Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Here are a couple ways to cut the budget

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 07:14 PM
Original message
Here are a couple ways to cut the budget
from a friend's email earlier today:

First, the funding for OCO (Overseas Contingency Operations) should be stripped from the Pentagon budget beginning in 2013. OCO is, simply put, the budgeting for overseas wars. Seventy members of Congress, including Iowa's Bruce Braley, suggested this to the supercommittee in September, and indicated that it would save $1.8 Trillion. This would not leave the Pentagon's pockets empty nor leave the country defenseless. The Pentagon budget of over $500 billion per year is bloated, and who wants more overseas wars anyhow? The second initiative is the Financial Transaction Tax, proposed by Senator Harkin and Congressman DeFazio, which would assess a tax of $3 for each $10,000 in stock & derivative trades, with exemptions for small investors. This would be projected to raise $350 billion over ten years, and would have the added benefit of putting a small brake on unproductive financial speculation.
Printer Friendly | Permalink |  | Top
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 07:19 PM
Response to Original message
1. Excellent idea
I've suggested a 10% cut per year until the Pentagon budget was in line with what other countries have suggested in the vain hope the generals would reconsider their mission as one of defense, not Imperial warfare.

This idea is even better since it takes the money right out of their hands and prevents its being spent on more wars of corporate convenience.

Raising revenue is also essential along with this. The transaction tax on Wall Street is also an essential part of reining in the speculators, especially those using HFT to shave profits out of 0.01 cent changes in value. The will isn't yet there to sock it to the billionaires the way they deserve to be socked but the transaction tax will help a great deal.
Printer Friendly | Permalink |  | Top
 
rurallib Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 07:21 PM
Response to Reply #1
2. I wonder how many had ever heard of the OCO?
Until about 2PM this afternoon, I never had.
Printer Friendly | Permalink |  | Top
 
jmowreader Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 07:32 PM
Response to Reply #1
4. You know generals don't usually run out and start wars on their own
You've got a decent idea, but all of the wars we're in right now were started by presidents, not generals.

I have a lovely idea: Every time a president decides to launch an unnecessary war, he should be forced to go hat in hand to Congress and ask for enough of an endstrength increase that we can use soldiers to flip burgers and haul diesel instead of hiring mercenaries.
Printer Friendly | Permalink |  | Top
 
Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-22-11 11:18 PM
Response to Reply #4
5. Without the big slush fund, Presidents would have to go hat in hand
and have Congress declare war instead of sending them halfway around the planet because some corporate office started to scream like their nuts were in a vise or some fat cat screamed communism or some corporation saw a natural resource that had a bunch of inconvenient brown people who didn't want to be moved sitting on it.

Without a military slush fund, they'd have to go to Congress. That's why.
Printer Friendly | Permalink |  | Top
 
sam11111 Donating Member (638 posts) Send PM | Profile | Ignore Tue Nov-22-11 07:27 PM
Response to Original message
3. good ....but....using the word CUT just strengthens the RW meme "cut cut cut"
So pls consider stressing raising Revenue...which the RW has blocked from the discussion. Thanks
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri May 24th 2024, 04:43 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC