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When Cuts Aren’t Really Cuts

February 27, 2013 by  

When Cuts Aren’t Really Cuts
PHOTOS.COM

There has been much wailing and teeth gnashing coming from members of the elected class over the sequester “crisis” they invented for themselves. You hear from their propaganda arm mainstream media that the consequences of the sequester occurring will be dire. It’s all political theater.

Let’s put things in perspective. The “cuts” aren’t cuts as people outside of the Beltway understand cuts, and they aren’t really more than spit in the ocean. It’s evidence there is no stomach among the elected class for making any cuts of significance in government spending.

The total “cuts” amount to $995 billion over 10 years. According to the Congressional Budget Office, $55 billion per year will be sequestered from defense and $37 billion per year will be cut from non-defense discretionary spending. These cuts are factored in after inflation adjustments and more than $1 trillion of defense and non-defense discretionary spending is exempted. When all is said and done, there will be an actual $110 billion increase in spending, according to the CBO.

If it were really a cut and not Washingtonian doublespeak, cutting $95 billion from a budget that spends more than $3.5 trillion is the equivalent of cutting just $9,500 from an annual budget of $350,000.

When the rubber meets the road, here’s all you really need to know. The U.S. government is already in default. It has no intention of paying off its debt. It’s just that few people are willing to believe it.

Printing press make-believe paper money is not money, and the government only pretends to pay. This is the nonsense ruining the American people — that is, all who refuse to buy gold and silver. So far, only 1 percent of Americans own any gold or silver.

What about people who buy gold? They tend to be conservative, work hard and save. Gold owners pay taxes, while more than half of Americans pay no income taxes at all. Gold owners believe that they are on one side and the government is on the other. They clearly understand that the government is engaged in undeclared war on the American people.

The government is destroying the wealth of Americans through devaluation. In reality, this is transferring without payment wealth from the American people to the elite.

Bob Livingston

is an ultra-conservative American who has been writing a newsletter since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • http://gravatar.com/plfprime GALT

    When the rubber meets the road, here’s all you really need to know.

    Are you sure?

    The U.S. government is already in default. It has no intention of paying off its debt. It’s just that few people are willing to believe it.

    Clearly a matter of “full faith and credit”……..sounds a bit like “religion” or rather a “cult” that hasn’t caught on yet.

    Printing press make-believe paper money is not money, and the government only pretends to pay.

    Seems to work though………

    This is the nonsense ruining the American people — that is, all who refuse to buy gold and silver.

    There is that…….and a good thing too…….

    So far, only 1 percent of Americans own any gold or silver.

    and 1% own 80% of EVERYTHING! ( see Brandon Smith, character traits of really objectively evil people. ) Would these be the “same people”?

    What about people who buy gold?

    They tend to be distracted by bright and shiney objects?

    They tend to be conservative, work hard and save.

    All that “global elitist” plotting does tend to make you break a sweat……..but this is getting rather confusing……..and even if the two groups are not the same 1%, that would account for just 2% of everyone……must be a heavy load carrying the other 98%?

    Gold owners pay taxes, while more than half of Americans pay no income taxes at all.

    Not 98%……doesn’t having to pay a tax on income, require having income to tax?

    Gold owners believe that they are on one side and the government is on the other.

    Sounds like a religion…….or a cult, that hasn’t caught on yet? But wait……..here’s a “novel” idea……..why don’t you hard working “gold owners” simply deprive us of all your hard work…….show us how much we need you……take your ‘gold’…..and run away and hide someplace………. ( see Ayn Rand ) That’ll teach us………”Is our children learning?”

    They clearly understand that the government is engaged in undeclared war on the American people.

    I wouldn’t stand for it!!!!!!!!

    The government is destroying the wealth of Americans through devaluation. In reality, this is transferring without payment wealth from the American people to the elite.

    So, would that be the 1 % to the 1%, who own the 80%? This clearly calls for some “education” or some “therapy”……

  • Grandpa David

    But government wants more. They are seriously looking at confiscating your 401k and IRA. Trillions of dollars to buy votes. Think they wouldn’t? They confiscated Social Security money in the 60′s.

