View Poll Results: Is this ''realistic'' in it's presentation

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  • Yes, although it is over simplification of budget cuts

    4 66.67%
  • No, this kid has no idea what he is talking about

    1 16.67%
  • He is somewhat correct, but here's a crucial error he made

    1 16.67%
  • I don't know and I don't care - I am apathetic and a sorry excuse for a tax paying citizen!

    0 0%
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Thread: Is 100 million that much of a cut?

  1. #1
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    Is 100 million that much of a cut?

    Watch the following video and tell me your thoughts.

    It's an overly simplistic view of overall budget cuts - but how 'real' is this?


    Visualizing Obama's budget cuts. [VIDEO]

    No - this is not a professionally made video. It's my understanding a college student made this, but I want to know what you think about the basic premise.


    Thoughts?



    Edit to add: yes, I know this is old, but I'm still curious. Thanks.
    Last edited by TheGirlNextDoor; 04-23-10 at 08:00 PM.
    Fool me once, shame on you.
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    Re: Is 100 million that much of a cut?

    Well, he's essentially right that if you want to significantly affect figures concerning national debt, trade, deficit spending, etc. you have to work with billions, and possibly even trillions.

    100 million is piddly when the government is concerned.

  3. #3
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    Re: Is 100 million that much of a cut?

    I think it's a good example but doesn't explain the full aspect of things. But for a minute and thirty second video I thought it was good. The real truth is that $100 million is like nothing. It's a skin flake on the epidermis of government spending. I think we can save billions if we simply run things more efficiently. It's not just deficit neutral though, we need to have a surplus that we can use to repay our debts.

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    Re: Is 100 million that much of a cut?

    It is a drop in the bucket compared to our deficit, and why we never have real spending cuts. It is impossible to balance the budget without cutting either medicare, social security or military. Since those are sacred cows nobody has the guts to touch, nobody ever lowers spending in any kind of meaningful way. Everyone loves the idea of cutting spending until something they like is on the chopping block.

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    Re: Is 100 million that much of a cut?

    I voted "yes", but his demonstration is not "over simplified". It was a good way to show people just how small the amount was that Obama planned to cut.

    BTW I find the claim that ALL military spending is "mandatory spending" to be false. Paying our soldiers, funding wars and upkeep on our current weapons are one thing, but we spend way too much on military.

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    Re: Is 100 million that much of a cut?

    $100 million is an ultra large amount of money. Nothing compared to the TARP or ARRA, yet enough to have a dramatic impact on a town, city, and sometimes state.

    The scary aspect is that hundreds of these sort of cuts (more or less across the board cuts in spending) are a necessary step in fiscal consolidation. More or less a severe risk for political suicide.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Is 100 million that much of a cut?

    Quote Originally Posted by TheGirlNextDoor View Post
    Watch the following video and tell me your thoughts.

    It's an overly simplistic view of overall budget cuts - but how 'real' is this?


    Visualizing Obama's budget cuts. [VIDEO]

    No - this is not a professionally made video. It's my understanding a college student made this, but I want to know what you think about the basic premise.


    Thoughts?



    Edit to add: yes, I know this is old, but I'm still curious. Thanks.
    Check this out (on the same subject):

    CitizenLink: Government-Sized Numbers

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