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Title: CBO sends Boehner back to drawing board
Source: CNN/Money
URL Source: http://money.cnn.com/2011/07/26/new ... omy/debt_ceiling_boehner_bill/
Published: Jul 26, 2011
Author: CNN/Money
Post Date: 2011-07-26 20:31:58 by go65
Keywords: None
Views: 2499
Comments: 9

With the clock ticking down, House Speaker John Boehner will rewrite his debt ceiling legislation to ensure that it meets his oft-stated pledge to cut spending more than Congress increases the federal borrowing limit.

That was the word from Boehner's office after the Congressional Budget Office on Tuesday evening estimated that the Budget Control Act of 2011 would reduce deficits by only $851 billion over 10 years.

By contrast, Boehner's bill would have allowed for an immediate debt ceiling increase of $900 billion.

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#1. To: A K A Stone, jwpegler, no gnu taxes, skip intro, brian s, godwinson, socalv, lucysmom (#0)

Boehner's claimed $1.2 billion cut is actually only $851 in cuts. Just like his $37 billion in cuts was actually only $500 million in cuts.

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go65  posted on  2011-07-26   20:33:25 ET  Reply   Trace   Private Reply  


#2. To: go65 (#0)

Why doesn't anyone in Congress propose two simple methods of reduction? Here, I shall help:

1) freeze all US government payrolls and benefits until further study.

2) Get the fuck out of these wars all over the planet. As an example: America is still involved with South Korea after some 50 years later with troops doing NOTHING.

buckeroo  posted on  2011-07-26   20:39:11 ET  Reply   Trace   Private Reply  


#3. To: buckeroo (#2)

1) freeze all US government payrolls and benefits until further study. 2) Get the fuck out of these wars all over the planet. As an example: America is still involved with South Korea after some 50 years later with troops doing NOTHING.

I agree with both of those points and we should do that, but we need more.

The government is wasting so much money.

Why do we need 30 different welfare programs? Why can't we have just one? The administrative savings alone would be substantial.

Why do we pay farmers NOT to grow food. Why do we put floors under the price of dairy and other farm products and subsidize farmers when the price fluctuates below the floor?

Why does the Commerce Department pay for adds that promote American businesses overseas? Can't businesses pay for their own ads? What does the Commerce Department do anyway, except take a census every 10 years?

Why do we pay millions, or billions every year to build new government buildings that are never used or to maintain existing building that aren't being used?

Why did taxpayers pay the University of California at Santa Cruz to digitize Grateful Dead photographs, tickets, backstage passes, fliers, shirts and other memorabilia?

Why did the Securities and Exchange Commission spend $3.9 million in 2007 and 2008 just to rearrange desks at their Washington D.C. headquarters???

Why did the Federal Communications Commission paid $350,000 to sponsor a NASCAR driver?

Why do we mail Social Security checks to fugitives even though a 1996 law prohibits it?

Why did we pay to hire 2 million government workers in Iraq to promote "stability"?

Why do we pay for studying the drinking habits of prostitute in China, gay men's penis sizes, and a hoard of other useless "research" projects?

Why does the Department of Defense rack up $100 million of unused plane tickets each year and not get refunds?

On and on and on...

The government is completely out of control. We need serious people in office who will take a stand and reign it all in.


To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. — Thomas Jefferson

jwpegler  posted on  2011-07-26   21:48:21 ET  Reply   Trace   Private Reply  


#4. To: jwpegler (#3) (Edited)

Why do we pay farmers NOT to grow food. Why do we put floors under the price of dairy and other farm products and subsidize farmers when the price fluctuates below the floor?

farm states have more power in Congress then they should have.

The rest of the stuff you list is nickel and dime. Why do we spend $1 trillion on wars we had no business fighting? Why did we waste $34 billion in screwed up contracts (http://www.reuters.com/article/2011/07/23/us-usa-afghanistan- waste-idUSTRE76M27Y20110723)

When will the GOP actually care about that sort of waste instead of focusing in piddly crap like you listed?

Why did they just expand the defense budget by ANOTHER $17 billion without any debate/complaints?

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go65  posted on  2011-07-26   22:04:36 ET  Reply   Trace   Private Reply  


#5. To: jwpegler (#3)

BTW, you keep harping on the "gay men's penis size study" - the story that the government funded the study is false.

But there's one big problem. The NIH did not directly fund the study, nor did it approve the research. It did, however, provide a training grant for research into AIDS and HIV prevention for the study's lead author, Christian Grov.

"This study was funded by the Hunter College Center for HIV/AIDS Educational Studies and Training," a spokeswoman for the NIH told ABC News in an email. "Dr. Christian Grov was supported as a postdoctoral research fellow at the time the research was conducted by a National Institute on Drug Abuse (NIDA)-funded training grant, which focuses on preparing behavioral scientists, especially racial/ethnic minorities, to conduct research in the areas of drug abuse, HIV/AIDS, and crime. These funds can only be used to support expenses like stipends, tuition and fees. These funds cannot be used to support research projects."

abcnews.go.com/Health/Men...xual-health-called-waste- taxpayer/story?id=14125898

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go65  posted on  2011-07-26   22:08:01 ET  Reply   Trace   Private Reply  


#6. To: All (#0)

Boehner has pulled his plan from a vote tomorrow, it will now be at least Thursday, if not later. he doesn't have the votes to pass it.

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go65  posted on  2011-07-26   22:27:57 ET  Reply   Trace   Private Reply  


#7. To: jwpegler (#3)

Why do we pay farmers NOT to grow food. Why do we put floors under the price of dairy and other farm products and subsidize farmers when the price fluctuates below the floor?

Why do tea partyers call removing those subsidies tax increases and oppose them?

"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly

lucysmom  posted on  2011-07-26   23:36:25 ET  Reply   Trace   Private Reply  


#8. To: go65, jwpegler (#4) (Edited)

Why do we pay farmers NOT to grow food. Why do we put floors under the price of dairy and other farm products and subsidize farmers when the price fluctuates below the floor?

farm states have more power in Congress then they should have.

While there is a lot of pork in farm subsidies, the farm subsidy programs that are at the core of the matter are there to ensure crop rotations and to prevent the price dropping below the level where there is no incentive to grow food, etc. If you say the market will take care of that and farmers will behave rationally, history shows they did not and would not.

But ethanol subsidies and subsidizing boutique farms for the rich like Michelle Bachmann's fake farm that can and should end.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-07-27   2:03:06 ET  Reply   Trace   Private Reply  


#9. To: Godwinson, jwpegler (#8)

But ethanol subsidies and subsidizing boutique farms for the rich like Michelle Bachmann's fake farm that can and should end.

I think we all agree on that, but for some reason the GOP blocks any and all efforts to remove Ethanol subsidies. Grover Norquist has long criticized efforts to repeal the $5 billion annual ethanol tax credit as a tax increase.

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go65  posted on  2011-07-27   9:23:36 ET  Reply   Trace   Private Reply  


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