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Thread: Already Saved Half a trillion? Why is no one (media) telling us this?

              
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    Already Saved Half a trillion? Why is no one (media) telling us this?

    If this doesn't prove pols say anything except the truth, .....they just want our money!
    Attached Images Attached Images

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    Cliff notes?

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    Couple of quotes:

    "You may not have noticed it, but the Federal Government just saved half a trillion dollars over the next decade. It's one ofthe biggest deficit-reductions in history, and it made virtually no headlines."

    "Health care cost growth -- the driver of effectively all long-term budget deficits -- is coming in much lower than expected."

    ""The recession just doesn't account for the numbers we're seeing. I think there's much more going on."

    I think polls will never relate positive surprises, because it doesn't fit the view they are trying to sell us!

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    polls should be pols.

    Here is another place to save the budget (include the F-22 for another half a trillion)!

    The Trillion Dollar F-35 Is Grounded Yet Again




    from gizmodo:


    Click here to enlarge

    In what is becoming almost as consistent as the sun rising in the east and setting in the west, the F-35—America's trillion dollar joke of a fighter jet—has been grounded again.



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    Just a waste of money.

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    Cut money from budget?

    Easy.

    Get rid of welfare, watch people get jobs, make jobs, start stealing $#@! to pay for whatever, sell more guns, eliminate the poor people that are stealing.

    Not only does this fix over population, it reduced the deficit, increases jobs by the rise of gun sales, removes the bad people (without having to spend tax dollars for jails) AND gives people the power to defend themselves.

    Its a WIN WIN for everyone.

    Poor people find jobs, or become thieves.
    Thieves get killed.
    Government stops loosing so much money
    People most self sufficient with self protection
    Jobs go up,
    Crime goes down.
    Tired of being cold? I sell pieces of paradise! Click here to enlargePM me for more info!

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    Click here to enlarge Originally Posted by E90SoFlo Click here to enlarge
    This quote is hidden because you are ignoring this member. Show Quote
    Cut money from budget?

    Easy.

    Get rid of welfare, watch people get jobs, make jobs, start stealing $#@! to pay for whatever, sell more guns, eliminate the poor people that are stealing.
    This is my thought process as well...

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    Click here to enlarge Originally Posted by Sticky Click here to enlarge
    This quote is hidden because you are ignoring this member. Show Quote
    This is my thought process as well...
    Now contradicting myself, but it is proven that welfare helps society, when properly used.

    But we are way past that last part..
    Tired of being cold? I sell pieces of paradise! Click here to enlargePM me for more info!

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    Click here to enlarge Originally Posted by yage202 Click here to enlarge
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    polls should be pols.

    Here is another place to save the budget (include the F-22 for another half a trillion)!

    The Trillion Dollar F-35 Is Grounded Yet Again

    And if you keep the jets we have now for another 50 years it would cost exponentially more than the acquisition of a new platform.

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    Click here to enlarge Originally Posted by E90SoFlo Click here to enlarge
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    Now contradicting myself, but it is proven that welfare helps society, when properly used.

    But we are way past that last part..
    Of course it should help people but it should not help create an expanding welfare class which it has degenerated into.

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    Thats why you do work-for-welfare programs.
    LEMANS BLUE M-TECH E92->PROCEDE REV3::ETS 7" FMIC::RACELAND DPS::WAVETRAC DIFF::DEFIV DIFF LOCKDOWN::DEFIV OCC::DEFIV INTAKE::RB PCV

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    Click here to enlarge Originally Posted by uniter Click here to enlarge
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    Thats why you do work-for-welfare programs.
    Ah there you go. And how many will actually do that? Well, the ones that deserve it I would say.

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    Slightly off topic, but my personal opinion is there should be a test to vote. In addition, if you don't pay taxes and/or are getting government help, you shouldn't be able to vote either. Talk about a conflict of interest.

    -Rich

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    Click here to enlarge Originally Posted by E90SoFlo Click here to enlarge
    This quote is hidden because you are ignoring this member. Show Quote
    Cut money from budget?

    Easy.

    Get rid of welfare, watch people get jobs, make jobs, start stealing $#@! to pay for whatever, sell more guns, eliminate the poor people that are stealing.

    Not only does this fix over population, it reduced the deficit, increases jobs by the rise of gun sales, removes the bad people (without having to spend tax dollars for jails) AND gives people the power to defend themselves.

    Its a WIN WIN for everyone.

