Monday, January 15, 2007

Federal Budget Slashing in Progress…

Re(1): ‘U.S. Senate Committee on Appropriations – Continuing Resolution’

Oh, Dear God…

Death and Dismemberment…

How can we survive the budget cuts of FY2007?

The homeless… The children… Our Education… The military… Health Insurance... Science… Temple Construction… Monument Design… Wars of Imperialism… The Fourth Reich… My Mental State of Being…

Hear the howls of protest and derision?

No, neither do I.

Quietly, the inability of the Oinkers from the Right to agree with the Swine from the Left resulted in budgetary gridlock through at least February!!! Dear God, most of the Federal Government must cinch its belt and survive on last year’s budget.

Oh, the humanity.

But, there is a silver lining in every cloud. If our nation’s governmental apparatus does not collapse into the very dust of its own substance as a result of these severe cutbacks (one year’s inflation – ie. about 2%) we might be looking at a budget surplus for FY2007. Here is how the numbers work out:


The revenue numbers are the actual revenues for FY2006 and projections derived from expected growth - and, no, these are not silly CBO and OMB numbers that project a decrease in tax revenue. It ain't going to happen Lefties so get over it. Personally, I think the growth noted with the grey background is most likely - but things are starting to look even better as the month of January has moved on... Thus, it is not silly to start looking at the +13% - +15% numbers.

Actually, it might be a bit better. I am using projected growth for the Department of Defense and the Department of Health and Human Services to generate the expenditure number. These seem to be the only Departments that are still complaining about their belly ‘dunlapping’ over their belts. Unbelievably, however, the expenditures are almost flat this quarter. But, lets not hope for the best and get slammed in the face. We can be certain that big chunks of both political American Parties can agree on one thing - and one thing only. Even a blind sow can find an acorn in the trough, eh...

I don’t know how we are going to survive.

I will have to feed, water, clothe, house, and transport myself.

Oh, the humanity!!!

1 comment:

Anonymous said...

Great site- this is my first time visiting. I wish spending would be that low and tax revenues that high, but I don't think it's realistic.

You're projecting a mere 3.2% spending growth, which this president hasn't shown he's capable of. And our economy doesn't generally have double-digit revenue growth for 3 straight years; 8% is probably more like it.

At 5% spending growth, expenditures come to $2.787 trillion. At 8% revenue growth ($2.599tr, per your chart), that still leaves a $188 billion deficit.

That's probably more realistic. Still, it's nice to know that a) we're close to balancing the budget; and b) the problem is excessive spending, not lack of revenue.