Let’s be honest

The Democrats don’t want to cut anything, except defense. The Reid plan is status quo. Same (overspending) spending. Same problems. Let’s look at the maths:

The Reid plan would theoretically cut spending by $2.7 trillion over ten years. Even if that were true, it would still allow our national debt increase by some $10 trillion over the next decade. But, of course, the $2.7 trillion figure is mostly fiction. About $1 trillion of the savings would come from the eventual end of the wars in Iraq and Afghanistan, savings that were going to occur anyway.

Another $400 billion comes from assumed reduced interest payments. So – bullshit, not cuts in anything.

And, of course, there are $40 billion in unspecified “program-integrity savings,” meaning the “waste, fraud, and abuse” that is the last refuge of every phony budget cutter.

Which brings us to $1.2 trillion in defense and discretionary spending cuts over the next TEN years.

This month alone the federal government will borrow $134 billion. Reid’s cuts would average roughly $120 billion per year.

Yea. How’s that going to work out?

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3 Comments on “Let’s be honest”


  1. It works out by providing my hoax and chains, just as Dear Leader demands.

  2. Kirby Says:

    “You could argue that the stimulative effect of those cuts is worth it (“deficits don’t matter” etc). But you cannot logically argue that we absolutely must reduce deficits, but that we absolutely must also preserve every penny of those tax cuts. Which I believe precisely describes the House Republican position.”

    http://www.theatlantic.com/politics/archive/2011/07/the-chart-that-should-accompany-all-discussions-of-the-debt-ceiling/242484/

  3. Car in Says:

    Kirby, that chart is very disingenuous. It plays the “revenue” game with the Bush tax cuts. In addition, if vastly underestimates the cost of Obamacare. $150 Billion? I don’t think so. CBO estimated in March that it would be $788 billion over ten years. Stimulas is $711 billion? Nope. $3.7 TRILLION.


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