    Poor people find jobs, or become thieves.
    Thieves get killed.
    Government stops loosing so much money
    People most self sufficient with self protection
    Jobs go up,
    Crime goes down.
    Ever consider a run for President?
    Click here to enlarge

    1000+WHP WEISTEC 2008 CLK63 Black Series
    790WHP WEISTEC 2012 C63 Black Series
    725WHP WEISTEC 2014 SLS Black Series

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    Click here to enlarge Originally Posted by richpike Click here to enlarge
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    In addition, if you don't pay taxes and/or are getting government help, you shouldn't be able to vote either. Talk about a conflict of interest.
    Agree 1000000000%

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    And welfare cliffs are an issue, providing dis-incentives for success:
    Click here to enlarge
    LEMANS BLUE M-TECH E92->PROCEDE REV3::ETS 7" FMIC::RACELAND DPS::WAVETRAC DIFF::DEFIV DIFF LOCKDOWN::DEFIV OCC::DEFIV INTAKE::RB PCV

  17. #17
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    Click here to enlarge Originally Posted by trufus Click here to enlarge
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    if you keep the jets we have now for another 50 years it would cost exponentially more than the acquisition of a new platform.
    Sounds sensible, but how would you explain the B-52? 57 years and counting, nothing better yet. The planes (F22/F35) have never flown a combat mission. The F35, 2457 planes @ $65 million each, and the F22, 187 planes delivered out of an initial 400 unit production run @ $140 million a plane.

    Kind of an expensive Edsel hangar queen, don't you think?

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    Click here to enlarge Originally Posted by yage202 Click here to enlarge
    This quote is hidden because you are ignoring this member. Show Quote
    Sounds sensible, but how would you explain the B-52? 57 years and counting, nothing better yet. The planes (F22/F35) have never flown a combat mission. The F35, 2457 planes @ $65 million each, and the F22, 187 planes delivered out of an initial 400 unit production run @ $140 million a plane.

    Kind of an expensive Edsel hangar queen, don't you think?
    The Air Force has been working on a B-52 replacement for a while now. They haven't funded a procurement precisely because of budget issues. Yes we can keep jets flying for a long time but it gets expensive and you're no longer leveraging new technology.

    F-22 was cancelled because the government realized the mission it was designed for doesn't exist anymore (cold war). I'd imagine the reason it hasn't flown in combat is because of the risk of losing one and that it's kind of our ace in the hole. Don't need it so why deploy to a war zone and put it in harm's way?

    The F-35 is still in development and test. Makes sense it hasn't seen combat. Where they screwed the pooch on it was trying to develop, test, and build production jets at the same time. The concurrence is driving the cost and schedule delays.

    None of this is an excuse for the dated and mismanaged procurement processes, just a little background.

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    Here is another headline no politician is talking about.

    THURSDAY, APRIL 11, 2013
    "The Rapidly Shrinking Federal Deficit"
    by Bill McBride on 4/11/2013 11:58:00 AM






    From a research note by Goldman Sachs chief economist Jan Hatzius: The Rapidly Shrinking Federal Deficit
    The federal budget deficit is shrinking rapidly. ...[I]n the 12 months through March 2013, the deficit totaled $911 billion, or 5.7% of GDP. In the first three months of calendar 2013--that is, since the increase in payroll and income tax rates took effect on January 1--we estimate that the deficit has averaged just 4.5% of GDP on a seasonally adjusted basis. This is less than half the peak annual deficit of 10.1% of GDP in fiscal 2009.


    There are three main reasons for the sharp reduction in the deficit:


    1. Lower spending. On a 12-month average basis, federal outlays have fallen by a total of 4% in the past two years, the first decline in nominal dollar terms over a comparable period since the demobilization from the Korean War in the mid-1950s.


    2. Higher tax rates. The increase in payroll tax rates in January 2013 has boosted federal receipts by around $120 billion (annualized), or about 0.8% of GDP.


    3. Economic improvement. Although real GDP has only grown at a sluggish 2%-2.5% pace since the end of the 2007-2009 recession, this has been enough to generate a sizable improvement in tax receipts, over and above the more recent impact of higher tax rates. Even prior to the tax hike that took effect in early 2013, total federal receipts had grown by 7% (annualized) from the 2009 bottom, nearly twice the growth rate of nominal GDP.


    We expect the deficit to continue to decline and are forecasting a deficit of 3% of GDP or less in fiscal 2015. Some of this is policy-related. ... But the more important reason, in our view, is that there is still a great deal of room for the economic recovery to reduce the deficit for cyclical reasons. ...


    In our view, the most important implication from the reduction in the budget deficit for the near-term economic outlook is reduced pressure for further fiscal retrenchment. Partly for this reason, we expect the drag from fiscal policy on real GDP growth to decline sharply from around 2% of GDP in 2013 to around 0.5% in coming years. This is a key reason for our expectation that real GDP growth will accelerate from around 2% (annualized) in Q2/Q3 2013 to 3%-3.5% in 2014-2016.
    It shocks people when I tell them the deficit as a percent of GDP is already close to being cut in half (this doesn't seem to ever make headlines). As Hatzius notes, the deficit is currently running under half the peak of the fiscal 2009 budget and will probably decline further over the next few years with no additional policy changes.


    Read more at http://www.calculatedriskblog.com/20...r0q7jvWPXRC.99

    Might be part of the Stock market's reaction the past few weeks!

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    The deficit is shrinking rapidly? Really?

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    The mews media has no dog in the hunt for improvement of general conditions!

    There is no hot story reporting on drifting down a mountain road hanging a fender over the edge when you make it, only when you crash spectacularly.

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