Playing the Lyre of Budget Madness as the Empire Burns
Playing the Lyre of Budget Madness as the Empire Burns
By Washington DC standards the just concluded budget agreement for funding the federal government through September, is a big win for Republicans. Emily Miller in Human Events describes, "The final agreement will be for $38.5 billion in cuts from current spending over the remaining six months of the current fiscal year, which ends on Sept. 30. The spending cuts, although historic in size, account for only 2.5% of this year's projected budget deficit of $1.6 trillion." Here lies the obscenity of the central government; namely, that a mere drop in the bucket reduction in a historic deficit is lauded as the great achievement of compromised negotiations.
Viewing the inside partisan game and keeping score between two branches of the same corrupt party system guarantees habitual surrender to the curse of public debt. How can any far-sighted and judicious person accept that victory is defined as curbing the speed of an out of control train rushing to cross a trestle with rotten support timbers as a flood washes away the foundation of the structure? In today's twilight zone of self-delusion, the mainstream media and political apologists pontificate that the ship of state was saved from crashing upon the reef of sunken vessels. REALLY !!!
March Madness: U.S. Gov't Spent More Than Eight Times Its Monthly Revenue, points out the incontrovertible.
"The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.
During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.
At the same, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.
That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month."
The Wall Street Journal in Debt Ceiling Looms as Next Big Battle, sets up the next round.
"The divisive fight has raised concerns among lawmakers and government officials that Democrats and Republicans in Congress will find it even harder to decide whether to increase the federal debt ceiling above $14.294 trillion in the next few weeks. And after that, they will have to turn to crafting a government budget for 2012 and eventually to tackling the long-term federal deficit."
Enter Paul Ryan's proposed alternative GOP budget. Watch The $4 Trillion Man WSJ video for an analysis of a serious attempt, echoing the famous words of Winston Churchill, "Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning." If you really believe this claptrap, you must be one of those beleaguered souls who still contribute to the financial appeals of your anointed incumbents for the next election.
Ryan's own video pitch, The Path to Prosperity, honestly admits the severity of the debt juggernaut that dooms the Republic. His key points and summary are a mandatory read.
Read entire essay from BATR Archives
Discuss or comment about this essay on the BATR Forum
While buying engagement rings, care for budget and her preference Jump Manual Review-How To Jump Higher Fast Exit Splash Coupon Discount and Review World of Warcraft – Dugi's leveling guide review Review Linden Method-The Linden Method Wikipedia Pc Pandora Review-Pc Pandora Free Salehoo Review-Salehoo Vs Doba Calling Cards: A money saving affair Senuke X, The Complete Senuke X Review Reviews Of Illusion Mage-Illusion Mage Review Subliminal Mp3s Free-Subliminal Mp3s Review Reviews Of Out With Gout-Out With Gout Murray Snow Blowers Reviews