There is no doubt that America does face a real fiscal cliff. However, I have to ask how in the world we will overcome that when no one really wants to provide real cuts to the federal budget? Today I read "cuts" that have been proposed by the House. The question is, are they significant enough to actually stop deficit spending and increasing the national debt?
According to Clash Daily, here's what they are proposing:
* 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.
* E nd 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 THIS ABOUT?
* 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.
* 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.
The total savings of these "cuts" is $2.5 Trillion.... over ten years. Now to you and me that sounds like real money and it is, but in the big scheme of things this is small potatoes. Let's break that down by years. The fact is this amounts to "cuts" of a quarter of a billion dollars in cuts per year. That is still real money to you and me, but again, in the big scheme, when you are already running over a trillion dollars in deficits for the past five years and are scheduled to run that year one (2013) of either a Romney administration or an Obama administration, this is beans.
I continue to refer to these as "cuts" simply because they are not real cuts when you consider the baseline budget continues to grow in every one of these years. Two men have proposed significant, real cuts that would affect our national debt. Yet, we are not seeing this kind of talk from the two front men in the presidential race.
Don't get me wrong here. I'm in agreement with cutting out wasteful spending and this is a quarter of a step in the right direction, but until there is someone who is willing to stand up and actually start looking at real cuts to the budget, then we will continue in deficit spending and kicking the can down the road, until we run out of road.Don't forget to Like Freedom Outpost on Facebook, Google Plus, & Twitter. You can also get Freedom Outpost delivered to your Amazon Kindle device here.