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Thread: Key republican bolts from debt ceiling talks

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    Re: Key republican bolts from debt ceiling talks

    a HALF TRILLION DOLLARS of waste, most of it in the last 2 years

    march 1:

    All told, the GAO targeted as much as $510 billion on 583 potentially duplicative, wasteful programs overseen by roughly 182 government agencies and offices, stretching across the federal government, from the Department of Defense to Transportation to Health & Human Services. The GAO found that some of the duplication dates back to 2002, but most came in fiscal years 2009 to 2010 and going forward.

    The GAO found as much as $200 billion in duplicative spending going out the door over the next decade on 2,100 data centers alone. Sen. Tom Coburn (R-Okla.) requested the report, and has said “it makes us all look like jackasses.”

    The GAO’s list dovetails with work already done on this waste by the Congressional Budget Office (see below). Last year, FOX Business found $1.5 trillion in fat marbled through government.

    For instance, the U.S. has 15 different agencies overseeing food-safety laws, 25 separate programs on health information systems, and 80 programs for economic development. The GAO says there are potentially 35 duplicative programs on infrastructure. And it questions the $58 billion spent annually on 100 surface transportation projects.

    Also, Congress has routinely failed to at minimum probe and then stop redundant programs. The GAO says just five of 47 job training and employment programs had been evaluated for efficiencies. “Little is known about the effectiveness of most programs,” the GAO said in its report. The government also spent $62.5 billion on 18 food assistance programs, but “little is known about the effectiveness of [11 of the 18 programs] because they have not been well studied,” the GAO said.
    GAO Finds Massive Waste, Duplication - FoxBusiness.com

    incidentally, according to treasury, cap and trade which fortunately is dead would have cost producers and consumers "$200 billion a year or $1,800 per american household"

    no more money for managers so morose

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    Re: Key republican bolts from debt ceiling talks

    they're losing it, #'s 1 and 3 in house leadership

    Pelosi: Debt Largely Accrued by George W Bush

    Clyburn: Obama Doesn't Have "Time" For Debt Negotiations | RealClearPolitics

    keep up the pressure, gop, remember reykjavik
    Last edited by The Prof; 06-24-11 at 10:27 AM.

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by lpast View Post
    I agree and im a republican...they refuse to cut the billions in subsidies that corporations recieve and instead want tax cuts for only the richest americans and corporations....subsidize them and give them tax cuts....whats wrong with this picture
    Will taxing industry reduce unemployment?
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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by American View Post
    Will taxing industry reduce unemployment?
    It's not taxing industry. It's getting rid of subsidies and loopholes, which are something that a real fiscal conservative would be opposed to - because in reality that's picking winners and losers. Subsidize one corporation but let the other out in the dust - leave them all to do what they need to do without government aid, and without getting gigantic tax receipts from Uncle Sam and not paying anything.

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by The Prof View Post
    a HALF TRILLION DOLLARS of waste, most of it in the last 2 years

    march 1:



    GAO Finds Massive Waste, Duplication - FoxBusiness.com

    incidentally, according to treasury, cap and trade which fortunately is dead would have cost producers and consumers "$200 billion a year or $1,800 per american household"

    no more money for managers so morose
    Quote Originally Posted by The Prof View Post
    they're losing it, #'s 1 and 3 in house leadership

    Pelosi: Debt Largely Accrued by George W Bush

    Clyburn: Obama Doesn't Have "Time" For Debt Negotiations | RealClearPolitics

    keep up the pressure, gop, remember reykjavik
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    Key republican bolts from debt ceiling talksThread has a topic. It's not a place for random link dumps.
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    Re: Key republican bolts from debt ceiling talks

    Democrats want to blame GOP for what the dems did .Dems have controlled congress for 7 years and the white house for almost 3 year

    Dick Durbin, Chuck Schumer Accuse GOP Of Sabotaging Economy For Political Gain


    They also say this

    Geithner: Taxes on

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    It's not taxing industry. It's getting rid of subsidies and loopholes, which are something that a real fiscal conservative would be opposed to - because in reality that's picking winners and losers. Subsidize one corporation but let the other out in the dust - leave them all to do what they need to do without government aid, and without getting gigantic tax receipts from Uncle Sam and not paying anything.
    My sense is that if this was a fairminded review of tax deductions like the deficit committee called for there would be less angst. Instead what we have is Pelosi and company taking shots at specific industires they do not like.

    This type of scapgoating has been used effectively by democrats over the last 2 plus years, but people may be getting tired of it.

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by Gargantuan View Post
    But that's the thing. Your GOP won't agree to cutting subsidies and loopholes. That is the discussion here. Raising taxes = raising revenue. Cutting these things will raise revenue. Eric Canter is a partisan hack who will not even agree to take a hit. We democrats are agreeing to cutting from our base, the lower middle class and middle class. The republicans won't agree to cutting subsidies and loopholes from theirs, even though they even control one part of the process (house)
    And this is owing to the fact 236 Republican representatives have signed Grover Norquist's Pledge not to raise taxes nor eliminate tax reduction without corresponding tax cuts.

    http://www.atr.org/userfiles/Congres..._pledge(1).pdf

    http://s3.amazonaws.com/atrfiles/fil...dgesigners.pdf

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    Re: Key republican bolts from debt ceiling talks

    My problem with the Republican is they are far more interested in getting their ideas across. They want to cut spending by a substantial amount of money which may be very unpopular with the Democrats, but they are not going to compromise as far as the wealthy tax cut is concerned.

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    Re: Key republican bolts from debt ceiling talks

    Quote Originally Posted by OpportunityCost View Post
    Walking away from the talks is a bit of an exaggeration, moving onto the next phase would be more accurate...melodrama and hyberbole aside.
    Really? You wouldn't characterize two key Republican figures getting up and abruptly leaving negotiations as "walking out?"

    Vice President Joe Biden and a handful of lawmakers had been working on a budget-cutting deal that would allow Congress to sign off on continued borrowing, but Republicans quit unexpectedly after saying the group had reached an impasse over tax increases sought by Democrats.

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