7/12/2011

Consider no Debt increase

There seems to be more than a 2:1 ratio of the public in favor of no debt limit increase, I'm about ready to abandon the effort to increase it and then let the programs that spend more than, say 10% of the budge ,to be cut about 50% till the next election with no IOU's or change in policies  ...  It's a plan... that saves $981 with only the top level cuts

The second option is "for the Treasury Department to Prioritize", lets see how that works.

Revenue: $2,163 Billion

 Interest:             196
 Social Security   704 <900 so far>
 Medicare           446 <1,346>
 ~50% Security   407 <1,753>

      Leaving: 410 for the rest, which is:

~50% Security   407
  Non-Security   491
  Medicaid         273
  Other              644 <1815>

      Or about a 78% cut in these rest...
  


  • Appropriated (“discretionary”) programs:
Security ................................................................... 815
Non-security ............................................................ 491
                Subtotal, appropriated programs ..................... 1,306

  • Mandatory programs:
Social Security .......................................................... 701
Medicare .................................................................. 446
Medicaid .................................................................. 273
Troubled Asset Relief Program (TARP) 2 ................... –110
Other mandatory programs ......................................... 644

      Subtotal, mandatory programs ................................... 1,954

Net interest ................................................................ 196

            Total outlays ............................................................. 3,456


Receipts (billion):

Individual income taxes ................................................ 899
Corporation income taxes ............................................. 191

  • Social insurance and retirement receipts:
Social Security payroll taxes .......................................... 632
Medicare payroll taxes .................................................. 180
Unemployment insurance ................................................ 45
Other retirement .............................................................. 8
Excise taxes .................................................................. 67
Estate and gift taxes ....................................................... 19
Customs duties .............................................................. 25
Deposits of earnings, Federal Reserve System ................... 76
Other miscellaneous receipts ............................................ 21
         Total receipts .......................................................... 2,163

    Deficit ................................................................................ 1,293



See:

7/11/2011

THE FAIR SOCIETY (A blog about how to get from here to there).

Some Problems with Libertarianism
Other topics

7/08/2011

Graphic sites, July 2011