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Eric Cantor (R-VA), House Majority Leader, declared the budget for the rest of the year will contain language to deny funding for the health care law. The law, according to Cantor, will not include the actual language to defund Health Care. Instead, Representative Denny Reyberg (MT) will introduce an amendment to the bill that defunds Health Care Reform. Do you support what the Republicans are attempting to do? Should the Health Care Reform Act be defunded?Related Polls On WhosRight1. Do You Support Congressman Paul Ryan and the House GOP's 2012 Budget?2. Federal Budget: Should the Military Budget and Defense Spending be Cut?3. How Would a Government Shutdown Effect You?4. I am Sick of Unions5. Should the Healthcare Reform Act be Defunded?6. Can you Lower the Deficit by Cutting Taxes?7. Should the Republicans slash the Federal Budget Now?8. Are Higher Gas Prices Really Bad for the Economy?9.
This is how much the government spends on the following programs in FY 2011:Social Security or Pension Costs = $793.2BHealth Care Costs = $882.0BMedicare Costs = $494.3BMedicaid Costs = 347.0BEducation Costs = $129.8BDefense Costs = $964.8BCost of Welfare = $485.6BThe Chart that follows shows that Healthcare, Medicare + Medicaid, is the largest part of the budget at 17%. Not far behind is Defense Spending and Social Security Costs at 15%. After reviewing all this information, Where would you cut Government Spending?Related Polls On WhosRight1. Do You Support Congressman Paul Ryan and the House GOP's 2012 Budget?2. Federal Budget: Should the Military Budget and Defense Spending be Cut?3. How Would a Government Shutdown Effect You?4. I am Sick of Unions5. Should the Healthcare Reform Act be Defunded?6. Can you Lower the Deficit by Cutting Taxes?7. Should the Republicans slash the Federal Budget Now?8. Are Higher Gas Prices Really Bad for the Economy?9.
US Military Spending is estimated to reach $966 billion in 2011, this is nearly 3x's the 2001 Military budget of $377 billion. The current political climate in Washington D.C. seems to be focused on cutting the US Federal Budget, however, nobody seems to be suggesting any cuts to the Military Budget. In Can We Cut "Defense" Spending?, Thomas Eddlem argues for cutting defense spending because "U.S. “defense” spending today has all of the hallmarks of every other out-of-control big-government program. For example, nobody can say for sure precisely how much the United States spends on defense, and nobody can say for sure how many bases the U.S. government has abroad." Bill Kristol, AEI's, Arthur Brooks, and The Heritage Foundation's, Ed Feulner, disagree with cutting the military budget. In the article 'Peace Doesn't Keep Itself' for The Weekly Standard, the three argue:We should be vigilant against waste in every corner of the budget. But anyone seeking to restore our fiscal health should look at entitlements first, not across-the-board cuts aimed at our men and women in uniform.Furthermore, military spending is not a net drain on our economy. It is unrealistic to imagine a return to long-term prosperity if we face instability around the globe because of a hollowed-out U.S. military lacking the size and strength to defend American interests around the world.Global prosperity requires commerce and trade, and this requires peace. But the peace does not keep itself. The Global Trends 2025 report, which reflects the consensus of the U.S. intelligence community, anticipates the rise of new powers—some hostile—and projects a demand for continued American military power. Meanwhile we face many nonstate threats such as terrorism, and piracy in sea lanes around the world. Strength, not weakness, brings the true peace dividend in a global economy. Graph of Military Spending FY 2000 to FY 2020After considering the issue, Should the Military Budget and Defense Spending be Cut?Related Polls On WhosRight1. Do you support Congressman Paul Ryan and the GOP's 2012 Budget?2. Federal Budget: Should the Military Budget and Defense Spending be Cut?3. How Would a Government Shutdown Effect You?4. I am Sick of Unions5. Should the Healthcare Reform Act be Defunded?6. Where Would You Cut Government Spending?7. Can you Lower the Deficit by Cutting Taxes?8. Should the Republicans slash the Federal Budget Now?9. Are Higher Gas Prices Really Bad for the Economy?10.
