Just how miniscule are the proposed budget cuts from the Ryan/Murray plan (or “ridiculous” as Boehner calls the objections)? Once again, it’s time to revisit the simplification calculator as we did back in February when the sequester cuts were put in place – https://spellchek.wordpress.com/2013/02/20/obama-claims-sequestration-cuts-severe-could-you-afford-109-bucks-a-year-out-of-your-budget-without-calamity/.
All you have to do is drop nine zeros from the budget numbers to equate them to a household budget.
Our approximately $3.5 trillion dollar annual federal budget equates to a $35,000 annual budget.
The numbers in question are the annual discretionary spending limits proposed to be $1.012 trillion in 2014. That’s $10,120 in our household budget.
In return for restoring $71 billion in discretionary spending, Ryan/Murray claim it will save $85 billion over 10 years. The projected overall savings are just $23 billion (that doesn’t factor in interest).
We’re talking about a whopping $23 bucks in savings here people!!! Would you be touting $23 in savings over a decade in your household budget? Factor in our deficit spending interest and your savings just evaporated.
With $17 trillion in debt and $100 trillion in unfunded liabilities (or $170,000/$1,000,000 in our household budget scenario), you can see why conservatives across the nation are laughing at this proposal as not even a remotely serious attempt at controlling spending.