Ever wonder about that “black budget”….we know that secret money used to fund all sorts of ‘secret’ programs around the world….how do they manage that when there is a budget that they must adhere to…..well somewhat….you ask….I answer….well in this case….in this case I will let US News & World Report do the answering…..
That is my latest poem…the title that is…….
The Congressional Budget Office (CBO) is both, friend and foe, if your particular ideology does not agree with the CBO’s findings then it cannot be trusted because it is a government entity that as we know cannot be trusted to give the people the real facts….and then when it does agree with your particular set of priorities then it is a friend and its findings should be heeded at all costs……
There you have it….it is both friend and foe……
I bring this up because the latest report from the CBO seems to favor the GOP’s set of priorities……..read on McDuff……
CBO’s Key Findings:
- Revenue in 2014 is on track to exceed its historical average of 17.4 percent of GDP.
- The deficit will again top $1 trillion by 2022.
- Interest on the national debt will quadruple over the next decade.
- By 2021, Obamacare will cause a “reduction in full-time-equivalent employment of about 2.3 million.”
- Obamacare “will reduce the total number of hours worked, on net, by about 1.5 percent to 2.0 percent during the period from 2017 to 2024.” The largest decline will occur among “lower-wage workers.”
- Obamacare “will cause a reduction of roughly 1 percent in aggregate labor compensation over the 2017–2024 period.”
To read the full report: http://cbo.gov/publication/45010.
So in this case at this point in the year….the CBO has given lots of ammo for the GOP in the coming 2014 elections….I can hear the “Repeal Obamacare” chants as I write……but the question is….will the CBO still be the friend the GOP needs to win their ‘rightful’ place as the power in DC? Or will it go back to being the propaganda wing of the President?
Remember Paul Ryan…in case your memory is as bad as mine….let me help….he was Mitt’s pick for VP. A lot can be said about Ryan…about the best thing is that he is the GOP’s economic wonk….someone who can play with the big boys in the field of economics…..
Apparently the answer is a resounding NO! I mean it is bad enough to take young men and send them off to war….and even worse sin is to bring the wounded home and then have to deal with a country that cares little for their care…..to the point that charities have to pop up to get the severely wounded the help they need…..the country is way too busy to think seriously about the vets….sorry…they are important enough to be trotted out during campaigns as some sort of prop and then lied to their faces….I hope this country is PROUD of the way it treats veterans.
Like I said they have NOT been screwed enough……Politico is reporting……
Congress and the Pentagon agree that it’s time to tighten the defense belt, including tackling spiraling personnel costs. The question is how and when to do it.
The recent small cuts in pension cost-of-living increases for working-age military retirees have laid bare the divisions on how to appropriately rein in the military’s personnel costs.
Pentagon officials, however, emphasized that reforming the military’s compensation system is unavoidable.
“Secretary [Chuck] Hagel, the Joint Chiefs and the service secretaries agree that we cannot afford to sustain the rate of growth in military compensation that we’ve experienced over the last decade,” said acting Deputy Defense Secretary Christine Fox.
And Vice Joint Chiefs Chairman Adm. Sandy Winnefeld told the committee the Pentagon “can and probably should gradually place compensation on a more sustainable trajectory.”
Under the recent two-year budget agreement, military retirees under the age of 62 would see their pensions increase at a slower pace, with their cost-of-living adjustments pegged to the rate of inflation minus 1 percentage point. Once they turned 62, they would go back to receiving adjustments pegged to the full rate of inflation.
The pension cuts, set to take effect Dec. 1, 2015, initially extended to all working-age military retirees. But the $1.1 trillion spending bill that cleared Congress earlier this month gave a pass to disabled veterans and surviving families, a move the Pentagon supports.
Pentagon officials, to her knowledge, were not consulted on the details of the budget agreement brokered by Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan (R-Wis.), Fox said. But the department “fully supported” the provision in the omnibus spending bill that restored the cuts for disabled veterans.
Another slap to the face of vets……if the Congress wants to cut anything let these self-righteous morons start with their pay and their benefits….at least the vets did what was asked of them….the Congress is ordered by money not the people…..
The treatment of vets is shameful and as a vet …..DISGUSTING!
Of course the usual talking points will be in full bloom this year…after all in is an election year….and of course the opposition will keep harping on the deficit and how out of control it is and how if they are elected all will somehow to alright….
But did you know……of course you didn’t because it is not something that they want you to know…kinda craps on their BS……
I have wondered along with many other political writers just where are the conservs with cajones…..the adults in the GOP have let the kids from the Tea Party and some advocacy groups run rough shod over the policies of the party…..like the recent budget deal…..personally, I found it lacking in so many areas….but some groups were bashing it even before it was officially announced…..and they were very verbally abusive to the people that were voting for the deal…..
Then a miracle on 34th street (like the Xmas cinema reference?) appeared on the horizon…….a voice of sanity, at least for now….and who could this masked man be?
(Newser) – John Boehner slammed political advocacy groups today, which would be no big surprise except the groups in his sights are on the right, not the left. “They’re using our members and they’re using the American people for their own goals,” Boehner told reporters, after prominent conservative groups such as the Club for Growth, Americans for Prosperity, and Heritage Action slammed the new budget deal even before it was officially announced, reports NBC News. “This is ridiculous.” The LA Times described it as “uncharacteristically forceful” language from the speaker, who has sought to keep the groups in his corner during previous budget battles.
Boehner delivered similar remarks to House Republicans behind closed doors, reports the Hill, suggesting to the rank and file that the groups were more concerned with raising money than defending conservative principles. The groups say they’re angry that the proposed deal raises spending levels in 2014, albeit slightly—to $1.012 trillion from the $967 billion that would have been in place had the full sequester cuts taken effect. The full House votes on the measure tomorrow, and Boehner’s language suggests he’s not worried about the vote failing, even if a conservative bloc defects. Said Ryan: “We feel very good at where we are with our members.”
Yes sports fans….that masked man is John Boehner……who would have thought it?