We should be vigilant against waste in every corner of the budget. But anyone seeking to restore our fiscal health should look at entitlements first, not across-the-board cuts aimed at our men and women in uniform.Furthermore, military spending is not a net drain on our economy. It is unrealistic to imagine a return to long-term prosperity if we face instability around the globe because of a hollowed-out U.S. military lacking the size and strength to defend American interests around the world.Global prosperity requires commerce and trade, and this requires peace. But the peace does not keep itself. The Global Trends 2025 report, which reflects the consensus of the U.S. intelligence community, anticipates the rise of new powers—some hostile—and projects a demand for continued American military power. Meanwhile we face many nonstate threats such as terrorism, and piracy in sea lanes around the world. Strength, not weakness, brings the true peace dividend in a global economy.
Representative Paul Ryan (R-WI), House Budget Committee Chair, unveiled the The Path to Prosperity Restoring America's Promise which outlines the proposed 2012 GOP Budget Plan which is estimated to lead to $6.2 Trillion in spending cuts over a ten year period. Ryan argues the GOP Budget Plan will "limit government growth and give it to the states." FY 2011 House GOP Budget CutsSecurity - no cuts in spendingGlobal Wars - no cuts in spendingNon-Security Cuts = $923 Billion over 10 years; this includes:Health and Human ServicesEducationHousing and Urban DevelopmentJustice AgricultureMedicaid Cuts = $735 Billion over 10 yearsMedicare Cuts = $389 BillionHealthcare Cuts = $1.4 TrillionSocial Security Cuts = $11 BillionOther Mandatory Spending Cuts = $1.8 TrillionCuts on Senior AssistanceCuts to Welfare and Food StampsCuts to HousingDrop the Corporate Tax Rate from 35% to 25%Personal Income Tax Rates: based on President Obama's own Commission, the following was recommended:8%15%23%Government Spending FY 2010Discretionary Spending FY 2010 = $1.3 Trillion = 38% of Total SpendingSecurity Spending FY 2010 = $815 Billion = 63% of Total Discretionary SpendingIncludes:Department of DefenseOverseas Contingency Programs; andHomeland SecurityNon-Security Spending FY 2010 = $491 Billion = 37% of Total Discretionary SpendingHealth and Human Services = $84 BillionEducation = $64.3 BillionHousing and Urban Development = $42.8 BillionJustice = $27.6 BillionAgriculture = $25 BillionThe GOP Leadership revealed these cuts with the impression that they would lead to a cut in the Federal Deficit and Public Debt, however, according to the Congressional Budget Office (CBO), in ten years the public debt would in fact be higher than it is today.Do you Support Congressman Paul Ryan and the House GOP's 2012 Budget?Related Polls On WhosRight1. Federal Budget: Should the Military Budget and Defense Spending be Cut?2. How Would a Government Shutdown Effect You?3. I am Sick of Unions4. Should the Healthcare Reform Act be Defunded?5. Where Would You Cut Government Spending?6. Can you Lower the Deficit by Cutting Taxes?7. Should the Republicans slash the Federal Budget Now?8. Are Higher Gas Prices Really Bad for the Economy?9. Articles on the GOP Budget Proposal1. LAMBRO: Daring GOP stab at reining in overspending2. U.S. Republican Budget Sets Likely Ceiling for Defense Spending3. GOP budget plan freezes federal pay through 20154. Representatives Defend Joint Strike Fighter Program Against 'Irresponsible' Budget Cuts5. U.S. Fiscal Meltdown in Spitting Distance: Laurence Kotlikoff
Ariz. Gov. Jan Brewer signed an emergency bill Friday allowing the cash-short state to seek a federal waiver to temporarily remove nearly 300,000 people from its Medicaid rolls in the first such request by a state. If granted by the administration of President Barack Obama, the waiver would let the state scale back coverage to near that of most other states and save $541.5 million, making it the single biggest element in Brewer's plan to eliminate a projected $1.1 billion shortfall in the next state budget. Brewer said Medicaid's explosive growth is unsustainable and threatens to consume the core functions of state government. The Arizona House and Senate approved the authorization requested by Brewer on Thursday amid questions about whether the waiver request would be approved by the Obama administration, and if the legislation would survive an anticipated court challenge. ( this was a voter approved addition for medicaid recipients)
If granted by the administration of President Barack Obama, the waiver would let the state scale back coverage to near that of most other states and save $541.5 million, making it the single biggest element in Brewer's plan to eliminate a projected $1.1 billion shortfall in the next state budget.
