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Old 02-01-2011, 03:35 PM   #1
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Obama's budget cuts made easy

Sometimes, big numbers are just big numbers. Obama gave his cabinet 90 days to cut $100 million in spending. What does that really mean?





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Old 02-01-2011, 03:47 PM   #2
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I think it means he's cutting the budget like it said he would do.

"$100 million here, $100 million there, pretty soon even in Washington it adds up to real money.....None of these savings by themselves are going to solve our long-term fiscal problems. But taken together they can make a difference and they send a signal that we are serious about changing how governments operate," ~ Obama
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Old 02-01-2011, 03:59 PM   #3
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I think it means he's cutting the budget like it said he would do.

"$100 million here, $100 million there, pretty soon even in Washington it adds up to real money.....None of these savings by themselves are going to solve our long-term fiscal problems. But taken together they can make a difference and they send a signal that we are serious about changing how governments operate," ~ Obama
I guess you did not watch the video.
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Old 02-01-2011, 04:00 PM   #4
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Damn, that's a lot of pennies. Also, the value of those pennies are going to sink harder once all the QE schemes the FED is doing are over.
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Old 02-01-2011, 04:08 PM   #5
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Excellent visual !


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Old 02-01-2011, 04:28 PM   #6
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Good visual - I hope both Dems and Reps watch it, because neither side understands.

That said, LLoyd, sushi next week? I am flying in.
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Old 02-01-2011, 04:29 PM   #7
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I guess you did not watch the video.
I watched it... It's a great example of how much of a difference every little thing can really make, and like Obama said it's going to take more than just one.

What it's not, is all budget cuts, past and future... and it doesn't take into account the 13% reduction in spending over the last year. Overall, if we look at any single budget cut like this, we will see it's a fraction of the budget - so not really a good example to look at.
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Old 02-01-2011, 04:41 PM   #8
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Good visual - I hope both Dems and Reps watch it, because neither side understands.

That said, LLoyd, sushi next week? I am flying in.
I might be able to sneak out to meet you. goodgirl gets here Sunday, and she doesn't do sushi, so would have to work around it.

Gabe wants to meet on Saturday if you will be here by then.

In the meantime, I passed a Gu Gu milestone.










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Old 02-01-2011, 04:48 PM   #9
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Very good visual representation!!!
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Old 02-01-2011, 04:58 PM   #10
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Old 02-01-2011, 05:21 PM   #11
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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that
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Old 02-01-2011, 05:26 PM   #12
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Who Said: "We will go through our Federal budget, page by page, line by line, eliminating those programs we don't need."????

According to the Cato Institute, who stated the words in the title of this post? Congressman Ron Paul, that crazy libertarian type out of Texas? Somebody out of that wacky tea party crowd? One of those nut case Fox News hosts? No, those words were stated by President-elect Barack Obama in 2008

Read more: http://society.ezinemark.com/who-sai...#ixzz1ClDV7Oik
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Old 02-01-2011, 05:30 PM   #13
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Rand Paul has introduced a bill to cut the budget by $500 billion. Only 1/3 of a budget deficit. People are flipping out about his proposed cuts. To think people are flipping out over cutting down our budget 1/3 of the deficit makes me wonder how sane those people who are flipping out are.
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Old 02-01-2011, 05:35 PM   #14
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I love it. Everyone is going off about the need to cut US spending, but almost no politicians will suggest cutting military spending. The US spends more on its military than all other countries combined (I think). You might want to step that down a notch. You can already blow up the world 80 times over within 30 minutes, so you're good, nobody is going to fuck with you.
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Old 02-01-2011, 05:40 PM   #15
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I watched it... It's a great example of how much of a difference every little thing can really make, and like Obama said it's going to take more than just one.

What it's not, is all budget cuts, past and future... and it doesn't take into account the 13% reduction in spending over the last year. Overall, if we look at any single budget cut like this, we will see it's a fraction of the budget - so not really a good example to look at.
You realize it would take 20 cuts to eliminate one stack in that example, right?
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Old 02-01-2011, 05:51 PM   #16
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You realize it would take 20 cuts to eliminate one stack in that example, right?
I figured it would take 1000's of cuts to get it down to where it should be... That's what line-by-line is, it's not one big slash... it's lots of micro slashes. It's not like any Congress is going to simply slash it like it needs to be, so logically you take away little bits at a time until you get it down... rather than fighting over one giant slash that will never happen.
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Old 02-01-2011, 05:53 PM   #17
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Who Said: "We will go through our Federal budget, page by page, line by line, eliminating those programs we don't need."????

According to the Cato Institute, who stated the words in the title of this post? Congressman Ron Paul, that crazy libertarian type out of Texas? Somebody out of that wacky tea party crowd? One of those nut case Fox News hosts? No, those words were stated by President-elect Barack Obama in 2008

Read more: http://society.ezinemark.com/who-sai...#ixzz1ClDV7Oik
Line-by-line is exactly what he has been doing for two years.. it's not one big slash, it's many of them.
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Old 02-01-2011, 07:08 PM   #18
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damn that looks tasty...
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Old 02-01-2011, 07:12 PM   #19
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I love it. Everyone is going off about the need to cut US spending, but almost no politicians will suggest cutting military spending. The US spends more on its military than all other countries combined (I think). You might want to step that down a notch. You can already blow up the world 80 times over within 30 minutes, so you're good, nobody is going to fuck with you.
It is time to bring ALL our troops home. Lets start with Germany (and the rest of Europe) and Japan then go from there.

While we are at it we should cut off all foreign aid. We can not afford to borrow money to give it away.
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Old 02-01-2011, 07:12 PM   #20
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That's a pretty cool video, nice explanation !
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Old 02-01-2011, 07:13 PM   #21
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btw, from a socialistic point of view you just gotta move the blue line more to the right by cutting tax benefits for some people and raise taxes for everyone else ;)))

and voilá - less problems
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Old 02-01-2011, 07:16 PM   #22
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btw, from a socialistic point of view you just gotta move the blue line more to the right by cutting tax benefits for some people and raise taxes for everyone else ;)))

and voilá - less problems
Good laugh thanks!
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Old 02-01-2011, 07:17 PM   #23
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Good laugh thanks!
you're welcome - i was already afraid someone might take me seriously
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Old 02-01-2011, 11:51 PM   #24
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I suddenly want sushi... not sure why.
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Old 02-02-2011, 05:03 AM   #25
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Old 02-02-2011, 05:42 AM   #26
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Title 18 United States Code, Section 331

If that boy has fraudulent intent, he's going to get into trouble for destroying that penny. ;-)
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Old 02-02-2011, 05:44 AM   #27
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Title 18 United States Code, Section 331

If that boy has fraudulent intent, he's going to get into trouble for destroying that penny. ;-)
Oh it has to do with fraudulent intent? I just assumed those penny press machines got away with it, because it was only a penny....
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Old 02-02-2011, 08:00 AM   #28
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If we are spending a 16th of a 'penny' unnecessarily we should not bother to stop spending it that way because it's a small amount?
That doesn't make much sense. We are more likely to save money by cutting 100 programs that cost 1/4th of a penny each than by eliminating programs that cost 25 pennies in their entirety.

The real question, which matters far more than what we can cut is this:
What can we spend those pennies on that will earn more pennies than it costs?
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Old 02-02-2011, 09:33 AM   #29
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Well done!
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Old 02-02-2011, 09:58 AM   #30
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this vid shows the point!
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