[Oe List ...] Federal budget

Mon Nov 15 09:04:21 CST 2010

Ken and I actually did the exercise suggested in the NYT editorial section yesterday evening.  We could only come up with about 1Billion of expenses and income.  We stuck at the options for Medicare and the tax increase options, particularly the VAT (English term for national tax.)  If it includes groceries this could be very problematic.  I can't imagine it would ever be considered, but something drastic has to be recommended so it can be talked about.

I wish every media would encourage all people to do some sort of reduction/increase exercise - that one was a ittle bare bones - but it would begin to get more people engaged in the really tough decisions waiting for us in the next few years.

Clare Whitney
  ----- Original Message ----- 
  From: Herman Greene 
  To: 'Order Ecumenical Community' 
  Sent: Monday, November 15, 2010 6:36 AM
  Subject: Re: [Oe List ...] Federal budget

  Interesting articles in yesterday's NYT on fixing the budget. The second article gives you an idea of areas of expenditure in the federal budget.

  http://www.nytimes.com/2010/11/14/weekinreview/14leonhardt.html?_r=1

  http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html?hp?src=ISMR_HP_LO_MST_FB 

  For Susan, here's a link to authoritative OMB documents on the 2011 federal budget:

  http://www.gpoaccess.gov/usbudget/ 

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  From: oe-bounces at wedgeblade.net [mailto:oe-bounces at wedgeblade.net] On Behalf Of Susan Fertig
  Sent: Sunday, November 14, 2010 8:21 PM
  To: 'Order Ecumenical Community'
  Subject: Re: [Oe List ...] Federal budget

  Hmmm-in the first link below, the Health and Human Services budget is shown at $900 billion, with $719 billion for Defense Department (of which $200 billion is for defense efforts in Iraq, Afghanistan, Yemen)--which is inconsistent with the chart below, in particular the $600 billion for "all other departments".

  I wonder how much of the Defense budget is for personnel and how much for defense systems.  When I have time I'll try to ferret that out.

  Susan

  From: oe-bounces at wedgeblade.net [mailto:oe-bounces at wedgeblade.net] On Behalf Of Herman Greene
  Sent: Sunday, November 14, 2010 11:29 AM
  To: 'Order Ecumenical Community'
  Subject: [Oe List ...] Federal budget

  http://www.onlineforextrading.com/articles/2011-federal-budget 

  http://www.federalbudget.com/

  http://en.wikipedia.org/wiki/United_States_federal_budget

  Here's a chart for 2010 just considering "discretionary spending." People go both ways on whether Social Security is part of the Federal Budget.

  On Thursday February 26th, the US Federal Budget for 2010 was released. In a sea of 140 pages, there was over $600 billion going to defense and roughly another $600 billion going towards all other departments and programs. Obama forecasts a $1.75 trillion deficit increase but for the overall US deficit to be halved by the end of his term, partially through $989 billion in new taxes. (Guess what's happening to the new taxes.)

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