Category Archives: Government Debt

Ending The Afghan War Would Save Taxpayers 40,000 Times More Money Than Defunding NPR

There’s a school of thought that says the GOP doesn’t care about saving taxpayers money.  However, they are concerned about their party’s ideals and what they are against.    They are against any liberal agenda, period.   Jobs and saving taxpayers money are not on their agenda.

Think Progress

Today, two deficit-cutting bills will be voted on in the House of Representatives. One bill, introduced by Rep. Doug Lamborn (R-CO) and fellow Republicans, would end all federal funding to National Public Radio (NPR). The other bill, sponsored by Reps. Dennis Kucinich (D-OH) and Walter Jones (R-NC) and being pushed largely by progressive Democrats, calls for setting a strict timetable for withdrawal from Afghanistan that would mandate the end of combat operations in that country by the end of 2011.

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Additionally, as the National Priorities Project shows, ending the war could help free up money for countless domestic priorities, like hiring millions of teachers or funding health care for tens of millions of poor children. Here are just some of the alternatives that could be funded for the cost of one year of the Afghan war:

- Health Care For 55 Million Low Income Children

- 1.6 million Elementary School Teachers for One Year

- 1.9 million Firefighters for One Year

- 14.1 million Head Start Slots for Children for One Year

- 13.8 million Military Veterans Receiving VA Medical Care for One Year

- 1.6 million Police or Sheriff’s Patrol Officers for One Year

- 19.3 million Students receiving Pell Grants of $5550

- 13.6 million Scholarships for University Students for One Year

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Filed under GOP, GOP Agenda, GOP Cluelessness, GOP Hypocrisy, Government Debt

The Debt Ceiling Issue

Debt Ceiling 101

Question: What is the debt ceiling?

Answer: The debt ceiling is a statutory limit on the amount of U.S federal debt held by the public and the government’s own accounts. The debt ceiling became law with the Second Liberty Bond Act of 1917, which helped finance the United States’ entry into World War I.

Question:  What happens if The Congress votes not to raise the debt ceiling?

On This Week with Christiane Amanpour, Jake Tapper interviews Obama economic advisor Austan Goolsbee about the upcoming vote on the National Debt ceiling, and wonders what will happen if the new Republican Extremists successfully keep it from being approved.

Analysis:

There has been a lot of talk about “The Debt Ceiling” lately.  The Tea Party influenced GOP in congress want to place a limit on the out of control debt spending by capping the “debt ceiling”. 

Most Dems (and some Republicans of a more moderate stripe) want to follow the status quo and continue to raise the debt ceiling as borrowing expands.  The GOP want to cap the ceiling.

Of course, Washington being what it is, some GOP members wouldn’t mind voting in favor of raising the debt ceiling as long as Congress produces serious limitations on future spending.  That would mean Medicare and Social Security cuts will have to be in the offing.

Yes, that’s right!  They are playing their little blackmail game yet again, using Social Security and Medicare as the perineal sacrificial lambs in order to agree to raise the debt ceiling.  

Now, in all honesty, I do see a need for cutting the debt but the experts all agree that doing so would be catastrophic to the American economy as well as global economies.  Borrowing money to pay for tax cuts for the wealthy is not a problem for the GOP/Tea Party.  However, cutting entitlement programs to our country’s most vulnerable segment, senior citizens is in my opinion heartless.  There’s got to be a better way.

There are some serious GOP pundits like George Will and some Fox News pundits who totally disagree with capping the debt ceiling.

It’ll be interesting to see how this “game of chicken” plays out.

Lawrence O’Donnell of MSNBC’s The Last Word does a better job of explaining the consequences of not raising the debt ceiling than I ever could:

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Filed under GOP Agenda, GOP Radicalism, Government Debt, Government Spending