Brewer said Medicaid's explosive growth is unsustainable and threatens to consume the core functions of state government.
The Arizona House and Senate approved the authorization requested by Brewer on Thursday amid questions about whether the waiver request would be approved by the Obama administration, and if the legislation would survive an anticipated court challenge. ( this was a voter approved addition for medicaid recipients)
The only consistent message from the Republican party this year has been to cut taxes and lower the deficit, but is this even possible? It makes no sense to me. If you collect less money than you spend, then you are going to increase the deficit. They say that they will cut spending, but where? If they proposed to cut military spending, I would think they were actually being honest. However, they propose cutting programs that are in place to help those Americans less fortunate than others...this will never happen. They have the audacity to call people who need a helping hand from their fellow brothers and sisters of America "lazy" and not wanting to work. They sometimes call themselves the Christian party, yet they are the first to step on the poor. They call themselves the Christian party, but are more interested in building and expanding our use of weapons of mass murder than giving a fellow American and human being the ability to afford health care. Do you think it is possible to lower the deficit and cut taxes at the same time?
While the U.S. Postal Service will still operate and federally funded programs such a VA benefits and Social Security could only experience delays and issues in processing new claims, the many ways that a shutdown could effect U.S. citizens' livelihoods and deal a crippling blow to our economy are looming as threats of a shutdown on Friday, April 8 grow stronger. By midnight on this fateful Friday if the infamously divided Congress cannot pull together to agree on a budget to finish out the fiscal year, "very real effects on services the American people rely on as well as on the economy as a whole," will result from the shutdown, Office of Management and Budget Deputy Director Jeffrey Zients told reporters at the White House today. How will a shutdown effect your day-to-day life? Please share your story in the comments, below.Sources: How Will a Federal Government Shutdown Affect Californians? By Jessica Levinson and Federal Government Shutdown 2011: Possible Effects Of A Shutdown By Dean Praetorius
A recent publication, Minimum wage is worth less than in 1968, states "[a]djusted for inflation, the minimum wage was worth $8.54 per hour in 1968, according to calculations by the Economic Policy Institute. The current minimum wage is $7.25 per hour." This means the minimum wage of today is worth $1.29 less per hour what would it be in 1968. With this in mind, the following estimated losses in spending power holds true: $10.32 a day$51.60 a week$206.40 in a four week, 20 working day monthFor the working class, that live check to check, $200 a month is a lot of money. Should the Federal Minimum Wage be Adjusted to take into account spending power?
Wisconsin unions will destroy the economy, just as they have Detroit. Praise to the Govenor who is taking on this issue with good intent and plausible measures. The cities don't have any money. Two choices....lose your job or take a pay cut ( in the form of 12% benefit participation ). I pay over 20% and don't get paid a teachers salary of over $100,000 a year to play for 8 months. Unions....we just don't need them anymore. What do you think? Are Unions still viable in 2011 or is it time to allow Capitalism to win back America?
Now that Republicans have control of the House of Representatives (and a firm grasp on the purse strings of America), should they immediately start slashing the Federal budget? They did in 1930, throwing the United States (and the developed world) into the Great Depression. Will the past mistakes of the GOP repeat themselves?