Obama is promising us multi-trillion dollar budget deficits on course to create about $8 trillion in new debt by 2017. Since we conservatives are aghast at this, it does fall to us to say what we’ll cut. So, taking the President’s budget we cut.
$20 billion for loans and grants for rural development.
$119 million for purchasing new Forest Service lands.
$6.9 billion for rural water treatment, internet connection, Forest Service facilities and home loans.
$230 million for NOAA habitat restoration.
$180 million for National Institute of Science and Technology facilities.
$50 million for the Economic Development Administration.
$2.5 billion for Action Completion and Incentive Fund.
$1.6 billion for Dept. of Energy basic science.
$3.4 billion for carbon capture.
$6 billion for cancer research.
$63 billion for the “down payment” on socialized medicine.
$1 billion for comparative effectiveness research.
$1.1 billion for the “Zero to Five” program.
$47.5 billion for the Dept. of Housing and Urban Development (department closed)
$420 million for the Land and Water Conservation fund.
$1.4 billion for the Office of Detention Trustee.
$13.3 billion for Dept. of Labor (department closed)
$35 billion from Dept. of Transportation (bit less than 50% reduction).
$3 billion from EPA (removing proposed increase).
$1.1 billion for Corporation of National and Community Service.
$1.4 billion CVN-21 program.
$2.2 billion DDG-51 program.
$4 billion SSN-774 program.
$1.3 billion Evolved Expendable Launch Vehicle.
$120 billion for 10%, across the board reductions in proposed increases.
So, I’ve cut $336 billion from the President’s proposals. I’m sure that in the far details we can cull enough to round it out to $500 billion in savings. Still means we have outlays of $3.09 trillion and expected revenues of $2.3 trillion – a $700 billion or so shortfall. So, just where to we scare up $700 billion on short notice?
Well, Uncle Sam owns 650 million acres of land – about 30% of the total US land area. Should be able to sell 10% of that, or 65 million acres, at $1,000 per acre (on average), there is $65 billion dollars.
There has got to be a couple hundred billion in continental shelf and other oil/natural gas leases.
It is said that the very wealthy hold about $20 trillion in wealth – land, trust funds, yachts…that sort of thing. Stuff which doesn’t get taxed because its not income. This is the wealth of Ted Kennedy, Jay Rockefeller, George Soros…you know, the fighters for the little guy in liberal politics. Well, its time for them to pony up and put their wealth where they have proposed to put our income…in to government, their great friend and benefactor of all Mankind. We’ll need about $450 billion from them – so, pay up, my wealthy friends. Its patriotic, don’t you know?
On the other hand, we can go for a round of tax cuts of various types to kick-start the economy (uh, we’re still keeping those $500 billion in spending cuts, boys and girls)…so, either Ted gives up the yacht to cover the deficit, or the American people are able to keep more of their money. Your choice, liberals.
Discuss.
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