Posts Tagged With: budget cuts

PAUL RYAN’S PROPOSED BUDGET CUTS….What the White House and the Democrats are not telling you….


A List of Republican Budget Cuts
Notice Social Security and the military are NOT on this list.
These are all the programs that the new Republican House has proposed cutting. Read to the end!
=========================================================================
* Corporation for Public Broadcasting Subsidy — $445 million annual savings.
* Save America ‘s Treasures Program — $25 million annual savings.
* International Fund for Ireland — $17 million annual savings.
* Legal Services Corporation — $420 million annual savings.
* National Endowment for the Arts — $167.5 million annual savings.
* National Endowment for the Humanities — $167.5 million annual savings.
* Hope VI Program — $250 million annual savings.
* Amtrak Subsidies — $1.565 billion annual savings.
* Eliminate duplicating education programs — H.R. 2274 (in last Congress), authored by Rep. McKeon, eliminates 68 at a savings of $1.3 billion annually.
* U.S. Trade Development Agency — $55 million annual savings.
* Woodrow Wilson Center Subsidy — $20 million annual savings.
* Cut in half funding for congressional printing and binding — $47 million annual savings.
* John C. Stennis Center Subsidy — $430,000 annual savings.
* Community Development Fund — $4.5 billion annual savings.
* Heritage Area Grants and Statutory Aid — $24 million annual savings.
* Cut Federal Travel Budget in Half — $7.5 billion annual savings
* Trim Federal Vehicle Budget by 20% — $600 million annual savings.
* Essential Air Service — $150 million annual savings.
* Technology Innovation Program — $70 million annual savings.
* Manufacturing Extension Partnership (MEP) Program — $125 million annual savings..
* Department of Energy Grants to States for Weatherization — $530 million annual savings.
* Beach Replenishment — $95 million annual savings.
* New Starts Transit — $2 billion annual savings.
Exchange Programs for Alaska Natives, Native Hawaiians, and Their Historical Trading Partners in Massachusetts — $9 million annual savings
* Intercity and High Speed Rail Grants — $2.5 billion annual savings.
* Title X Family Planning — $318 million annual savings.
* Appalachian Regional Commission — $76 million annual savings.
* Economic Development Administration — $293 million annual savings.
* Programs under the National and Community Services Act — $1.15 billion annual savings.
* Applied Research at Department of Energy — $1.27 billion annual savings.
* Freedom CAR and Fuel Partnership — $200 million annual savings..
* Energy Star Program — $52 million annual savings.
*Economic Assistance to Egypt — $250 million annually.
* U.S.Agency for International Development — $1.39 billion annual savings.
* General Assistance to District of Columbia — $210 million annual savings.
* Subsidy for Washington Metropolitan Area Transit Authority — $150 million annual savings.
*Presidential Campaign Fund — $775 million savings over ten years.
* No funding for federal office space acquisition — $864 million annual savings.
* End prohibitions on competitive sourcing of government services.
* Repeal the Davis-Bacon Act — More than $1 billion annually.
* IRS Direct Deposit: Require the IRS to deposit fees for some services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing it to remain as part of its budget — $1.8 billion savings over ten years.
*Require collection of unpaid taxes by federal employees — $1 billion total savings.WHAT THE HELL IS THISABOUT?
* Prohibit taxpayer funded union activities by federal employees — $1.2 billion savings over ten years.
* Sell excess federal properties the government does not make use of — $15 billion total savings.
*Eliminate death gratuity for Members of Congress.WHAT???
* Eliminate Mohair Subsidies — $1 million annual savings.
*Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change — $12.5 million annual savings�WELL ISN’T THAT SPECIAL
* Eliminate Market Access Program — $200 million annual savings.
* USDA Sugar Program — $14 million annual savings.
* Subsidy to Organization for Economic Co-operation and Development (OECD) — $93 million annual savings.
* Eliminate the National Organic Certification Cost-Share Program — $56.2 million annual savings.
*Eliminate fund for Obamacare administrative costs– $900 million savings.
* Ready to Learn TV Program — $27 million savings..
* HUD Ph.D. Program.
* Deficit Reduction Check-Off Act.
*TOTAL SAVINGS: $2.5 Trillion over Ten Years

My question is, what is all this doing in the budget in the first place?
Maybe this is why the Democrats are attacking Paul Ryan. .

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Cuts to the Democratic entitlements……


By Alan Caruba

No wonder Democrats are sweating bullets over proposed cuts to the spending that has been the hallmark of their party and politics for decades. This list, taken from a recent issue of U.S. News & World Report provides an insight to the many ways fiscal sanity can be restored.

These are some of the programs that the Republican House has proposed cutting.

* Corporation for Public Broadcasting Subsidy — $445 million annual savings.

* Save America ‘s Treasures Program — $25 million annual savings.

* International Fund for Ireland — $17 million annual savings.

* Legal Services Corporation — $420 million annual savings.

* National Endowment for the Arts — $167.5 million annual savings.

* National Endowment for the Humanities — $167.5 million annual savings.

* Hope VI Program — $250 million annual savings.

* Amtrak Subsidies — $1.565 billion annual savings.

* Eliminate duplicating education programs — H.R. 2274 (in last Congress),

authored by Rep. McKeon, eliminates 68 such programs at a savings of $1.3 billion annually.

* U.S. Trade Development Agency — $55 million annual savings.

* Woodrow Wilson Center Subsidy — $20 million annual savings.

* Cut in half funding for congressional printing and binding — $47 million annual savings.

* John C. Stennis Center Subsidy — $430,000 annual savings.

