Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

 

8,300 Unique Visitors In The Past Day

 

Powered by Squarespace

 

Search The Archive Of 15,000 Videos

SEARCH THE DAILY BAIL

 

 

Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"


Get Our Videos By Email

THE FED UNDER FIRE: Must See Clip

Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
SEARCH
« Fed's Plosser Admits 'Helicopter Bernanke' Is Planning For Potential U.S. Debt Default | Main | Chrysler (Fiat) CEO Tells CNN: "U.S.Taxpayers Are Getting A Phenomenal Deal By Losing ONLY $1.3 Billion On Bailout" »
Thursday
Jul212011

Congress Never, Ever Cuts Spending

The bipartisan ‘Gang of Six’ group of Republican and Democratic Senators has been in the news with a plan to cut the deficit by $3.7 trillion over 10 years. Of that total of $3.7 in reduced deficit spending, $2.7 trillion would come from ‘cuts’ and $1 trillion from tax increases.  In Congress, both Republicans and Democrats,  remind me of Wimpy, a character in the old Popeye the Sailor Man cartoons. Wimpy liked hamburgers and he frequently said,

  • I’ll gladly pay you on Tuesday for a hamburger today.

However, with Wimpy, the payment on Tuesday never comes.  With Congress, spending cuts never come.

Unfortunately, many Americans are falling for news reports that tell of budget slashing or Draconian cuts or whatever.  Of course, the cuts are always going to come next Tuesday or next year or in 10 years, just never today.  And, any cuts that are actually put in place are not cuts at all as a real human being would view them.  Rather, they are cuts in the rate of spending growth.  That is, Congress wanted a 10% increase, but only got a 5% increase, so that’s a cut.

If you doubt me, look at actual Federal spending, not the rhetoric.  Do you see any cutting?

Continue reading at Marketwatch...

 

 

 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (4)

Where am I? And why am I in this handbasket?
Jul 21, 2011 at 11:20 PM | Unregistered CommenterInWestor
You are there because Congress thinks it's the right thing to do...
Jul 21, 2011 at 11:33 PM | Registered CommenterDailyBail
Protester expresses himself perfectly,(G20)

http://www.youtube.com/watch?v=1EAb4NFps_4

runs 30 seconds...most of you will enjoy this one...
Jul 22, 2011 at 12:11 AM | Registered CommenterDailyBail
...and yet Congress will lower Jamie Dimon's taxes.
Jul 22, 2011 at 9:45 AM | Unregistered CommenterSomething Polish

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.