    • eddie47d

      The Democrats won’t be honest with themselves and raise the Social Security tax and age limit for fear of upsetting the recipients (votes). The Republicans won’t take a scalpel to defense spending for fear of losing Conservative votes. If Obama was a little more serious he wouldn’t be dreaming up new programs and ways to spend money. Neither party is credible anymore and can’t think beyond the next election.

      • Grandpa David

        Neither party credible anymore ,but they are not equally bad. The worst one intends to destroy free enterprise aka Cloward-Piven. It is easily seen if you know what to look for. Even O’Reilly and Krauthammer can’t admit to themselves that Obama is out to destroy. They think he cares about a legacy of a renewed economy, no , he sees his legacy as replacing our economy with a central planning socialist state. The whole country = one big Obamacare.

      • momo

        Gee eddie47d, I think you’re getting some wisdom in your old age.

      • Don 2

        Grandpa David,

        You are right on the money here regarding Obama.

        When it comes to O’Reilly, who has lost credibility, I think that he is more concerned with his television ratings than anything else, and tries to stay in the middle and appease a wider audience in order to lure more viewers from the left. I watched him in the past, but no longer.

    • Walter & Renee Agard

      what you are saying, they are doing it now, and that’s not right. that is our money and they should not touch any of it .

    • Texas Ride

      Grandpa, the plan is to eventally confiscate everything, if these treasonous criminals are not stopped. The non-believers won’t take it seriously until they are grubbing through garbage for a morsel. And, the progressives on this site think they will be taken care of (and they will, but not they way they hope.)

  • Flashy

    Mr. Livingston. There are times when i shake my head at some of the articles you pen. Take this sequester. First, the current spin by the right wing radicals is “it’s a drop in the bucket and is too small to have any effect.”

    This would be a point, if cuts were intelligently targeted and not across the board for each and every program the sequester calls for. Then there are expenditures which are “locked’ in funding and won’t be affected. For example, there’s this airport that receives $150,000 per year. it has no hangars, no control tower, one runway, and averages one private plane a week (mostly for restroom stops…i kid you not. Per the Airport Manager quoted in the news). There is a serviced airport 20 miles distant which receives the traffic and has full facilities. The funding is locked in per legislation passed in 2005. There is strong opposition in Congress to any cuts to this funding. Would you care to guess what state? Care to guess the opposition to cutting the funding? Oklahoma. And it’s strong seniority clad delegation. TPers all.

    But, let’s discuss the sequester cuts. 45% of the budget is not affected. SS, Medicaid, Ag subsidies, Medicare, etc are not affected..per the deal the house GOP stated was 98% of what they wanted when they gave strong support to the Sequester deal.

    The fiscal year runs through Oct of this year. So the annual cuts are squeezed into 8 months.

    The military is 33% of the budget. With the compression caused by the untouched entitlements, it will have 13% slashed from the next 8 months budget.

    Discretionary spending makes up the rest. 22% of the overall budget. Of that, almost half is mandated state funds such as welfare, unemployment etc.. Leaving the rest subject to the remainder of the Sequester cuts. Payments to states, regulatory etc etc

    EVERY economic forecast states the sequester cuts will shave 1/2 to 1% off GDP for 2013, raise unemployment half a percent, and place us in danger of another recession. You may deny it all you desire, reality won’t change because you write it off as having no effect..

    Now…ask the radical extremists who cry “cut cut cut” one question. What exactly would you cut, y how much, and what would be the effect? You know as well as I that question will go unanswered. because they cry and whine, and have no solution. The wacked simpletons who make up the TP would whine even more when they realize they would have to face the music themselves…it’s not ‘everyone else but us” who would feel the pain. Reality is, targeted cuts and revenue increases are the intelligent planned way we should proceed.

