Thursday, July 28, 2011

BASELINE BUDGETING (AGAIN)

Thanks to Rush Limbaugh’s Wednesday broadcast, I decided to say a few words about baseline budgeting again…probably for about the eighth time in the roughly four years I’ve been attempting to educate you.
Basically, under the baseline budgeting approach the current year budget is increased a percentage to become the baseline for the next year. If this raw amount would be 500 billion dollars and through congressional action the actual increase becomes 250 billion dollars…it is then reported as a tax cut of 250 billion dollars when in actuality it is an increase of that amount.
The truth of this matter is never reported in the MSM or by those in Congress.
Rush said that under this type of budgeting the budget in 2021, ten years from now, will be 5.7 trillion dollars…two trillion roughly more than it is now. Correcting this should be a focus of every conservative.
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Link to repeat of a great gun control related video: H/T Chuck
Link to Obama 2006 quote regarding debt ceiling: H/T Ray
Link to a once popular song:
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LINDEN’S LIFE
On Wednesday, I had biscuits and gravy at Chick-fil-A, went to a store, bank, post office, and by the church and Pier 14. Did a load of wash, some writing and some concert related stuff.
Feel free to make others aware of this blog and our efforts to support worthwhile political and social causes.
The comments link below has been disabled and anything that gets through by accident goes to spam. Send comments or questions to LWDcomment@aol.com

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