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Thread: A "Balanced Approach" To Cutting Spending and Tax Hikes Is A Hoax

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    Senior Member Franco's Avatar
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    Default A "Balanced Approach" To Cutting Spending and Tax Hikes Is A Hoax

    Does anyone really believe that real spending will be cut? Or, will it be the usual smoke and mirrors of cuting future spending. And, is cutting spending by 3% really an austerity measure?

    The only thing I see is spending and tax increases.

    http://reason.com/blog/2012/11/26/q-...lanced-approac

    Here's a quick question for the folks earnestly in favor of such a trade-off: How many times between 1980 (when Ronald Reagan was elected) and 2011 (last year for which full data are in) have inflation-adjusted, year-over-year government expenditures declined? That strikes me as a decent indicator of just how serious the federal government can be about restraining spending in recent years. The answer, using constant 2005 dollars and relying on Office of Management and Budget (OMB) tables (see table 1.3)? Four times, in 1987, 1993, 2007, and 2010. At least two of those four years warrant asterisks, too: In 2007, spending was almost exactly flat, and the decline in 2010 mostly had to do with the inability of the federal government to get its shit together and pass a budget.
    It's time we abandon our party affiliations and rather than being good Dems or good Repubs we all become good Americans. MJH345

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    Senior Member Larry Thompson1's Avatar
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    Quote Originally Posted by Franco View Post
    Does anyone really believe that real spending will be cut? Or, will it be the usual smoke and mirrors of cuting future spending. And, is cutting spending by 3% really an austerity measure?

    The only thing I see is spending and tax increases.

    http://reason.com/blog/2012/11/26/q-...lanced-approac

    Here's a quick question for the folks earnestly in favor of such a trade-off: How many times between 1980 (when Ronald Reagan was elected) and 2011 (last year for which full data are in) have inflation-adjusted, year-over-year government expenditures declined? That strikes me as a decent indicator of just how serious the federal government can be about restraining spending in recent years. The answer, using constant 2005 dollars and relying on Office of Management and Budget (OMB) tables (see table 1.3)? Four times, in 1987, 1993, 2007, and 2010. At least two of those four years warrant asterisks, too: In 2007, spending was almost exactly flat, and the decline in 2010 mostly had to do with the inability of the federal government to get its shit together and pass a budget.
    The people in washington won't pass a budget, that would mean they were responsible. They only want to get re-elected....
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