Liberal free for all coming to an end

[randolph]

Originally Posted by GRH

http://www.fms.treas.gov/mts/mts.pdf

I'm not sure where the 44% was originally quoted from. It could be that Geithner was using annualized data. But I just tallied up tax receipts versus outlays for the period between January 2011 to May 2011. Based on the data for these months, if we were living SOLELY on tax receipts, spending would have to be reduced by 36%. An no, that is NOT limited just to discretionary spending...That's total federal expenditures.

So my point stands, albeit perhaps not so pessimistically as the original 44% assumption that Rush was quoting (and it is entirely possible that this number could be arrived at depending on how you treat the data). If we axe EVERY dollar of discretionary, education, and social safety net programs...How are we going to make up the difference without defaulting on our pension/Social Security/Medicare/defense obligations?

I'd like to see one of these "we can pay the interest on the debt with tax receipts" advocates address this issue.

The Teanderthals don't care to seriously look at actual data, Flush Limbob provides all the information they want to continue their delusions.