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Economy
See other Economy Articles

Title: What is Really Driving the Deficit?
Source: Dissenting Opinions
URL Source: http://jwpegler.blogspot.com/2011/0 ... is-really-driving-deficit.html
Published: Aug 5, 2011
Author: Eric Blankenburg
Post Date: 2011-08-05 01:50:01 by jwpegler
Keywords: None
Views: 3161
Comments: 5

We spend $700 billion on the military each year.

If we leave Iraq and Afghanistan we save $100 billion.

If we leave Europe, Japan, and South Korea we might save $100 billion more.

I support downsizing those commitments right now.

That leaves us with $500 billion in military spending, which is less than 3.5% of GDP. That would be lowest military spending since before WWII. It's a reasonable price to protect the country.

The deficit this year is over $1,500 billion. Take $200 billion out of the military and we still have a $1,300 billion deficit.

Yes military spending needs to be reformed, but it is not the primary driver of the deficit.

The primary driver of the deficit is that over half the people in the country receive a government check.

Until that fact really sinks in, we are going to continue hemorrhage money.

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#3. To: jwpegler (#0)

The primary driver of the deficit is that over half the people in the country receive a government check.

Not quite but still quite a bit.... These were items that the Republicans were requesting be cut in their budget deal. Don't know how many of them they got but the point is it's just the tip of the iceberg of all the bullshit our tax dollars get spent on.....

Corporation for Public Broadcasting Subsidy. $445 million annual savings.

Save America 's Treasures Program. $25 million annual savings.

International Fund for Ireland . $17 million annual savings . Legal Services Corporation. $420 million annual savings.

National Endowment for the Arts. $167.5 million annual savings.

National Endowment for the Humanities. $167.5 million annual savings.

Hope VI Program.. $250 million annual savings.

Amtrak Subsidies. $1.565 billion annual savings.

Eliminate duplicative education programs. H.R. 2274 (in last Congress), authored by Rep.. McKeon, eliminates 68 at a savings of $1.3 billion annually< /span>.

U.S. Trade Development Agency. $55 million annual savings.

Woodrow Wilson Center Subsidy.. $20 million annual savings.

Cut in half funding for congressional printing and binding. $47 million annual savings.

John C. Stennis Center Subsidy. $430,000 annual savings.

Community Development Fund. $4.5 billion annual savings.

Heritage Area Grants and Statutory Aid. $24 million annual savings.

Cut Federal Travel Budget in Half. $7.5 billion annual savings

Trim Federal Vehicle Budget by 20%. $600 million annual savings.

Essential Air Service. $150 million annual savings..

Technology Innovation Program. $70 mi llion annual savings.

Manufacturing Extension Partnership (MEP) Program. $125 million annual savings.

Department of Energy Grants to States for Weatherization. $530 million annual savings.

Beach Replenishment. $95 million annual savings.

New Starts Transit. $2 billion annual savings.

Exchange Programs for Alaska , Natives Native Hawaiians, and Their Historical Trading Partners in Massachusetts . $9 million annual savings

Intercity and High Speed Rail Grants. $2.5 billion annual savings.

Title X Family Planning. $318 million annual savings.

Appalachian Regional Commission. $76 million annual savings.

Economic Development Administration. $293 million annual savings.

Programs under the National and Community Services Act. $1.15 billion annual savings.

Applied Research at Department of Energy. $1.27 billion annual savings.

FreedomCAR and Fuel Partnership. $200 million annual savings.

Energy Star Program. $52 million annual savings.

Economic Assistance to Egypt . $250 million annually.

U.S. Agency for Interna tional Development. $1.39 billion annual savings.

General Assistance to District of Columbia . $210 million annual savings.

Subsidy for Washington Metropolitan Area Transit Authority. $150 million annual savings.

Presidential Campaign Fund. $775 million savings over ten years.

No funding for federal office space acquisition. $864 million annual savings..

End prohibitions on competitive sourcing of government services. Repeal the Davis-Bacon Act. More than $1 billion annually.

IRS Direct Deposit: Require the IRS to deposit fees for some services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing it to remain as part of its budget. $1.8 billion savings over ten years..

Require collection of unpaid taxes by federal employees. $1 billion total savings.WHAT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Prohibit taxpayer funded union activities by federal employees. $1.2 billion savings over ten years.

Sell excess federal properties the government does not make use of. $15 billion total savings.

Eliminate death gratuity for Members of Congress. Lord help us!!!!!

Eliminate Mohair Subsidies. $1 million annual savings.

Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change. $12.5 million annual savings

Eliminate Market Access Program. $200 million annual savings.

USDA Sugar Program. $14 million annual savings.

Subsidy to Organisation for Economic Co-operation and Development (OECD) . $93 million annual savings.

Eliminate the National Organic Certification Cost-Share Program. $56..2 million annual savings.

Eliminate fund for Obamacare administrative costs. $900 million savings.

Ready to Learn TV Program. $27 million savings..

HUD Ph.D. Program. Deficit Reduction Check-Off Act.

CZ82  posted on  2011-08-05   7:02:38 ET  Reply   Untrace   Trace   Private Reply  


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