http://www.whitehouse.gov/sites/default/files/omb/budget/fy2011/assets/tables.pdf
From Page 5 of the PDF (Labeled 149) Baseline Projects of Current Policy by Category
2011 Budget Baseline Projection (which means if all things stayed the same, no policy
Ok, first of all there isn't a 2011 budget so these are projections and as I recall Obama is President and Democrats control Congress so that budget is theirs, right?
changes):
Security (i.e. Defense, Intelligence, etc) - $846 Billion
Social Security - $730 Billion
Medicare - $492 Billion
Medicaid - $271 Billion
Net Interest (on debt) - $250 Billion
Total Cost of "Sacred" Programs - $2,589 Billion
Expected Revenues (i.e. tax receipts) for 2011 - $2,583 Billion
So, the total cost of the "sacred" programs is a bit more than what we expect to bring in for receipts for 2011.
Do you realize that SS is a separate tax? Medicare is separate tax? Income is a separate tax? Excise is a separate tax?
What exactly does income taxes fund?
This doesn't include any non-defense discretionary spending whatsoever. What does that mean?
No NASA
No Departments of Anything (including Justice, Labor, Education, Commerce, Interior, Veterans Affairs, Transportation, Treasury,EPA, Small Business Administration, Health and Human Services)
No Disaster Relief (Sorry New Orleans, better not get any hurricanes going your way)
NO ANYTHING ELSE EXCEPT THE "SACRED" PROGRAMS CAN EXIST IF WE WANT TO BALANCE THE BUDGET FOR 2011.
Ok with that?
As stated above, there are use taxes which I described plus the fact that most o fthe programs above have mirrored state agencies with a budget as well. We need a justice dept. We need a VA department. We don't need labor, Education, Commerce, Interior or any other on the scale they are on now, much reduced.
So, you want to reduce taxes even further? Well, you have to start cutting into those sacred programs then because we are already $6 Billion dollars short based on expected tax receipts for next year.
Here is the total revenue during the Bush years so tell me where the reduction in revenue is? Stop buying the rhetoric that tax cuts reduce revenue. The Bush tax rate cuts went into effect in July 2003. Where is the reduction in revenue?
2000 3,132
2001 3,118
2002 2,987
2003 3,043
2004 3,265
2005 3,659
2006 3,996
2007 4,197
2008 4,072
You want to increase defense even more. Well, you're going to have to increase taxes or cut even more into Medicare, Social Securtiy or Medicaid.
If you want to increase Medicare, SS, or Medicaid more, then increase the taxes in those areas and stop spending the money in the General fund
That's where we're at. Any questions?
Yes, I have a question, where do you get your information and why are you ignoring the various taxes that fund most of those entitlement programs?
Oh yeah, to answer you question. I absolutely think that spending 25% of our budget on defense is way too much. It's actually over 30% of expected tax receipts, that's even worse.
So when you break out all the use taxes, the excise taxes, the income taxes, both corporate and personal, do you have enough money to fund the govt. you think we should have? Please explain to me why SS, Medicare are on budget. Medicaid is a state program not a federal program. Why are SS and Medicare funds being spent on programs other than SS and Medicare?
Take each tax and tell me what they fund and how much money is generated. You will find that income taxes which are supposed to fund the necessary services of Govt. are more than enough to fund the Military budget as well as the original intent of our Founders.