    What you call for is what Europe did. Britain now facing a triple dip recession, the EU is struggling just to stay afloat, Japan reeling. The BRIC nations resorting to monetary shenanigans to keep their currencies from collapse. That is what fiscal austerity gets you cutting spending during financial straits. That is what the extremists in Congress won’t admit as they play to the fears, the angers, and the ignorance of the radical right base.

    I know you realize that the Libertarian/TP/American Taliban has had their 15 minutes of fame and are now being marginalized out of the circles of decision making. And in their struggles to make a final stand, they want to bring down the system and prevent recovery…a recovery which will destroy any chance they have at gaining back power. Their only hope is the recovery efforts fail and they can prevent wise, intelligent decisions which will bring us back to health. Radicalism thrives when times are uncertain and the future is cloudy.

    Do your readers a favor Mr. Livingston…ask the hard questions from the extremists. What would they cut, how much, and what would be the real and actual effects? Not snowed over effects minimizing the bad and hyping unlikely to occur good.

    You can’t do it, we both know it. Not without immediate real hard pain which the crazies won’t accept. Because then it will be them who suffer alongside everyone else. And accepting responsibility isn’t a strong point with the radical right.

    • Jim B

      The House passed a proper spending path (twice) but the Lead Tic said ‘don’t even bother, I WILL VETO ANY ATTEMPT to STOP SEQUESTRATION’. The Senate (lead by the Democrats, Harry Reid) has decided to heed the POTUS at his word, and has made no attempt to create a bill, or at minimum take up the two House bills in a floor vote to properly control sequester spending reductions (NOTE: NOT A CUT!) Get your foot out of your mouth, and your head out of your arc for just a few minutes and take a deep breath of reality!

      • Flashy

        taking a break from reality Jim? The two bills that Boehner spoke about yesterday were introduced in the past Congress…and are dead because they were from a different Congress. In fact, both bills were DOA when sent to the Senate as they contained far more in them than any ‘cuts’ to the budget. Heck, they weren’t even labeled as budget bills.

        The last budget bill for a fiscal year was sent by the House in may of 2012. it failed to pass the Senate as the Senate rejected to social surgery in the bill fail in favor of the spending levels agreed to during the 2011 debt ceiling debate. The now faced Sequester cuts the house has now decided is a disaster caused by President Obama.

        Note the 2012 bill had far more drastic cuts in it, was implementing a variety of social measures acceptable only to the far right ‘religious’ nutcase contingent, and was passed on a pure party vote during the height of the primary season.

        Now…for giggles…care to show when the President said “I WILL VETO ANY ATTEMPT to STOP SEQUESTRATION’.” ? I know…reality and facts always get in the way of a good right wing crazy rant.

        Fact is, budget bills are initiated in the House. A minor matter called for in that ‘quaint document’ the Constitution (so referred to by Bush II and the conservatives back in the mid 00′s). fact is, if the House had passed and sent to the Senate any budget bill even the House thought was halfway serious…you’d have known about it at the time and there would have been a battle. Fact is….the House failed in doing anything but placing us in crisis after crisis because they couldn’t propose any solutions. the only thing the house cold do is renege on any deal Boehner tried to cut with the administration an they are exceedingly good at saying ‘no’ and being petulant when asked to come up with any solid specific budget solutions.

    • Sirian

      Flasho,
      It appears to me that you obviously and honestly don’t, or better yet – won’t willingly attempt to understand “BASELINE BUDGETING”. No wonder. . .

      • Flashy

        Sirian…I’m aware of that GAAP for government budget forecasting. Why would you ask?

      • Sirian

        I didn’t ask Flasho, I merely stated. . .

      • Vigilant

        Sirian, you’re absolutely correct, and Flashy’s non response is amusing. He wouldn’t know zero-based budgeting if it hit him in the face. Nor does he understand (nor care) that baseline budgeting is what is killing this country.

