Now, Ryan's is of course a couple of trillion dollars lower than Obama's over the next ten years. But what do they both have in common? They both go up. As in spending more, not less. As in, roughly $40 trillion to $45 trillion more. That's a whole lot of taxpayer money, folks.
Now why is this? It's because of something called the 'current services baseline,' which includes population and inflation increases built into the budget. Entitlements have their own formulas.
So when you hear a politician tell you they're cutting spending, they're actually referring only to reducing the growth of spending. Rarely, if ever, do they actually reduce the level of spending."
Shortened: http://gg.gg/sanity Contact: bob underscore wtf at comcast dot net
QUOTE OF THE HOLOCENE: "The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation" - V.I. Lenin -- You're welcome to point out to me any decision that Hugo Chavez Barack Obama has yet made that Lenin would quarrel with. [ crickets ]
RUNNER-UP QUOTE OF THE HOLOCENE: "When buying and selling are controlled by legislation, the first things to be bought and sold are legislators." - P. J. O'Rourke
DUAL QUOTES OF THE 20TH CENTURY: "Democracy is the theory that the common people know what they want and deserve to get it good and hard." and "The urge to save humanity is almost always a false-face for the urge to rule it." --H. L. Mencken
LAST YEAR'S QUOTE: Washington, D.C. runs "just like the mob, except it's legal," said Schweizer. "If problems are being solved, if things are going smoothly and things are being fixed, a lot of people are not going to give. The party establishments and the political leaders from both sides are collaborating a lot more than they let on," explained Schweizer."
Posts
