🚀 go-pugleaf

Charlie Gibbs <cgibbs@kltpzyxm.invalid> writes:
> Nah, they just have a different definition of "fiscal responsibility":
> they're responsible for spending, we're responsible for paying.

2002, congess less the fiscal responsibility act expire
(spending can't exceed revenue, on its way to eliminating all federal
debt).
https://en.wikipedia.org/wiki/PAYGO#Statutory_PAYGO_(1990%E2%80%932002)
https://en.wikipedia.org/wiki/Omnibus_Budget_Reconciliation_Act_of_1990
https://en.wikipedia.org/wiki/Balanced_Budget_Act_of_1997

past posts
http://www.garlic.com/~lynn/submisc.html#fiscal.responsibility.act

the first major act after fiscal responsibility act lapses is Medicare
Part-D. CBS 60mins had segment on it, 18 republicans responsible for
getting the act passed ... just before the final vote they add one
sentence to the bill (and prevent CBO from distributing report on the
change) which prevents competitive bidding. They show drugs under part-d
that are three times the price of the identicial drugs under competitive
bidding. They also find that all 18 have resigned withing 6 months of
the bill passing. past posts
http://www.garlic.com/~lynn/submisc.html#medicare.part-d

The US Comptroller General then starts including in speeches
that nobody in congress is capable of middle school arithmatic
(for how badly they savage the budget) and that part-d comes
to be a long term $40T item that totally swamps everything
else. past posts
http://www.garlic.com/~lynn/submisc.html#comptroller.general

2010, CBO reports that 2003-2009, taxes cut by $6T and spending
increased $6T, for $12T budget gap compared to the fiscal responsible
budget (first time that taxes were cut to not pay for two wars).

post today on aspect of war in Iraq (have to destroy something in order
to save it)
http://www.garlic.com/~lynn/2018e.html#9 Buying Victory: Money as a Weapon on the Battlefields of Today and Tomorrow


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virtualization experience starting Jan1968, online at home since Mar1970