* Community Development Fund — $4.5 billion annual savings.

* Heritage Area Grants and Statutory Aid — $24 million annual savings.

* Cut Federal Travel Budget in Half — $7.5 billion annual savings

* Trim Federal Vehicle Budget by 20% — $600 million annual savings.

* Essential Air Service — $150 million annual savings.

* Technology Innovation Program — $70 million annual savings.

* Manufacturing Extension Partnership (MEP) Program — $125 million annual savings.

* Department of Energy Grants to States for Weatherization — $530 million annual savings.

* Beach Replenishment — $95 million annual savings.

* New Starts Transit — $2 billion annual savings.

* Exchange Programs for Alaska Natives, Native Hawaiians, and Their Historical Trading Partners in Massachusetts — $9 million annual savings

* Intercity and High Speed Rail Grants — $2.5 billion annual savings.

* Title X Family Planning — $318 million annual savings.

* Appalachian Regional Commission — $76 million annual savings.

* Economic Development Administration — $293 million annual savings.

* Programs under the National and Community Services Act — $1.15 billion annual savings.

* Applied Research at Department of Energy — $1.27 billion annual savings.

* Freedom CAR and Fuel Partnership — $200 million annual savings.

* Energy Star Program — $52 million annual savings.

* Economic Assistance to Egypt — $250 million annually.

* U.S. Agency for International Development — $1.39 billion annual savings.

* General Assistance to District of Columbia — $210 million annual savings.

* Subsidy for Washington Metropolitan Area Transit Authority — $150 million annual savings.

* Presidential Campaign Fund — $775 million savings over ten years.

* No funding for federal office space acquisition — $864 million annual savings.

* End prohibitions on competitive sourcing of government services.

* Repeal the Davis-Bacon Act — More than $1 billion annually.

* IRS Direct Deposit: Require the IRS to deposit fees for some services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing it to remain as part of its budget — $1.8 billion savings over ten years.

* Require collection of unpaid taxes by federal employees — $1 billion total savings.

* Prohibit taxpayer funded union activities by federal employees — $1.2 billion savings over ten years.

* Sell excess federal properties the government does not make use of — $15 billion total savings.

* Eliminate death gratuity for Members of Congress.

* Eliminate Mohair Subsidies — $1 million annual savings.

* Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change — $12.5 million annual savings

* Eliminate Market Access Program — $200 million annual savings.

* USDA Sugar Program — $14 million annual savings.

* Subsidy to Organization for Economic Co-operation and Development (OECD) — $93 million annual savings.

* Eliminate the National Organic Certification Cost-Share Program — $56.2 million annual savings.

* Eliminate fund for Obamacare administrative costs — $900 million savings.

* Ready to Learn TV Program — $27 million savings.

* HUD Ph.D. Program.

* Deficit Reduction Check-Off Act.

TOTAL SAVINGS:
$2.5 Trillion over Ten Years

I would add the elimination of the U.S. contribution to the budget of the United Nations. There is no reason why decisions regarding our national security and sovereignty should be subordinated to the UN. The humanitarian work undertaken by UN agencies can be done just as well, if not better, by independent international organizations.

© Alan Caruba
http://factsnotfantasy.blogspot.com/2012_08_01_archive.html

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Young Americans ‘Paying the Price’ for Poor Economy


Politicians on both sides of the aisle might heed a new survey showing that nine in 10 young adults say the poor economy negatively impacts their life, and just 38 percent believe today’s leaders represent their interests.

Why pay attention? Because the poll by Generation Opportunity also disclosed that 76 percent of Americans ages 18 to 29 plan to vote in the presidential election.

“These numbers should put elected leaders on notice. What you see is a very pointed story of the impact the failed policies coming out of the White House over the course of the last three years are having on the daily lives and the long-term plans of young Americans,” said Paul T. Conway, president of Generation Opportunity and former chief of staff of the U.S. Department of Labor.

“Frankly, it is not a pretty picture — millions of young Americans are paying the price, in a very personal way, for failed leadership and failed policies.

“Millennials are savvy. They know national policies have personal impact — they feel it first-hand. So it is no surprise that so few believe their interests are being represented in Washington, and it is no surprise that they plan to make their voices heard this November.”

In the poll of more than 1,000 young adults conducted at the end of July, 89 percent of respondents said the poor economy is negatively impacting their life.

Among those impacted young people, 51 percent reduced their entertainment budget, 40 percent skipped a vacation, 38 percent drove less, 27 percent sold personal property including electronic appliances and cars, 17 percent skipped a wedding, family reunion, or other significant social event, and 26 percent moved in with their family, took extra roommates, or moved to a “downgraded” house or apartment.

The survey also revealed that 84 percent of respondents had planned to make a major life change but now might delay or not make it at all due to the current economy.

Among the changes cited: buying their own place (38 percent will not make the change), starting a family (31 percent), paying off student loans or other debt (26 percent), saving for retirement (25 percent), and getting married (23 percent).

Generation Opportunity is a nonpartisan organization that seeks to engage and mobilize young Americans on the important issues facing the nation.

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CBO: Deep recession likely for first half of 2013 if Congress goes over the fiscal cliff


The nation would be plunged into a deep recession during the first half of next year if Congress fails to avert nearly $500 billion in tax hikes and spending cuts set to hit in January, congressional budget analysts said Wednesday.

The massive round of New Year’s belt-tightening – variously known as the fiscal cliff or Taxmageddon – would disrupt recent economic progress, push the unemployment rate back up to 9.1 percent by the end of 2013 and cause economic conditions “that will probably be considered a recession,” the nonpartisan Congressional Budget Office said.

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