      • Flashy

        Vig…puleeze. If i recall correctly, that became the government budgeting practice post Vietnam. it cme about to keep services at a level to match inflation, population growth, and need. I don’t like it, but i can see why it was done to prevent a Congress of administration from going hog wild and enforcing a sudden change based upon ideological and not social/security need. It does have the theory of government growth to maintain pace population inflation etc and assumes a growing budget. If i recall, Reagan had no objection to it as he ballooned the deficit sending and debt in his terms, neither did Bush I. When Clinton and Gingrich had their famous showdown, it was a center of controversy as the deal they cut to implement their Work for Welfare program ran into heavy opposition.

        I can well see how a program would benefit from the accounting practice, as well, I can see the reason and merit for it. What i would support and see society’s benefit if there were a hybred Sunset provision to programs.

        Unless the program is meant to be permanent and funded … aka SSI or medicaid…

        Say there was a decision by Congress to create a program called Flasy’s Mission for Reclamation of Reduced Females and it was initially funded for…$100 million. It would then increase as the accounting assumptions provided. Unless Congress had legislated it would cease to exist in a time set…then at year 10 it had to be renewed by Congress in a positive act…i.e. a bill only for the renewal of that stellar orthwhile program. if Congress did nothing, then the budget as then existing would be frozen. No increases whatsoever from that point on. For a period of 5 years. If by that time Congress had not acted, the program would cease to exist.

        That ten year period would allow it to show its merit or demerit (and could always be sbuffed by Congress if not having a set time of existence). The remaining five year period would allow for at least two political cycles to pass and ideological purity would not be the basis for shutting it down.

        How’s that/ .

    • SequesterIsOverblown

      Flashy, you clearly didn’t do your homework: Obama said he would veto any attempt in November 2011. Now he is backpedaling. https://www.youtube.com/watch?feature=player_embedded&v=mWEvs1UBnSk

      • Flashy

        President Obama said he would veto any attempt to undo the Sequester deal if it didn’t deal with a solution that would put the country’s debt situation on a sustainable path to recovery. they got 98% of what they wanted in agreeing to the Sequester deal. Then they tried to back out of the deal and protect their favorites…the wealthy, big Corporate America, and the military.

        The House came up with….hmmmm…what did they come up with?

    • Grandpa David

      Flashy, you say things that are false, you are obsessed with the Tea Party, and you are unnecessarily sarcastic and vindictive to people on a personal basis. Therefore people dismiss your comments.

      • Flashy

        “Flashy, you say things that are false, you are obsessed with the Tea Party, and you are unnecessarily sarcastic and vindictive to people on a personal basis. Therefore people dismiss your comments.” <–grandpa david

        Grandpa…What exactly do i write that is false? i make every attempt to state facts , and opinion is opinion. Obsessed with the TP? Errr…have yu read most ofthe posts in this site where the TP is cast as the greatest patriotic movement since sliced bread? And its ideology cast as true as the Second Coming of JC ? As for vindictive…you may have missed what trash that's tossed at me. besides, is it wrong when someone comes across as wacked and crazed as a member of an asylum to say they come across as a member of an asylum?

      • http://www.boblivingstonletter.com/ Bob Livingston

        Dear Flashy,

        You write: ” Errr…have yu read most ofthe posts in this site where the TP is cast as the greatest patriotic movement since sliced bread? And its ideology cast as true as the Second Coming of JC ?” Hyperbole, obfuscation, straw man and deception, thy name is Flashy.

        Best wishes,
        Bob

      • Flashy

        Mr. Livingston…i stand by my statement. you may deny reality, but reality remains…

      • Flashy

        Mr. Livingston….for your reading pleasure…and i would be confident in saying i could grab at least one or more like this per day from this site if you wish more …

        “old hillbilly says:
        February 27, 2013 at 9:37 am

        It’s all about parasitology – don’t feed them & they’ll go away.

        TP people are differrent
        If parasites come to take what we produce & saved, we make them go away with nothing – their choice – face down or retreating the other way… it’s nature’s law. (God’s law) We can survive without nanny, because we’re real people who aren’t afraid to help other real people who value life and the blessings God gave us.
        We don’t soil or desecrate public possessions, nor yours.”

