Saturday, June 12, 2010
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Obama's Deficit Reduction Commission (familiarly known as The Catfood Commission) is charged with coming up with ways to reduce the deficit, with "all options on the table" -- except for raising taxes on the rich of course. That is verboten.
But in his speech in Pittsburgh the other day, Obama himself said that his administration would reduce the "discretionary budget" of the US Government by $1 trillion over the next three years. He vowed to cut everything except national security and defense spending. That's an average of $333 billion per year. Where, exactly, is it going to come from?
The chart above is from 2006, so it doesn't reflect today's discretionary budget, but proportionally things haven't changed all that much.
Observe: the Defense Department has far and away the lion's share of the Discretionary Budget, at $438.8 billion in 2006. All of the rest of the Discretionary Budget combined doesn't amount to the DoD's total ($401.7 billion for everything else vs $438.8 billion for the DoD.)
So where, exactly, is His Serenity going to find $333 billion per year to cut if DoD and other National Security items remain untouched?
What the holy hopping hell is he talking about?
Note, the chart is from the Foundation for Global Community a fine outfit that deserves every bit of support.