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Government spending

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Government spending

What should the federal government do?

Members: 2
Latest Activity: Aug 22, 2011

Where should government spending be reduced?http://actionsforfreedom.ning.com/profiles/blog/list

What should the federal government do, why, and who should pay for it?

Total federal spending has grown 7 times as much in inflation-adjusted dollars as median household income over the last 40 years.

President Barack Obama's fiscal 2011 Ten-Year Budget Plan will increase federal spending to $36,000 per household by 2020.

The time to stop this is now.

Immediate actions to be taken should include rescinding the remaining TARP and stimulus funds.


(See the discussion Forum "It's not just our kids and grandkids who are at risk because of debt, it's us.")


(See "Bailouts", "Deficits", "Earmarks", "Lobbying", "Spending limit")


(See "House passes, Senate rejects $61 billion in budget cuts.")


An excellent source for "where federal funds are being spent ... and specific programs to cut" can be found at www.downsizinggovernment.org by the CATO Institute.


(See "Sharp reductions of budget deficits lead to sustained growth rather than recessions")

Discussion Forum

Citizens Against Government Waste proposes 15 budget cuts to save $90 billion/year 1 Reply

The CAGW recommendations include:Returning $45 billion in unused “Economic Stimulus” funds to the U.S. Treasury;Eliminating federal control of Fannie Mae and Freddie Mac, which would save $30…Continue

Tags: CAGW, spending, budget

Started by Daniel Dyer. Last reply by Christopher Mullaney Aug 22, 2011.

Stop Funding NPR and PBS 1 Reply

On March 4, 2011, U.S. Senators Jim DeMint (R-S.C.) and Tom Coburn, M.D. (R-Oklahoma) introduced legislation to stop taxpayer subsidies to the Corporation for Public Broadcasting (CPB).CPB public…Continue

Tags: budget, DeMint, Coburn, Senate, spending

Started by Daniel Dyer. Last reply by Daniel Dyer Aug 9, 2011.

Government workers earn double private counterparts

Federal civil servants earned average pay and benefits of $123,049 in 2009 while private workers made just $61,051 in total compensation, according to the Bureau of Economic Analysis...  USA TodayContinue

Started by Daniel Dyer Aug 11, 2010.

Stop the Bleeding

(Contributed by George (Skip) Thacker)How to BEGIN to heal our financial catastrophe—the Red Ink Hemorrhaging, Ballooning debt and deficits, both Federal and State. What is it now? 18 Trillion? 20…Continue

Tags: taxes, budget, spending

Started by Daniel Dyer Aug 10, 2010.

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Comment by Daniel Dyer on February 20, 2011 at 2:24pm
Comment by Christopher Mullaney on May 27, 2010 at 1:03pm
The bank and auto bailouts, purred government spending to wartime levels at 45 percent of GDP. The mortgage emergency seems to have ratcheted out-year spending up a notch.
Near term government spending in the future is pegging at 40 percent of GDP.
So we tax payers will pay about $250.7B in interest payments this year alone.
Each federal department is responsible for a huge chunk of the debt. So I would suggest that their budgets be looked at again and reduced to manageable levels. A 10 percent across the board reduction could be attained.
Education, Welfare and Agriculture are the three biggest hogs at the government trough. A strong hand is required to chop down the spending of these government Departments.
 

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