From The Las Vegas Sun: All economists say that what the Republicans forced upon this country is wrong,” Reid said. “This is the wrong time to be cutting spending. Of course, they held the country hostage.“Our number one job should be creating jobs, but the Tea Party driven House of Representatives seems to have another agenda and that is bring the government down.”
http://www.lasvegassun.com/news/2011/aug/03/reid-tea-party-wants-bring-government-down/
Harry Reid is an embarrassment to the United States and especially, to the State of Nevada.
He has some very serious mental health issues when he accuses conservatives are trying to bring down the government. He has confused politics with reality and right now, Harry Reid is not facing reality. He is seriously mentally ill when he has no clue on reality.
Apparently, Reid is pissed because the debt ceiling vote, a bill that helped craft, along with the White House. But he says the conservatives are not trying to take down the government, then why hell did he vote for the bill and try and convince others to vote for the bill.
Crybaby Harry Reid, here is some advice:
1. Resign for the Senate. You are an embarrassment to the United states and the state of Nevada.
2. Seek treatment for your mental health problems.
3. Enjoy your retirement in Washington D.C. at the Ritz-Carlton or wherever you want.
I hope the leaders of the Democratic Party see Reid's problems and intervene on his behalf, otherwise, you bought him, you own him.
Many in the Tea Party were perfectly happy to leave the debt ceiling where it was. Do the math and look at where that leaves us in terms of revenue and obligations.
ReplyDeleteThat math and Reid's statement comport pretty well. Call Reid names if you like, but it looks like basic math to me.
Basic math to me says to me that borrowing $2.4 trillion in a year along with spending trillions more tells me we are spending way, way too much and that does include the military.
ReplyDeleteappreciate your views, Scott.
Ok, what expenses do you cut and what taxes do you raise?
ReplyDeleteCuts: Military- cut at least 5%.
ReplyDeleteGo back to 2008 spending in other spending.
Get rid of Department of Education and Energy department and fold them into existing agencies.
Revenue: sell planes, autos, buildings and land
Cut 25% of congressional and preasidential spending.
Taxes: Gradually decrease farm and other subsidies.
Thats a start.
revenue
ReplyDelete------------
Personal income tax: $950B
Corporate income tax: $200B
Other taxes (except payroll): $200B
Tota: $1350B
expenses
--------------
Soc Security: $0 (covered by payroll tax)
Medicare: $250B
Defense: $685B - 5% = $650B
VA & Military pensions: $215B
Interest on debt: $200B (and going up after the debt ceiling fight)
IRS: $13B (gotta collect taxes)
Farm subsidies: $5B - 20% = $4B
Dept of Energy: $27B - (everything except nuclear security) - $11B
total: $1343
If you want a balanced budget, roll back to 2000 and then adjust for GDP growth. That means:
Bush tax cuts: $350B
Iraq & Afghan war: $150B
Stimulus: $0 (already past)
TARP: $0 (already past)
Recession: $400B
What we need longer term is to get the debt to a sustainable percent of GDP. That means basically three things over the medium to long term: 1. we can't afford the Bush tax cuts, 2. we have to get out of the recession, 3. the growth rate of medicare & medicaid has to be controlled. Oh, and it'd be nice if Defense wasn't 25% of the budget.
When you compare our budget with past, sustainable budgets we're otherwise fine. Domestic spending is at near-record lows, Social Security needs minor tweaks. You're really just looking at Defense, Medicare & Medicaid.