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REAL WORLD EVENT DISCUSSIONS
House Freshmen Double Down
Tuesday, February 14, 2012 5:46 AM
SIGNYM
I believe in solving problems, not sharing them.
Tuesday, February 14, 2012 5:58 AM
BYTEMITE
Quote:The 2011 Financial Report of the United States Government was released on December 23, 2011. It reported on the implementation of the 2011 Budget, showed a net operating cost and cash-based budget deficit for the year of $1.3 trillion. According to the Government Accountability Office, the 'accrual deficit provides more information on the longer-term implications of the government's annual operations'. Gross costs fell from $4,472 billion in 2010 to $3,998 billion, largely due to the release of accounting provisions (estimates of future liabilities), while total taxes and other revenues rose from $2,217 billion to $2,364 billion. The GAO was unable to provide an audit opinion on the 2011 financial statements due to 'widespread material internal control weaknesses, significant uncertainties, and other limitations'. As in 2010, the GAO cited as the principal obstacle to its provision of an audit opinion 'serious financial management problems at the Department of Defense that made its financial statements unauditable', highlighting also recurrent issues at the Department of Homeland Security.
Tuesday, February 14, 2012 6:25 AM
ANTHONYT
Freedom is Important because People are Important
Quote:Originally posted by Bytemite: Quote:The 2011 Financial Report of the United States Government was released on December 23, 2011. It reported on the implementation of the 2011 Budget, showed a net operating cost and cash-based budget deficit for the year of $1.3 trillion. According to the Government Accountability Office, the 'accrual deficit provides more information on the longer-term implications of the government's annual operations'. Gross costs fell from $4,472 billion in 2010 to $3,998 billion, largely due to the release of accounting provisions (estimates of future liabilities), while total taxes and other revenues rose from $2,217 billion to $2,364 billion. The GAO was unable to provide an audit opinion on the 2011 financial statements due to 'widespread material internal control weaknesses, significant uncertainties, and other limitations'. As in 2010, the GAO cited as the principal obstacle to its provision of an audit opinion 'serious financial management problems at the Department of Defense that made its financial statements unauditable', highlighting also recurrent issues at the Department of Homeland Security. http://en.wikipedia.org/wiki/2011_United_States_federal_budget
Tuesday, February 14, 2012 7:09 AM
GEEZER
Keep the Shiny side up
Quote:Originally posted by SignyM: Seriously, look at the percentages. Mandatory military spending takes up about 7% of the budget, discretionary military spending another 54% of the budget. THAT should be a WTF???
Tuesday, February 14, 2012 8:02 AM
Tuesday, February 14, 2012 9:44 AM
FREMDFIRMA
Tuesday, February 14, 2012 9:58 AM
Quote:Originally posted by SignyM: Indeed. That's the way I calculated it... I wanted to show what the percentages would be IF we held spending to only the mandatory part. You're right, it's not 7% + 54%, it's some what less than that, but not by a whole lot, since discretionary military spending makes up such a huge part of the budget and that 54% is the main driver of the numbers.
Quote:So, here are the categories, followed by the percentage of the budget which is "mandatory", and the percentage of the budget which is "discretionary". For example, National Defense mandatory spending currently accounts for 0.31% of the total budget, but discretionary defense spending accounts for 54.45% of the total budget.
Tuesday, February 14, 2012 5:45 PM
1KIKI
Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.
Tuesday, February 14, 2012 5:57 PM
Wednesday, February 15, 2012 7:26 AM
NIKI2
Gettin' old, but still a hippie at heart...
Quote: President Bush increased government spending more than any of the six presidents preceding him, including LBJ. In his last term in office, President Bush increased discretionary outlays by an estimated 48.6 percent. During his eight years in office, President Bush spent almost twice as much as his predecessor, President Clinton. Adjusted for inflation, in eight years, President Clinton increased the federal budget by 11 percent. In eight years, President Bush increased it by a whopping 104 percent. http://mercatus.org/publication/spending-under-president-george-w-bush blows my mind that the current Repubs say "Yes, under Bush we screwed up, but NOW...." and PEOPLE BUY IT! We are such a short-term-memory population, sometimes it blows my mind. And of course, for all the ranting, SSI, etc., look so bad because they were ROBBED so many times...almost as if someone wanted it that way...hmmmm...
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