You must first understand the magnitude of the problem. To do so you need to see the budget numbers for the past five years – something that for some reason don’t seem to show up in the mainstream media. These figures are in trillions of dollars:
YEAR - REVENUE - EXPENDITURES - DEFICIT2008 - 2.66 - 2.90 - .239
2009 - 2.10 - 3.51 - 1.40
2010 - 2.38 - 3.55 - 1.17
2011 - 2.17 - 3.82 - 1.65
2012 - 2.63 - 3.72 - 1.10
Some basic things to know about these figures. 2008 was the last budget where George W. Bush was in office. Because the budget year starts in October, the transition year is 2009, when Bush proposed but Obama subsequently altered the plan. Bush’s original 2009 projection was for $2.7 trillion of revenue and $3.1 trillion in spending. Because of the bad economy in 2008 and 2009, revenues plummeted by $.6 trillion, but Obama’s reckless stimulus kicked up expenditures by $.4 trillion. This combination caused the deficit to explode, and sent us off to the races – or more properly stated, the poor house. The Feds are spending 30% more in 2011 than in 2008, without more revenue to pay for those outlays.
The 2011 budget is the one now being fought over, principally because Nancy Pelosi irresponsibly refused to hold a vote on the budget because she was afraid it would hurt her party’s election chances. Needless to say, that strategy won’t be taught in political science classes. Republicans now want to reduce spending for the remaining seven months of the budget year by a measly $.061 trillion, cuts that come from budgeted expenditures that are 7.6% higher than the prior year, when spending was already completely out of control. What should be obvious is that the $61 billion in cuts is coming from planned increased outlays, but listening to the Dems you would think that Armageddon is around the corner.
Some classic examples of proposed budget cuts and the Democratic response:
• Speaker Boehner stated that there are 200,000 more federal employees than two years ago and that this number has to be cut back. Nancy Pelosi was on the floor of the House faster than the speed of light saying that those are real people with real jobs. Somehow, she forgot to mention that they are being paid for with Monopoly money.