Pelican Parts
Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help

Go Back   Pelican Parts Technical BBS > 5 - Miscellaneous > Off Topic Discussions > Off Topic - Politics and Religion

LinkBack Thread Tools Rate Thread
Thread Post New Thread    Reply
canna change law physics
red-beard's Avatar
Join Date: Jul 2000
Location: Houston, Tejas
Posts: 35,032
How would you balance the budget - Show your work!

How would you balance the budget? Use the numbers from the 2010 budget as mapped out here. And please show your work. If you raise taxes, show what taxes you will raise and give the plausibility of it working.

From the original discussion

Budget - Where is the problem?

Let's talk disconnects

We have taxes coming in and spending going out. Some programs are supposed to be funded by specific taxes. Others come from General spending.

Here is the source for the data for 2010:


Government Taxes and Revenue in United States in 2010 - Federal State Local Charts


US Federal Budget Pie Chart for FY11 - Charts

Social Security (including disability):

Revenue = $635.2B
Spending = $787.6B


Revenue = $180.5
Spending = $497.3


Revenue = $51.5B
Spending = $106.6B


Revenue = $48B
Spending = $104.2B

Total specific spending $1495.7B
Total specific revenue $915.2B
Delta: -$580.5B

Other Income: $1253.3
Other Spending: $2338.2B
Delta: -$1084.9

Other income detailed
-Income Taxes: $1,092.5B
-Excise Taxes: $25.2B
-Customs Duties: $23.8B
-Estate Taxes: $17.0B
-Other Revenue: $17.8B
-Federal Reserve Income: $77B

Other Detailed Spending:

-Interest: $250.7B
-Defense: $928.5B
-Health R&D: $38.5B
-Medicare/SCHIP: $357.7B
-Education: $140.9B
-Welfare: $358B
-Police: $30B
-Court: $18.9B
-Prisons: $8.3B
-General Government: $29B
-Research: $17.1B
-Fuel & Energy: $17.6B
-General Economic: $19.6B
-Ag, Forest, etc: $32.4B
-Pollution control: $11.4B
-EPA, etc: $11.7B
-Community Dev: $32B
-Water: $8.5B
-Rec & Sports: $4.1B
-Other Revenue(in spending): $-3.1B
I proposed - The balanced approach

To Balance:

I am proposing a balance of spending cuts and tax increases. I am suggesting about $500B in tax increases, just to cover Social Security and Medicare, plus Transportation. But we are still $1T in the hole with a budget of only $2T from which to cut.

-Defense: $928.5B - 35% = 324.975B
-Health R&D: $38.5B - 90% = 34.65B
-Medicare/SCHIP: $357.7B - 60% = 214.62B
-Education: $140.9B - 80% = 112B
-Welfare: $358B - 80% = 286.4B
-Police: $30B - 80% = $24B
-Court: $18.9B - 50% = $9.45B
-Prisons: $8.3B - 25% = $2.1B
-General Government: $29B - 0% = $0B
-Research: $17.1B - 80% = $13.68B
-Fuel & Energy: $17.6B - 80% = $14.08B
-General Economic: $19.6B - 75% = $14.7B
-Ag, Forest, etc: $32.4B - 80% = $25.92B
-Pollution control: $11.4B - 30% = $3.42
-EPA, etc: $11.7B - 50% - $5.85B
-Community Dev: $32B - 90% = $28.8B
-Water: $8.5B - 0% = $0
-Rec & Sports: $4.1B - 90% = $3.69B
-Other Revenue(in spending): $-3.1B - 0% = $0

Reductions: $1091.826B
The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994)
Red-beard for President, 2020

Last edited by red-beard; 11-13-2012 at 03:34 AM..
Old 11-13-2012, 03:30 AM
  Pelican Parts Technical Article Directory    Reply With Quote #1 (permalink)
300hp 1800lbs is the goal
pksystems's Avatar
Join Date: Jan 2007
Location: Earth
Posts: 1,825
Print money as fast as possible and try to pay off the debt before anyone notices? Then startup a new currency.

It may have already begun if you believe this conspiracy....


Either that.... or the rich realize that $69billion won't get you #1 pretty soon.
The '66 912 Bastardization project has begun.

Climate Change? If it ever stops changing, we're in big trouble.
Old 11-13-2012, 07:45 AM
  Pelican Parts Technical Article Directory    Reply With Quote #2 (permalink)

Thread Tools
Rate This Thread
Rate This Thread:


All times are GMT -8. The time now is 06:17 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2016 Pelican Parts - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page

DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.