    • Rich

      flashy
      Let’s agree on what can be cut.Foreigh aid .We have no money.feds have no right to be invoked with education close dept of Ed .cut the EPA budget down to 2006 level of spending .
      The energy dept job was to get us off foreign oil .close it down
      How’s that for starters

      • Flashy

        “Let’s agree on what can be cut.
        Foreigh aid ”

        Depends on what is targeted for cutting. i wouldn’t cut just for sake of cutting. Some cutbacks would be in order, but some are necessary. military foreign aid should be reviewed, especially to areas such as S America and some areas in Africa. i’d say there’s perhaps 255 there that may be able to be scaled back.

        “feds have no right to be invoked with education close dept of Ed ”
        There we may have a disagreement. Ask the states about those funds and if they should be cut. I’d venture you’d not find many folks who would say yes to that. No Child left behind ws a disaster and, in effect, federalized schools. I would wholeheartedly support doing away with that fiasco. The entire dept? No…i’d say you’re cutting off needed funding and epertise to schools and the states. Revamp the department? maybe… what is ti with the Dept. of Ed you specifically object to?

        “.cut the EPA budget down to 2006 level of spending .”

        You realize the effect this would have? i would fight tooth and nail against this. That was one problem with the Bush II/Cheney regime. They erased many of the regulatory oversight on business…and then cut the number of regulators to enforce the remaining regs. No oversight and industry ran wild. What is it specifically that you object to with the EPA?

        “The energy dept job was to get us off foreign oil .close it down”
        Actually, the Energy Department was given the job of efficient management of our energy resources and to push the frontiers of getting us off oil as the main source of energy. Even today, every time it steps out of the sphere of coal, gas, oil it gets attacked by the Right and the carrion it pays for in Congress. I’d say give it more freedom to operate and get us off oil, gas, coal as our main sources of energy and to push the frontiers of alternative sources. not only solar, wind water…but battery storage and recharging, fusion and hydrogen and other sources which will bear fruit in 20-50 years

        How’s that for starters”
        You seem to want to look behind and go back..i look ahead and want to move forward. The only ‘starters” we can agree on without more discussion is we both want to move. Can you name any team in any sport that won a championship moving back?

      • TML

        Flashy says, “Depends on what is targeted for cutting. i wouldn’t cut just for sake of cutting.”

        With a country in debt by more than 16 trillion, and an annual budget deficit over 1 trillion; at what point is providing aid to other countries even considered sane? What aid would be considered “necessary” and why?

        Flashy says, “Ask the states about those funds and if they should be cut. I’d venture you’d not find many folks who would say yes to that. No Child left behind ws a disaster and, in effect, federalized schools. I would wholeheartedly support doing away with that fiasco. The entire dept? No…i’d say you’re cutting off needed funding and epertise to schools and the states. Revamp the department? maybe… what is ti with the Dept. of Ed you specifically object to?”

        As you pointed out, it has federalized schools. Education is not an enumerated power of central government. They have no business funding or providing pseudo-expertise to schools or to the states for education – and the best argument for that is programs like you just agreed are disasters.

        “.cut the EPA budget down to 2006 level of spending .”
        Flashy says, “You realize the effect this would have? i would fight tooth and nail against this. That was one problem with the Bush II/Cheney regime. They erased many of the regulatory oversight on business…and then cut the number of regulators to enforce the remaining regs. No oversight and industry ran wild. What is it specifically that you object to with the EPA?”

        You sound like you object and would fight tooth and nail out of preconceived notions and a personal dislike of Bush. Interesting; the 2012 EPA budget was $8,449,385,000. In 2006 it was $7,617,416,000… a difference of $831,969,000… and Flashy thinks the sky would fall. Never mind that the budget in 2010 was $10,297,864,000 before dropping to $8,682,117,000 in 2011. You’re a whiner Flashy.

