Sen. Coburn: Cut spending or face ‘apocalyptic pain’

[unhappycamper]

Sen. Coburn: Cut spending or face ‘apocalyptic pain’
By David Edwards
Sunday, December 26th, 2010 -- 12:47 pm

Congress needs to cut spending now or face fiscal Armageddon later, one senator warned Sunday.

Appearing on Fox News Sunday, Sen. Tom Coburn (R-OK) predicted "apocalyptic pain" if Congress does not enact major spending cuts.

"If we don't fix the problems in front of us everybody's going to pay a significant price," Coburn told host Chris Wallace.

The senator predicted that the US could face an economic crisis like the ones in Greece and Spain if changes aren't made soon.

~snip~

The senator suggested that the incoming 112th Congress could begin by cutting $100-200 billion in federal spending. He said "both Republican and Democratic administrations have refused" to make the tough choices needed to rein in the deficit.



unhappycamper comment: If Tommy-Boy wants to cut $200 billion from the budget, I'd recommend he start here:

[hobbit709]

1. I'd like to give Sen. I-am-a-major-asshole an "apocalyptic pain"

Of course his head is so far up his ass he'd never notice.

[HillbillyBob]

2. What you said.

Strange though a good number of congress critters are millionaires, why aren't they giving up perqs? Limo rides, parties etc, their Federal paychecks are what in the 150 170g range and they are already millionaires costs a bundle I'm sure.
Still they want to raid SS which provides me 853$ a month to cover my share of household expenses.

I have to fret whether to buy a new pair of jeans or show my a$$ to the world. Its not that pretty anymore and the world has enough visible a$$3s. Look to congress!

The pickup has been sitting for over a years because it needs major motor work, that I cannot do myself and a bunch of other other stuff that really needs attention, even with me doing the work I cannot afford materials. I'm not whining, I just am tired.

I am grateful that we are warm and have food
All the stuff I have done around here to make the house tighter did cost, but a little bit at a time, and roi is already paid out.
Now we are getting into things that cost big as in 1000$ or more again with me or us doing the actual work.
We can only go so far on austerity, we need a capital investment. I don't mean a million$ I mean like a living wage again for us all.

[Laelth]

3. I'll take apocalyptic pain for $1000, Alex.

I call B.S. on the sudden urgency for austerity. If "apocalyptic pain" were really on the horizon, the two major parties would not have gone along with extending the tax cuts and the SS tax holiday.

-Laelth

[TBF]

4. Then cut defense asshole. nt

[dkf]

5. Obama's defense budget was $708 billion.

If we cut it by $200 billion we are still $971 billion in the hole as our 2010 deficit was $1.171 trillion.

Raising the taxes on the above $250,000 crowd only raises $700 billion over 10 years. Getting rid of all the tax cuts only raised about $4 trillion over 10 years.

Our current debt is $14 trillion with total receipts of $2.4 trillion and expenditures of $3.6 trillion.

I don't see how we squeeze everything out of the military budget. Something has got to give.

http://en.m.wikipedia.org/wiki/2010_United_States_federal_budget?wasRedirected=true

[hobbit709]

6. Funny how the ones that have to give are always the ones with the least.

[dkf]

9. When you are out of money everything gets reduced I would think.

[hobbit709]

10. But where are the proposed cuts to be made?

If there was a true across the board reduction I might believe that BS.

[dkf]

12. Oh when you are trying to reduce your budget by a third I don't think there are many things that

Will be left untouched.

I imagine if we keep our programs for the elderly as is it will come at the expense of the poor.

The military budget will be cut. I don't think there is anyone who doesn't realize this.

[hobbit709]

13. You really think they will cut the money the MIC gets?

I have no such delusion. Austerity always goes for the ones that have the least to give up-history proves that.

[dkf]

14. Rep. Cantor puts defense spending ‘on the table’

The next House Majority Leader is so serious about cutting the federal budget that he is open to cutting defense spending, he said.

"I think, you know, we've got to have everything on the table right now, Matt," Rep. Eric Cantor (R-Va.) told Matt Lauer of NBC's Today Show on Tuesday.


Cantor is the third elected Republican to specifically suggest cuts to US military spending. Rep. Walter Jones (R-NC) and Senator-elect Rand Paul (R-KY) signed their names in support of defense cuts this summer. Paul said on ABC''s This Week earlier this month that he would vote for defense cuts.

http://www.rawstory.com/rs/2010/11/house-majority-leaderelect-defense-spending-cuts-on-table/

[hobbit709]

15. So now all of a sudden you believe a repuke?

I barely believe half of what the Democrats say-I believe even less from the other side.

[dkf]

16. Demcrats can't do it alone anymore. We lost the house.

[hobbit709]

18. So?

[dkf]

19. So the only chance you have of getting a cut in the MIC is through cooperation with guys like Cantor

Why dis him when he sounds like he is open to doing what you want?

[GoCubsGo]

7. Let's start with your paycheck, asshole.

How about you live on air, like you're expecting the unemployed to do?

[notesdev]

8. $200B won't do it

Budget needs to be cut by about $1.4 trillion to avoid what's coming. It won't happen - we will have either forced austerity, or indefinite continued monetization leading to hyperinflation and destruction of the currency. Bondzilla is coming, and he is fucking PISSED. Prepare yourself because a 40% minimum cut in federal outlays (adjusted for inflation) is our future whether we like it or not.

The world is waking up to the inescapable conclusion that we are not capable nor willing to pay back any of the money borrowed on the credit of the United States.

[dkf]

11. It is amazing that there are so few that understand this.

I thought we pride ourselves on believing in math and science but even the most basic math is completely disregarded.

[notesdev]

20. Math skills are lost

You should see the BS that passes for mathematical education these days. I'm working on a project that involves teaching math to teachers... and the subject matter is so basic it would embarrass a third-grader (at least when I was in third grade, which wasn't that long ago in the big picture).

If people could do math, nobody would take out a student loan. So math isn't taught anymore, at least not at the level where it is actually useful to people in understanding the world around them.

[bullwinkle428]

17. With the ink not even dry on the fucking tax cut extension for the rich...

:mad: :mad: :mad:

[adigal]

21. Hmmm....two wars, tax cuts for the wealthiest Americans

How much will they cost this year?? Why don't these "news" fools ask him this question??

[ZombieHorde]

22. All right, let's end the wars. nt

[Bandit]

23. I know how to fix it.........Tax cuts for all.......

:bounce: :bounce: :bounce: :patriot:

[City Lights]

24. First up...the Military Industrial Complex.

Followed by health insurance for members of Congress. Buy your own fucking health insurance.