How much spending needs to be cut / How much revenue needs to be increased - PowerStrokeNation : Ford Powerstroke Diesel Forum
 
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post #1 of 6 (permalink) Old 02-24-2011, 02:40 AM Thread Starter
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How much spending needs to be cut / How much revenue needs to be increased

Our current outstanding debt is roughly $13.5 trillion

http://www.treasurydirect.gov/govt/r...ebt_histo5.htm

Interest payments are roughly $400 billion yearly

Government - Interest Expense on the Debt Outstanding

Budget / deficit / income

2011 $3.8 T / $1.5 T / $2.5 T
2010 $3.6 T / $1.3 T / $2.1 T
2009 $3.1 T / $1.4 T / $2.1 T
2008 $2.9 T / $455 B / $2.5 T
2007 $2.8 T / $165 B / $2.5 T
2006 $2.7 T / $260 B / $2.4 T

United States federal budget - Wikipedia, the free encyclopedia
History of Deficits and Surpluses In The United States
Historical Federal Receipt and Outlay Summary

To keep the status quo but not go negative - income must increase by $1,500,000,000,000 (current year defecit) + $400,000,000,000 (interest payment). That is $1.9 Trillion a year which is nearly DOUBLE current revenue.

If we return to 2006 spending levels - income would need to increase by roughly $600 billion a year just to keep from going negative.

How about if we actually want to attack the debt. Say 5% a year + interest

Current revenue would need to increase by $600 B (5% of debt) + $400 B (interest) + $1.5 T (deficit) = $2.5 T

2006 spending levels - revenue would need to increase by $200 B (deficit) + $600 B (5% of debt) + $400 B (interest) = $1.2 T

Just a couple thoughts;

The current House is attempting to cut $60 billion from the current spending bill, that is chump change in comparison

The CBO states there will be a $125 B savings over 10 years due to the new health care bill...that is only $12.5 B a year....chump change in comparison

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post #2 of 6 (permalink) Old 02-24-2011, 02:58 AM
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Re: How much spending needs to be cut / How much revenue needs to be increased

Here ya go everyone, you can fix the budget yourself.

Budget Puzzle (click here)

.

Never have so many politicians, screwed so many Americans...just to make one black person lose his job.
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post #3 of 6 (permalink) Old 02-25-2011, 06:30 PM
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Re: How much spending needs to be cut / How much revenue needs to be increased

This is worth everyone paying attention to.

I went thru the "Budget Puzzle" and although it would hurt there was tons of crap in there that needs to go away. From my perspective it would be quite easy to balance the budget if the Legislators could stop playing favorites for a while and just applied fairness and logic.

I'm officially...Stroke-less.
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post #4 of 6 (permalink) Old 02-25-2011, 11:14 PM
Yeah, it's like that
 
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Re: How much spending needs to be cut / How much revenue needs to be increased

Where is the make Welfare harder to get box? Or the not get unemployment for 2 yrs box?

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
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post #5 of 6 (permalink) Old 02-26-2011, 05:26 PM
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Re: How much spending needs to be cut / How much revenue needs to be increased

Good call Duc!

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post #6 of 6 (permalink) Old 02-26-2011, 06:12 PM
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Re: How much spending needs to be cut / How much revenue needs to be increased

The easy fix would be.............kick everyone out of the house, white house, and other places of power, and get rid of the federal goverment (they waste a lot of money and then say we dont know where it went) they say there is no files to show were it went...... Cut goverment welfare pay out. Get rid of the CRP program. Disaster payments to farmers. (Its not the goverments fault if us farmers cant manage are land and make it give good crops) Stop giving out Grants to people to do stupid tests.. (One example on person got millions of dollars in grants to test COWS for the green house gasses) We could go on and on and on and on and on and on and on and on and on ando and on. But get no where. why complian on a thread about the goverment. what we need is Action

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