In a heroic effort over the last few days to keep the US Federal Government from shutting down because there is no budget in place – Our leaders of the House and Senate reached an agreement with our President (with less than two hours to spare) to enact what amounts to an incredible $38 Billion reduction in spending this year! Good news, right?
Of course the Democrats are complaining that the cuts they were forced to agree to were draconian and wicked, and the Republicans are (at least the leaders) doing a little jig that they were able to get such significant concessions from their rivals. President Obama (I heard on the radio) called this the biggest one year cut in the budget ever (this is an unconfirmed report)!
Let take a look at how much slashing this $38 Billion from our spending will help us. In the following clip the illustrator explains how much impact a reduction of $61 Billion (quite a bit more than was actually agreed to) would have on our Federal budget and debts.
Post-Script:
Keep your eye on Representative Paul Ryan who has unveiled his party’s 2012 budget that would cut $5.8 trillion over the next decade. It also proposes reducing the top corporate and individual tax rates to 25 percent in what Republicans say is a move to improve American economic competitiveness.
O boy – we have a lot to look forward to in the days of ahead as the Presidential elections get into full swing!!!
“And the Lord said to Samuel, “Heed the voice of the people in all that they say to you; for they have not rejected you, but they have rejected Me, that I should not reign over them.According to all the works which they have done since the day that I brought them up out of Egypt, even to this day—with which they have forsaken Me and served other gods—so they are doing to you also. Now therefore, heed their voice.
However, you shall solemnly forewarn them, and show them the behavior of the king who will reign over them.” So Samuel told all the words of the Lord to the people who asked him for a king. And he said, “This will be the behavior of the king who will reign over you: He will take your sons and appoint them for his own chariots and to be his horsemen, and some will run before his chariots. He will appoint captains over his thousands and captains over his fifties, will set some to plow his ground and reap his harvest, and some to make his weapons of war and equipment for his chariots. He will take your daughters to be perfumers, cooks, and bakers. And he will take the best of your fields, your vineyards, and your olive groves, and give them to his servants. He will take a tenth of your grain and your vintage, and give it to his officers and servants. And he will take your male servants, your female servants, your finest young men, and your donkeys, and put them to his work. He will take a tenth of your sheep. And you will be his servants.
And you will cry out in that day because of your king whom you have chosen for yourselves, and the Lord will not hear you in that day.” ” (1 Samuel 8:7–18, NKJV)
