Administration Pegs Long-Term Deficits at $9 Trillion
The mid-year review from the Office of Management and Budget, released Tuesday, estimates that the 2009 deficit will be $1.58 trillion, which is $262 billion less than officials predicted earlier in the year. But the 10-year projection rose to $9 trillion, while the Congressional Budget Office estimated the 10-year deficit at $7.1 trillion.
Click link for the full article: http://www.foxnews.com/politics/2009/08/25/ administration-pegs-long-term- deficits-trillion/
This is Adam's rant after he read the above linked article. Told him I would put it on our blog for you all to have a look at though you may need to grab a bucket to puke in first. This is not a very fun article thus the not so fun rant from Mr.C a.k.a Adam..
And they want to spend *more* money. I know it's a complex situation, but to me the solution just seems obvious: start eliminating spending, first with things that just plain aren't needed, and then start reducing more budgets, and keep going until you're balanced. There are so many things that could be eliminated without affecting the quality of life, and places to spend money that will result in growth later. Take NASA for example ... I love NASA, and I would hate to see it go, but I would rather have a balanced budget (and they could still use a small fraction of the current NASA budget to fund prizes and grants for commercial space development ... I think that's where the future of it is, anyway, and they have a much bigger incentive to be economically efficient). And welfare. Imagine how much money could be saved with a revamp of the welfare system - stop giving any money or any aid of any kind to illegal citizens (other than life-threatening emergency care, which should be dealt with and then the patient deported as soon as it's safe), and unless a person is so disabled that they can never work, put strict time limits on how long someone can receive aid, and transfer some of that budget to educating those people, either helping them find a job or helping them develop skills for a job / better job (and if they don't do their job in job-hunting and/or self improvement, they immediately stop receiving aid). Spend the money to close the Mexican border more completely - and deport aliens, especially non-contributing aliens - and watch unemployment go down and more money stay in circulation in the country; or at *least* adopt a strict, harshly enforced, pay taxes or be deported policy (and by the way, deportations should be paid for by the deportee wherever possibly, but they should not be put in prison if they can't pay - better to pay for their plane ticket then to have them contribute to the over-crowding of jails and have to pay for their housing and food there. Another side note - working daily with jails, I am shocked to see how many illegal aliens are in prison, and that the feds pay insane amounts of money to the local/state jails/prisons for housing them in the form of the SCAAP grant). Also stop nationalizing / partially nationalizing banks, auto companies, and healthcare. Ever hear of capitalism? It's a pretty darn good system, and one of its advantages is that if a company has bad practices and can't manage themselves, they GO AWAY. You don't save a dieing company by throwing "one time" money at them. As a government, you don't save them at all - that is the executives' job, and if it does fail, it's simply not the government's problem. When it comes to business, the government's job is to ensure they comply with regulations / ethics (though some of that needs work too), it is not their job to keep them in the green.
OK I know I'm ranting but come *ON*. It's past time to make some hard decision, cut what needs to be cut, spend where necessary and where you get a return on investment, and introduce some EFFICIENCY into the government (so long as I'm dreaming, I might as well dream the impossible, right?). I'm not a financial expert or even close to it, at all. So maybe some of my points are wrong. But the fact is that some things need to be done, and they aren't happening. And in particular, one thing I can be sure of is that with the federal budget standing as it is, it does not make sense to spend more money on a system (healthcare) which may not be perfect, but which is working well enough.
-Adam
0 comments:
Post a Comment