The only reason I bring this up is because I think the nation has to consider what is occurring as the electorate makes decisions.
President Barack Obama today sent to Congress a proposed defense budget of $671 billion for fiscal 2012. (click here)
This note is from 2011, I actually believe the Defense Budget is more than that today, but, for this purpose this is fine.
Let's just say the Defense Budget Cuts are 10% as the President stated today.
So, that means there is $67 billion reduced from the budget for the remaining year, until, January 1, 2014, when another $67 billion will be cut.
So, after March 1, 2013 the Defense Budget will be $604 billion after a reduction of $67 billion.
The cuts on January 1, 2014 will be more than 10%, but, that isn't what the focus is here. This is just a perspective to provide a reason to understand the future of the national budgets.
In 2013 the reduction was 10%.
Now, assuming the military budget is not increased by cost overruns and all that mess by January 1, 2014, the $607 billion will become $537 billion.
In 2014 the reduction will be 12%.
The same dynamic assuming there is no increase in defense spending by January 1, 2015 the military budget will be $470 billion.
In 2015 the reduction will be 14%.
That continues until the final cuts of 2022.
By the time the final cuts of 2022 are complete, the military budget will be $1 billion dollars US.
This is not a solution for the USA. Damage is being done to our country with these arbitrary cuts. There needs to be reductions in pork barrel spending, but, not destruction of the country's infrastructure.
$1.2 trillion in cuts over 10 years is $112 billion per year.
The Sequester was suppose to provide incentive to both the Democrats and the Republicans to get real about cutting the national debt. The obstruction to handling this 'task' was never to occur and now that it has the Republicans are using it as a political tool.
The Budget Control Act needs to be repealed and real cuts in ways that does not destroy the infrastructure of the country is what is needed.
- 02/26/13 03:29 PM
...“We have a law that’s in effect. (click here) It’s call sequestration. Those cuts will go forward. They’re all cuts. I think we need some revenue to take the pressure off everybody. The American people agree with me, and until there’s some agreement on revenue, I believe we should just go ahead with the sequester,” Reid said.
Reid panned a proposal floated by Senate Republicans to give the administration more flexibility to manage the impact of the $85 billion in automatic cuts.
“Republicans are under the false concept that this so-called 'flexibility,' which is a nice-sounding word, gives the bureaucrats who would wind up doing this more money. It gives them no more money. Zero,” he said...
.
Cutting the USA Budget to reduce the National Debt is not going to work. The country will enter a recession and it will be one we may not recover from if this law continues to exist.
It is unfortunate that the Republicans took us down this road in order to raise the debt ceiling. It was a wayward exercise.
President Barack Obama today sent to Congress a proposed defense budget of $671 billion for fiscal 2012. (click here)
This note is from 2011, I actually believe the Defense Budget is more than that today, but, for this purpose this is fine.
Let's just say the Defense Budget Cuts are 10% as the President stated today.
So, that means there is $67 billion reduced from the budget for the remaining year, until, January 1, 2014, when another $67 billion will be cut.
So, after March 1, 2013 the Defense Budget will be $604 billion after a reduction of $67 billion.
The cuts on January 1, 2014 will be more than 10%, but, that isn't what the focus is here. This is just a perspective to provide a reason to understand the future of the national budgets.
In 2013 the reduction was 10%.
Now, assuming the military budget is not increased by cost overruns and all that mess by January 1, 2014, the $607 billion will become $537 billion.
In 2014 the reduction will be 12%.
The same dynamic assuming there is no increase in defense spending by January 1, 2015 the military budget will be $470 billion.
In 2015 the reduction will be 14%.
That continues until the final cuts of 2022.
By the time the final cuts of 2022 are complete, the military budget will be $1 billion dollars US.
This is not a solution for the USA. Damage is being done to our country with these arbitrary cuts. There needs to be reductions in pork barrel spending, but, not destruction of the country's infrastructure.
$1.2 trillion in cuts over 10 years is $112 billion per year.
The Sequester was suppose to provide incentive to both the Democrats and the Republicans to get real about cutting the national debt. The obstruction to handling this 'task' was never to occur and now that it has the Republicans are using it as a political tool.
The Budget Control Act needs to be repealed and real cuts in ways that does not destroy the infrastructure of the country is what is needed.
- 02/26/13 03:29 PM
...“We have a law that’s in effect. (click here) It’s call sequestration. Those cuts will go forward. They’re all cuts. I think we need some revenue to take the pressure off everybody. The American people agree with me, and until there’s some agreement on revenue, I believe we should just go ahead with the sequester,” Reid said.
Reid panned a proposal floated by Senate Republicans to give the administration more flexibility to manage the impact of the $85 billion in automatic cuts.
“Republicans are under the false concept that this so-called 'flexibility,' which is a nice-sounding word, gives the bureaucrats who would wind up doing this more money. It gives them no more money. Zero,” he said...
.
Cutting the USA Budget to reduce the National Debt is not going to work. The country will enter a recession and it will be one we may not recover from if this law continues to exist.
It is unfortunate that the Republicans took us down this road in order to raise the debt ceiling. It was a wayward exercise.