        Flashy says, “You seem to want to look behind and go back..i look ahead and want to move forward. The only ‘starters” we can agree on without more discussion is we both want to move. Can you name any team in any sport that won a championship moving back?”

        Ah yes, the progressive march forward regardless of the means of doing so. You’re like the teenage girl that would infinitely spend herself into debt as long as she looks good and drives a nice car, and think she actually moved forward. It’s not about going “backward”, it’s about living within ones means.

      • Texas Ride

        TML, who cares what Flasho says or thinks!

        He is a bammie zombie and doesn’t even make sense if you are keeping up with events.

    • TML

      Spin, spin…

      Flashy says, “EVERY economic forecast states the sequester cuts will shave 1/2 to 1% off GDP for 2013, raise unemployment half a percent, and place us in danger of another recession. You may deny it all you desire, reality won’t change because you write it off as having no effect..”

      The point of the matter is that overall spending will increase so the cuts are not really cuts at all. That’s fact. Economic forecasts are not fact, they are speculation. But even if true, and there is a significant effect; so what? The overall budget actually increases. It’s like giving a teenager a credit card, letting them spend more and more every day, and then listening to the spoiled brat whine and stop her feet when you try to even slow it down, much less stop the continuous increase in spending.

      America has become a bunch of whining spoiled brats.

      If my household was in debt, and my budget in a deficit, then I would cut things needed to balance it even if I didn’t like the results of doing without internet or cable, or cutting down on electric usage, etc.

      Honestly, I’m not worried about the sequestration. I was more concerned about Obama’s stupid tax increase that I see out of every paycheck, that I could be putting back in the economy rather that assist his crazy ideas that this country doesn’t have a spending problem.

      Flashy says, “What would they cut, how much, and what would be the real and actual effects?”

      First thing on the list… Foreign Aid… ALL of it. The effect? We save money and we don’t support the misdeeds of other nations that inevitably use that money against us through foolish hegemonic policy.

  • Dan Lance

    Who are the “elite”? Why don’t we just expose them and deal with the root cause?

    • Flashy

      Now there’s a good question Dan. I’d say because the TP needs your money so they won’t admit the ‘elite” are the ones giving them most of their financial aid and marketing for dollars to take yours…

    • Texas Ride

      Dan, surely you are not that ignorant! I suppose you can point out a progessive retard either.,

      • Texas Ride

        Dan: “Who are the elites?” Surely you are not that ignorant!

        I suppose you cannot point out a progressive retard either..

        What do you know?

  • Jim B

    But.. But Obama’s Eric Holder had to release 300 to 500 illegal alien CRIMINALS cause we ran out of government money to hold them! Now that’s government evil at its epitome! This type of intentional government ploy to incite panic is a film waiting for a title…like… ‘Government Armageddon, The Beginnings’ ; or ‘Sequestration Apocalypse’, or ‘Government Zombie Attack’. Sit back, crack a cold one, put on the popcorn, and enjoy the show!

    • Flashy

      Wow jim…seeing as the cuts to justice hasn’t taken yet…care to put a source for this claim about holder and this ‘release’ you claim? Making stuff up is typical for the crazed contingent…

    • eddie47d

      The thing is Jim B is that Conservatives demand that illegals be arrested but then can’t afford to keep them in jails. They demand deportation but when an illegal commits a crime jail time is a necessity like with any criminal. If you want something to be done pony up the money to get the job done. Even state government have had to release prisoners because of lack of money. Yet Conservatives keep asking for longer sentences which cost more money.

      • Jim B

        Well, you sure pulled that one out of your arc now didn’t ya!

      • Texas Ride

        Eddie there is another solution rather than releasing illegal criminal on our population!

        Americans don’t deserve to have these foreign criminals on our streets. These people are not suppose to be here, The regime is not fulfilling its constittional duty to protect our country from being invaded. It is “Treason” for our government to encourage other nations to invade this country.

      • eddie47d

        At least its working Jim..bo!

