I'm no math wiz so feel free to double check me but with an overall budget of 3.6 trillion and a demand to cut 85 billion from it, that equals a percentage of 2.4%.

Are you kidding me?! Our elected bunch of pathetic losers can't find a way to cut 2.4%?!!!

I read the headlines of my local paper this morning and it was doom and gloom. What am I missing?....

How much would we save by cutting congressional pay by 5% and setting their pension to social security standards?

someone wrote an article exactly as i was thinking. We are being lied to and both parties are trying to scare us into thinking the sh*t's gonna hit the fan when it will not.

The sequester imposes savage spending cuts
Actually, the sequester doesn’t cut federal spending at all, or rather it cuts it only in the Washington sense of any reduction from projected baseline increases is a cut. In reality, even if the sequester goes through, the federal government will spend more every single year. In fact, in 2023 it will be spending $2.39 trillion more than it does today.

OK, but at least the reductions in projected spending are big, right?
Hardly. This year, the sequester would slow the growth in federal spending by just $85 billion, from an expected, pre-sequester budget of $3.64 trillion — less than a 2.3% reduction. To put that in perspective, the federal government borrows $85 billion every 28 days . In fact, this actually overstates the size of this year’s cuts. Because of ongoing contracts and the Byzantine labyrinth of federal budgeting, only $44 billion of that $85 billion will actually be cut from this year’s budget. The rest will be cut in future years, but attributed to this year’s budget. So, the real reduction in federal spending this year is just 1.2%. If the federal government can’t reduce spending by less than a penny-and-a-half on the dollar without throwing us into the dark ages, something is truly wrong.

Let's see... close all of our overseas bases, the locals don't want us there, think they don't need us there... Mandatory sterilization of those on the public dole, no more paying them to be lazy breeders and rewarding their lack of... Cut Congressional pay and benefits... no more pork barrel trips on the public dime... No more foreign aid, period... make prisoners earn their roof and food, no more cable tv, weight rooms, so called educational programs... no more ongoing appeals through the entire court system until a convict dies of natural causes, capital crimes means march you out the back door and execute you...

That should take care of at least 40% right there.

What I dont understand is this.They want to raise taxes on all the people that work. Therefore we have less money in our pockets. However they never want to cut entitlements so that those that dont work have less money in thier pockets.

Everyone that gets a paycheck just received a 1% increase in taxes to pay for Obama care (supposidly). I have 1% less income to live off of and spend into the economy. I would bet if they took the same 1% out of the pockets of those that receive entitlements you would have the cuts you are looking for.

This whole thing is just more stupidity created by the government (in this case OBAMA, PS, I am not for either party) to create fear and hestaria so that stupid people will vote for higher taxes.

Your Government spent 128 million dollars last year to study YOGA. We won't pay the people that protect us but I have a guy that works in my plant (he has a good paying job) and he, his wife and his two children EACH have a taxpayer paid for Obama phone. It is disgusting.

You all want to blame Obama for this and that ... when Bush caused all the problems ...
And Obama just said we are going to pay our obligations ...

You didn't have to pay an extra 1% for OBAMA care, I had $$ returned to me after Obama care went through ... its opinions opinions opinions

Oh yea Gubbamint created the sequester ... not Obama.

Cool.
Srinath.

The White House is threatening a presidential veto of a Senate Republican measure that would give President Barack Obama more authority and flexibility to find $85 billion in spending cuts this year. The measure is intended to replace the automatic across-the-board cuts scheduled to kick in Friday.

you see? obama doesn't want to cut spending. he doesn't want to compromise. he doesn't want anything except the issue to hit the other party over the head with using his friends in the media to make sure the lies are spread. if you can't find a way to cut 2.4% and will veto a bill making it easier for you to do so, well, then, that's pretty f'ing pathetic.....

Quote:


The White House could not care less if these cuts go thru. They know that their blind followers like "srinath" will blame it on Bush and the Republicans no matter whos fault it really is. Obama can stop this anytime he wants. The Republicans keep trying to work this out and the closer they get the more Obama moves the goal post "why" because he does not want it stopped.