Sounds like a plan...
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Good article pointing out the obvious. The govt takes in more than enough to pay out bond responsibilities. You simply stop paying for other areas of govt. This means real cuts in entitlements, defense, and other discretionary spending. Its a win win.
http://online.wsj.com/article/SB1000...pinion_LEADTopIn fact, if Congress refuses to raise the debt ceiling, the federal government will still have far more than enough money to fully service our debt. Next year, for instance, about 6.5% of all projected federal government expenditures will go to interest on our debt, and tax revenue is projected to cover about 67% of all government expenditures. With roughly 10 times more income than needed to honor our debt obligations, why would we ever default?
To make absolutely sure, I intend to introduce legislation that would require the Treasury to make interest payments on our debt its first priority in the event that the debt ceiling is not raised. This would not only ensure the continued confidence of investors at home and abroad, but would enable us to have an honest debate about the consequences of our eventual decision about the debt ceiling.
Sounds like a plan...







Let's start with cutting off the South. Seems like a win/win, since they're the source of much of our deficit anyway.












I recall from the 2009 pubs of the Census reports on Federal Government Expenditures, per capita, by State not agreeing with your statement. Virgina may top the list but followed by Maryland, Alaska, Kentucky, New Mexico, Hawaii, North Dakota, Wyoming, Connecticut and Massachusetts being the top 10.
Define for us where you get your information or your assumption of "the South." There may be a more recent analysis but I did not find it just yet.
http://www.census.gov/prod/2009pubs/cffr-08.pdf
- Frustrated Independent
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." - Benjamin Franklin
"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people.” - Penn Jillette amazingly enough, and I agree.







It's an analysis of net federal tax revenues vs. expenditures. "Red" states generally consume more federal dollars than they produce. "Blue" states generally produce more federal dollars than they consume. The South is crimson. Thus, removing the South would result in a significant reduction in our debt problem.





- Frustrated Independent
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." - Benjamin Franklin
"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people.” - Penn Jillette amazingly enough, and I agree.







I'll have to see if I can track it down again.
Edit: Start here:
http://voices.washingtonpost.com/ezr...te_ripoff.html
Last edited by pramjockey; 01-19-2011 at 04:21 PM.





- Frustrated Independent
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." - Benjamin Franklin
"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people.” - Penn Jillette amazingly enough, and I agree.
And a good one. Exactly what conservatives have been arguing, less govt. Wherever that happens is fine by me. I would be surprised if the facts back this graph though, in that conservative areas recieve more tax dollars than liberal ones. You have to split it by urban and rural though. I know for a fact that I pay more into taxes than I get in benefits. Far more. I suspect thats true for most conservatives. Of course I live in a liberal city, so its quite possible my city recieves more dollars than it puts in.
Perhaps the voting simply doesnt reflect who lives in those states. Maybe conservatives vote more, while their states recieve more tax dollars. Given 2/3 of the budget is medicare and social security, and those programs arent exactly voluntary, not to mention apply to people who move, I could see how this graph basically says nothing at all. Its a meaningless statistic.







Just tax the god-damned religions that are tax free.
to live is to suffer-Fritz lang





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