    • Johnny D

      Yes Jim you are so correct in referring to the release of the illegals as evil. That is what it is. An evil and vindicted act. And we trust this president who is in control of drones. God help us.

      • Texas Ride

        Yes, it is a vindictive act, releasing illegal criminals among the American population!

        Bammie is angry! And, each time he gets angry, he is going to respond with increased vengeance!

        Are the demons-in-waiting waking up?

  • Nano 9

    people of the United States of America – Go buy a gun, get yourself ready for war ! King obama has his zombies and he is getting more, it is simple he is feeding, clothing, housing a little over 47% of the population now, the government needs more monies to support those that choose to live off you and me, Go buy a gun !

    • Flashy

      Wow….getting a little hysterical as the influence of the TP crowd fades ….

      • old hillbilly

        It’s all about parasitology – don’t feed them & they’ll go away.

        TP people are differrent
        If parasites come to take what we produce & saved, we make them go away with nothing – their choice – face down or retreating the other way… it’s nature’s law. (God’s law) We can survive without nanny, because we’re real people who aren’t afraid to help other real people who value life and the blessings God gave us.
        We don’t soil or desecrate public possessions, nor yours.

      • Texas Ride

        When GOD returns, he will return as a Warrior!

        He doesn’t expect his followers to live in tyranny, on “bended knees.”
        Regardless what progressives believe, there is punishment for those that refuse HIM.

        Get used to the idea…

      • http://gravatar.com/plfprime GALT

        “When gods cease to be powerful, they necessarily become good.”

        Why do the retards keep missing, “My kingdom is NOT of this world.”?

      • Texas Ride

        Galt, you are doomed! There is only “One” GOD.

        There are no “Gods” (as in plural) unless you are referring to the arrogant elites that think of themselves as “Gods to rule over the masses.”

      • http://gravatar.com/plfprime GALT

        Damn, I don ‘t feel doomed……and you stop telling god what to think and what to do.

  • old hillbilly

    The problem rests in government accounting functions, beginning with GASB (Government Accounting Standards Board) – They have no standards & no stomach to enforce the good old generally accepted accounting policies, rules, & ethics. If we have a legitimate CPA firm left, we need them to audit government’s books! If we had a legitimate DOJ (Holder) that performed their sworn function, they would audit the books and begin a prosecution that would literally purge government!

    The stable dollar still applies, as well as comparability, consistency, materiality, checks and balances, ethics, disclosure, etc. The accounting side has an obligation to disclose and condemn deception (fraud)! GASB has an obligation to discipline and expel members who violate those basic rules, but they are silent and compliant with corruption!

    Presenting a “budget” cut as a spending cut is fraud! Comingling 10 year period 1 trillion data solutions to solve 1 year 1 trillion problems is fraud! A $100,000 solution to a trillion dollar problem leaves a $900,000 calamity at the end of 10 years! Government officials who print trillions of fake bonds and currency to devalue the wealth required to repay those bonds are committing fraud against citizens and any bond owner… which includes devaluing SSI funds values to a point of bankruptcy. The effects destroy almost all public and private pension funds. The same is true regarding consumption bond debt backed by “collective assets” that are diluted with each issue – never increasing by an incremental value comparable to the face value printed! LOOK AT THE CPI INDEX! A 1965 dollar is woth 14 cents!

  • http://yahoo Don

    how does the cut of 995 billion dollars for ten years even help? that means about 90 billion dollars a year. there is over a trillion dollar over runs every year now. the debt is endless. this thing can’t go on forever. soon the payments will be more than we have at this rate. if it is to be taken care of, totally balanced budgets would have to be implemented. seems we have to have debt to have a economy. our future is going to have no economy and this country will slip to the bottoms because of this ignorance.we will lose because of continuous debt. is total default the only way out and this country becoming the property of our debt holders

    • Texas Ride

      Don, the debt isn’t meant to ever be repaid! When the country goes into default, it will be taken over by the NWO. All the assets of this country wiil belong to “the world” (really it will belong to the “world elite rulers” that have been stealing the wealth out of our country for a hundred years.)

