Spending Cuts Are Mostly Fiction

Only in Washington could you get away with referring to both spending hikes and tax hikes as spending “cuts.”

(Page 2 of 2)

The duplicity doesn’t even end there. A few weeks ago Treasury Secretary Timothy Geithner claimed the administration had made $600 billion in spending cuts to entitlements. That claim was based on what the administration calls savings in mandatory programs. But as the AP notes, those “savings” included elements such as $60 billion in added revenue from a “financial crisis responsibility fee” and another $27 billion in “increase[ed] employee contribution[s]” to federal retirement programs.

In other words: tax hikes.

Only in Washington could you get away with referring to both spending hikes and tax hikes as spending “cuts.” Perhaps it’s time those inside the Beltway stopped getting away with it.

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  • Pro Libertate||

    What's absurd isn't that the kleptocrats do it. What's absurd, nay, surreal, is that we continue to tolerate it. Not that I want a violent solution to our current problems, but if this crap had been tried earlier in American history, there would've been violent insurrection.

  • Paul.||

    Insurrections only happen when government shrinks. See: Europe.

    Cats chasing dogs...

  • JW||

    Cats chasing dogs...

    Mass hysteria!

  • mr simple||

    Yes, it's true. This man has no dick.

  • ||

    Only in Washington could you get away with referring to both spending hikes and tax hikes as spending “cuts.” Perhaps it’s time those inside the Beltway stopped getting away with it.

    That would require educating those with no desire to learn.

  • OldMexican||

    In nominal terms, that's a 30 percent increase [in tax revenues] — in seven years — despite the tax cuts.

    Trouble is, during the same period spending grew even faster, from $1.8 trillion to $2.7 trillion (a 50 percent increase).


    See? See?? That's prima facie evidence that "we" cannot "afford" those tax cuts!

  • Raven Nation||

    Touche

  • Adamsmith1776||

    Why expose the truth when it might shut down the bread and ciruses? Instead, the best lack all conviction, while the worst are full of passionate intensity to spend, spend, spend in the name of compassion and righting all wrongs.

  • OldMexican||

    The Center for American Progress, for instance, claims "nearly three-quarters" of deficit reduction to date results from spending cuts.

    But that's highly debatable.


    Most of the shit coming from the Center for American Progress is highly debatable. Those shysters are nothing more tha peddlers of misinformation and propaganda.

    First, there has been no deficit reduction to date. The deficit reduction being discussed supposedly will take place over the next few years.


    And the key concept here is deficit reduction, not even close to elimination, which means the next years will still see ballooning budgets.

  • R C Dean||

    The Center for American Progress, for instance, claims "nearly three-quarters" of deficit reduction to date results from spending cuts.

    But that's highly debatable.

    If by "highly debatable" you mean "an outright lie", I would agree.

    The real fun begins when interest rates begin to rise, leaving us with high 9 figure interest expense. And that's being optimistic.

  • JW||

    The Center for American Progress? Founded by John Podesta?

    No, not a front for the DNC, not at all. Nosiree.

  • Sevo||

    "Obama demands quick action to raise debt limit"
    "They [the GOP] will not collect a ransom in exchange for not crashing the economy,"
    IOWs, give me what I want! I'd love to see the asshole hold his breath.
    Read more: http://www.sfgate.com/news/pol.....z2HyNjDBIP

  • playa manhattan||

    $20k will only buy you a 3 day trip to disneyland

  • Paul.||

    Austerity!

  • Pro Libertate||

    "No, fuck you, cut spending."

  • some guy||

    Which is good because you will already have been driven insane by day 2.5.

  • MacKlingon||

    There are a lot of similarity’s between Washington and Disneyland.

  • The Late P Brooks||

    We could move the entire Department of Energy into the Department of Defense. Talk about your budget cutting; an entire cabinet level organization gone, just like that!

  • JW||

    But, but...JOBZ!

  • Rich||

    Never fear, JOBZ will be saved or created by the consolidation. Just think, for example, of all the new signs and letterhead that will have to be designed and printed.

  • Rich||

    "Design" a "sign". Hee-hee!

  • JW||

    I saved over $1,000,000 this year by cancelling my planned around-the-world tour, staying and eating in only the finest hotels and restaurants, of course.

  • some guy||

    I saved the government $800,000,000,000,000,000 by not becoming President and executively ordering a Death Star.

    It's impossible to win at this game...

  • mr simple||

    A strange game. The only winning move is not to play.

  • some guy||

    Agreed. Seasteading it is!

  • ||

    So, Obama says he "won't negotiate" with GOP on spending cuts.

    So, the GOP should simply go ahead and let all of the sequester cuts happen.

    If Obama doesn't want the sequester to happen, he has to negotiate with the GOP. And the debt ceiling is oging to be part of that negotiation, inevitably.

    The best thing for the GOP to do (IMO) would actually be do nothing. Wait until the last minute to increase the debt limit and (in exchange) allow the sequestration cuts to take place. All of them.

    The weak link in the GOP are the defense hawks in this case, because they will want to cut a deal. And they'll want to get something in exchange for cancelling the cuts. And they won't get anything. They'll end up with a total cancellation of the sequesteration and a debt ceiling increase, and absolutely nothing to show for it in entitlements.

    Obama has signaled, pretty strongly just now, that entitlement reform is off the table. The onyl way any cuts are going ot happen is to let the sequestration take effect.

  • Paul.||

    The best thing for the GOP to do (IMO) would actually be do nothing

    Do-nothing congress!

  • ||

    Wait until the last minute to increase the debt limit..

    The deadlines are meaningless. Passed the debt limit deadline by a day? Congress can just raise it the next and spend whatever's necessary to make up for the previous day. Same with sequestration. The pathetic thing is that Congress and Obama are probably stupid enough to think the deadlines matter.

  • Sevo||

    "The pathetic thing is that Congress and Obama are probably stupid enough to think the deadlines matter."

    I doubt it. Pretty sure both of them are using it for political PR. 'See, I saved you from....'

  • The Late P Brooks||

    Obama says he "won't negotiate" with GOP on spending cuts.

    As Krugabe said yesterday, "You don't negotiate with TERRORISTS!"

  • ||

    If we reform entitlements, the terrorists win.

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  • ||

    By failing to print 100 quintillion dollars and spend them, Obama has cut 100 quadrillion dollars from the budget, averting a major crisis and putting us on that path to responsible, sensible, balanced government

  • Pavel K||

    "This sounds absurd—because it is."
    What kind of argument is that?

    How else you can cut spending other than not spend what you've planned? There's no 'undo' button in the real world and one cannot un-spend money already spent.
    One can argue that if the 'plan' were fiction to begin with (as in, the family in question never even intended to go to the Disneyland) this spending plan itself was bogus, so the spending cut is bogus too.

    Barring this, the whole premise of this article is absurd.

  • Snarkonin||

    Uuuuh, you could spend less than you make. Or you could overspend less. Or you could spend nothing at all. Any way you slice it, trying to get credit for saving money when you spent more than you did last year by saying "well I WAS going to spend Elevendy-bazillion dollars so 9 bazillion ain't so bad" is ludicrous. But then again, so is expecting anything else from the clowns in Washington.

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