GOP propose $5 Trillion budget cut over next decade - PowerStrokeNation : Ford Powerstroke Diesel Forum
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post #1 of 81 (permalink) Old 04-05-2011, 07:58 PM Thread Starter
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GOP propose $5 Trillion budget cut over next decade

GOP's House budget chair unveils major cuts - Politics - Capitol Hill - msnbc.com

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WASHINGTON Republicans controlling the House have fashioned plans to slash the budget deficit by about $5 trillion over the upcoming decade, blending unprecedented spending cuts with a fundamental restructuring of taxpayer-financed health care for the elderly and the poor.

Sounds like big cuts but think about this.....$5 trillion over 10 years is only $500 billion a year.....Our interest payment on the national debt is in excess of $400 billion each and every year.

This $5 trillion cut is no where near enough.

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post #2 of 81 (permalink) Old 04-05-2011, 08:25 PM
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Re: GOP propose $5 Trillion budget cut over next decade

I'll take it over the $34 billion the Dem's are standing firm on.

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post #3 of 81 (permalink) Old 04-05-2011, 08:31 PM
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Re: GOP propose $5 Trillion budget cut over next decade

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I'll take it over the $34 billion the Dem's are standing firm on.
It's $73 Billion.

Which is what the Repub's have agreed to.

Click Here

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Washington (CNN) –- Vice President Joe Biden announced late Wednesday that House and Senate bipartisan negotiators had agreed to a spending-cut target of $73 billion in 2011 budget talks aimed at heading off a government shutdown before next week, when a temporary bill keeping the government operating runs out.
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post #4 of 81 (permalink) Old 04-05-2011, 08:33 PM
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Re: GOP propose $5 Trillion budget cut over next decade

So the republicans found more and went for it

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post #5 of 81 (permalink) Old 04-05-2011, 08:45 PM
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Re: GOP propose $5 Trillion budget cut over next decade

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It's $73 Billion.

Which is what the Repub's have agreed to.

Click Here



.
Well that was the last I heard last week... But I dont get Fox News on the old antenna in the trailer...

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post #6 of 81 (permalink) Old 04-05-2011, 09:11 PM
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Re: GOP propose $5 Trillion budget cut over next decade

To bad we dont have a majority in both houses. We could just push it thru like the dems did Obamakill!

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post #7 of 81 (permalink) Old 04-05-2011, 09:20 PM
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Re: GOP propose $5 Trillion budget cut over next decade

Although 73 billion is better than nothing, but it is like trying to bail out the Titanic when it was sinking with 5 gallon buckets.

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post #8 of 81 (permalink) Old 04-05-2011, 09:26 PM
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Re: GOP propose $5 Trillion budget cut over next decade

Throw out welfare, foodstamps, bring home all the troops and aircraft carriers, make Osama keep Airforce one parked for awhile...ther's a few more trilion!!

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post #9 of 81 (permalink) Old 04-05-2011, 09:57 PM Thread Starter
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Re: GOP propose $5 Trillion budget cut over next decade

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Originally Posted by ducatirider944 View Post
Although 73 billion is better than nothing, but it is like trying to bail out the Titanic when it was sinking with 5 gallon buckets.
And you think $500b a year is really any better? Yes it is a bigger number but it only pays the interest for the debts accumulated for years past. It pays nothing towards the national deficit principal nor does it stop us from going deeper in debt.

I hope and pray this is only a start and the cuts will go deeper....but I doubt it.

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post #10 of 81 (permalink) Old 04-05-2011, 09:57 PM
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Re: GOP propose $5 Trillion budget cut over next decade

You guys in this thread are confusing the 2011 budget proposals with the 2012 budget proposals.

The whole $34 billion/$73 billion budget cuts are for the 2011 budget.... which by the way started last October. Meaning we've been running this country since October without a budget.

The $5 trillion budget cuts pertain to the 2012 proposed GOP budget. The 2012 budget begins October 1st of this year.

Now.... have fun kiddies.

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