  • ibcamn

    Obama’s being a baby on this one!he just don’t want the finger,pointed,at him!thin skinned people with big ears are this way,”i didnt do that”…he just wants to blame republicans and us of course(in some way)anything to make it look like it wasnt him!and the cuts he’ll make are the ones that will hurt the US citizens the most,that’s what he wants to do.hurt the American people and make the republicans look bad!but don’t you dare point at him for it,carney will be quick to point that one out as he has been so often already!Obama’s a blackmailer and a child about all he’s been doing!you a$$ holes won’t give me your guns,fine,i’ll find some other way to do it so it hurts!you wont drive or buy the cars i want,fine,i’ll make it so it hurts you(tax)you wont give me your money so i’ll just have my big friends(IRS,DEM)take it!you wont give me your land,fine,i’ll just take it!your republican friends wont do it my way,fine,i’ll just ex order it myself!!

    what a whinny thin skinned baby Obama we have in the white house!!(that doesn’t know how to work)

    • Texas Ride

      Bammie is more than just a skinny, whinning, childish pervert. He is a dictator-in-chief and everyone is letting him get away with all of his “hateful revenge” that he is piling on the American people. He blames America for being successful while “his” part of the world lives in poverty by comparison. It is the fault of Americans….NOT! And, by GOD, bammie is going to “make America pay.” Why do you think that he flaunts the spending of Millions of Dollars on himself and moochey. It is part of your punishment. They are living lavishously while he tanks the economy and takes our money.

      Dictator bammie will do his best to punish anyone that won’t do exactly what he tells them to do! He is an irrational man that is consumed with the idea of hurting people and countries. Some might say that this is a form of insanity.

    • eddie47d

      Ibcamn; There are plenty of insane comments right here to make the Republicans look darn rotten themselves isn’t that a form of childish insanity? Don’t fool yourself into believing that they don’t practice imminent domain. They said full speed ahead in taking peoples land with the Keystone pipeline and alot of Texans didn’t like it. By the way the IRS also has the Republicans on their side too! Think in terms that Democrats and Republicans are quite the same on most issues.

      • independent thinker

        The way I heard it most of the Texas opposition to the pipeline was because the pipe they were going to use came from outside the US not because it was crossing their land..

      • Texas Ride

        Independent, another reason was that not only were the pipes bought out of country but the contracts were with foreign companies that were to bring in their own workers. The idea was NOT to hire Americans!

        And, eddie, Mr. Barake Insane Obama, is living up to his name, whether you admit it or not.

      • independent thinker

        Thanks Texas I had not heard about the contracts I only heard about the pipe.

  • http://gravatar.com/plfprime GALT

    How do you manage to get away with this, Bob?

    Nobody ever got rich from hard work and SAVING. Are your fingers sore and blistered
    from furious typing?

    People get rich by STEALING, LYING, CONNING…….

    First came the hard workers…..

    Then came the protectors and the whores……

    Then came the mystic’s……

    Then came the real thieves……

    Hey, you can even make money off the TRUTH from time to time……

    This is the history of the world…..

    “He who controls the present, controls the past. He who controls the past, controls the future.”

    • http://www.facebook.com/darwan.winkler.3 Darwan Winkler

      Hmmm? Quote ; ““He who controls the present, controls the past. He who controls the past, controls the future.”

      I’ll have to think on that. ~ as I see it, so many times that some people elected to win battles while losing the war.

      Mitt Romney was a perfect example of someone attempting to win every second ~ at the cost of losing the week.

      I guess if you “can” control ~ is one thing while attempting to “control” another.

      So sure! if you can control the moment, ~ you have a much better change of controlling not only today but tomorrow.

      • http://gravatar.com/plfprime GALT

        The quote is from Orwell……….it is in reference to “history” and I shall leave
        it to you to decide how much people’s understanding of “history” resembles
        the reality of it.

        As for my understanding………The winners write history…….temporarily!

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