Mandatory Spending to Exceed all Federal Revenues — 50 Years Ahead of Schedule

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[ARCHIVED THREAD] - Mandatory Spending to Exceed all Federal Revenues — 50 Years Ahead of Schedule

VooDoo3dfx

Supreme Commander of the Forces of the Underworld

Joined Apr 2003
Posts 24710
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USA

Posted: 3/16/2011 1:28:08 PM EST

We have now gotten to the point — as I noted yesterday — where if national defense, interstate highways, national parks, homeland security, and all other discretionary programs somehow became absolutely free, we’d still have a budget deficit. The White House Office of Management and Budget projects that in the current fiscal year (2011), mandatory spending alone will exceed all federal receipts. So even if we didn’t spend a single cent on discretionary programs, we still wouldn’t be able to balance our budget this year — let alone pay off any of the $14 trillion in debt that we have already accumulated.

http://www.weeklystandard.com/blogs/mandatory-spending-exceed-all-federal-revenues-fiscal-year-2011_554659.html

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Phil_A_Steen Posing a clear and present danger to propane tanks Joined Dec 2001 Posts 12753 EE Offline NY, USA	Posted: 3/16/2011 1:30:26 PM EST Well clearly we need to raise taxes on the rich
	Some people like seven grain bread . . . I like 55 grain lead.

TerribleTom Just some dude Joined Mar 2007 Posts 14287 EE Offline OR, USA	Posted: 3/16/2011 1:33:23 PM EST Originally Posted By Phil_A_Steen: Well clearly we need to raise taxes on the rich Absolutely. The spending must go on.
	Don't let anybody else grind your pepper, chop your garlic or squeeze your lemons. You learn something new every day whether you like it or not.

Lightning_P38 Team Member Joined Mar 2002 Posts 11450 EE Offline GA, USA	Posted: 3/16/2011 1:33:38 PM EST Sounds like it is time to rethink the notion of "mandatory" spending, and rethink it really fucking quick.

4v50

Member

Joined Nov 2000
Posts 20494
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CA, USA

Posted: 3/16/2011 1:37:52 PM EST

Virtually all politicians are panty-waisted softies who don't have the backbone to trim, trim, trim.

Let's get rid of Bureau of Labor & Statistics. They're all liars anyway who cook the books to deliver the desired political results.
Let's get rid of the Department of Education. Education has been going downhill since the government got involved.
Let's get rid of the TSA. Privatize them.
Let's get rid of the Dept. of Energy. Since its creation by Carter, dependence on foreign oil has increased.
Let's get rid of FEMA. Let the states handle it.
Let's privatize social security or allow those who want to to opt out.

So many places to cut, so few politicians willing to do it.

http://www.sharpshooterpress.com for the best book on sharpshooting.

xwarp Member Joined May 2007 Posts 2319 EE Offline AZ, USA	Posted: 3/16/2011 1:39:39 PM EST damn, only 50 years? that ain't that long......
	"And as long as we live in this society we must adapt or perish. Or at least avoid being charged with some idiotic crime we never commited or intended to commit. " EdAvilaSr : http://www.ar15.com/archive/topic.html?b=1&f=5&t=1007902&page=5

Cypher15

Member

Joined May 2007
Posts 13469
EE Offline

MD, USA

Posted: 3/16/2011 1:42:06 PM EST

Originally Posted By 4v50:
Virtually all politicians are panty-waisted softies who don't have the backbone to trim, trim, trim.

Let's get rid of Bureau of Labor & Statistics. They're all liars anyway who cook the books to deliver the desired political results.
Let's get rid of the Department of Education. Education has been going downhill since the government got involved.
Let's get rid of the TSA. Privatize them.
Let's get rid of the Dept. of Energy. Since its creation by Carter, dependence on foreign oil has increased.
Let's get rid of FEMA. Let the states handle it.
Let's privatize social security or allow those who want to to opt out.

So many places to cut, so few politicians willing to do it.

we HAVE to cut entitlements. it really is the only way

Coyote with 40 people crammed into a minivan gets into a chase with DPS, Paco over estimates his driving abilities and *whmmo!* the Astrovan of Immigration becomes a Pinata of Pain, hurling broken bodies like so many tasty pieces of cheap candy...

Russ68 مغمور نذ Joined Feb 2007 Posts 412 EE Offline WI, USA	Posted: 3/16/2011 1:45:44 PM EST Originally Posted By xwarp: damn, only 50 years? that ain't that long...... Actually, it's worse than that... The White House Office of Management and Budget projects that in the current fiscal year (2011), mandatory spending alone will exceed all federal receipts. The drain, we are circling it...

Mach I got nothin Joined May 2006 Posts 8997 EE Offline USA	Posted: 3/16/2011 1:52:13 PM EST [Last Edit: 3/16/2011 2:32:42 PM EST by Mach] I am a little confused. The entitlements already pay out more than all of the federal revenue and that was for 2010. SS, Medicare, Medicaid and welfare was 2.3 trillion in 2010. All fed revenue was 2.1 trillion. Am I missing something? ETA: yea, I am missing what the article said. I misunderstood it.
	“Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves.” William Pitt, 1783:

JmPnTX Member Joined Apr 2008 Posts 2125 EE Offline TX, USA	Posted: 3/16/2011 1:53:43 PM EST This is my shocked face.
	[charlie sheen] I'm not bi-polar, I'm bi-winning! [/charlie sheen]

TexasDoubleTap Hydrocarbon Hoodlum Joined Jul 2009 Posts 4753 EE Offline TX, USA	Posted: 3/16/2011 2:21:15 PM EST It's cool, nothing to worry about. We can't pay for hand outs (please stop calling them entitlements, no one is entitled to anything) And soon we won't even be able to pay the INTEREST on our debt. Joy.
	"Fear was what stood between a man and an extraordinary life, and the surest way through it was to stare it down over and over until that gaze became habit." - Pat Tillman Story

giacutter The Original Smoking Man Joined Mar 2003 Posts 9197 EE Offline USA	Posted: 3/16/2011 2:31:50 PM EST You guys worry too much. Just enjoy your free Obamacare. We'll print whatever money we need. A loaf of bread my cost $1000, but hey, we'll be able to pay the interest on our debt.
	A thin veneer, indeed.

[ARCHIVED THREAD] - Mandatory Spending to Exceed all Federal Revenues — 50 Years Ahead of Schedule

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