Better yet, until congress can fix the problem, don't pay them. Maybe that would be an incentive to get this right. And if you've gone totally insane over the idea of just cutting EVERY line item to get the trillion, how about we just go back to a Clinton budget? Would you go for that? Things were great after all in those years right? So let's do that again. Certainly that fits in most liberal ideas. But now, Obama needs to create deficits more in a year than Bush did in his entire presidency, to achieve an unemployment rate that is double that of the Bush years. Cut the budget, don't wait, do it today.
Wednesday, October 13, 2010
Its October 2010 already
I don't blog much anymore. No time. With so many other people blogging there is just noise. There is nothing missing from the online world of blogging. No topic untouched, and no idea is original. Even the craziest ideas have multiple hits and articles. So there doesn't seem to be much point to that anymore. In a world where I had more time, I'd like to write more posts but I've been doing things in the world. I was busy inventing products and trying to create jobs while the government took a whole hearted assault at my ability to do so. So for now, I'll be looking for something to do that adds value to world and is a little more unique.
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