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Topic: Debt limit fight, Once again here we go.< Next Oldest | Next Newest >
 Post Number: 21
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PostIcon Posted on: Oct. 12 2013,2:57 pm  Skip to the next post in this topic. Ignore posts   QUOTE

^ Sorry Pepe, ain't gonna happen, worst thing to happen is they whine some more. Raising the debt limit, as exactly as it says. We'll continue to pay our bills. :(

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 Post Number: 22
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PostIcon Posted on: Oct. 15 2013,2:19 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

I hope we default then, you will see all the free loaders calling the congress because all the BEENIES stopped.
Now they will have to work to stay alive. :rofl:  :rofl:  :rofl:  :rofl:  :rofl:  :rofl:  :rofl:
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PostIcon Posted on: Oct. 18 2013,6:31 pm Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Glad I Left @ Oct. 04 2013,11:20 am)
QUOTE
I usually consider you an informed person Irish and very detail oriented in your replies.  One of the few on here I legitimately read your entire responses because you don't engage in the personal attacks like so many others.
But I can't think, that even you believe all that you wrote above.  Blaming just the house for the credit downgrade?  That was a total collapse of our entire gov't starting even before Bush 43. Not living within our means has long been a problem at the federal level, despite which party held power in either chamber or White House.
When either party holds only one chamber its difficult to get anything passed.  Case in point is a budget.  When was the last time we had a budget approved?
Do you think the ACA would have been passed if the Dem's didn't hold power in both houses?
Blaming one party or the other really solves nothing.  Both parties need to grow a pair, man up, and negotiate and quit being drama queens in front of the camera.

Thanks for the kind words.  You're right that dems are partially to blame, I personally blame the Repubs for the credit change and recent shutdown though.  But I realize spending increases regardless of whether it's a repub or dem controlled Congress or White House.

Bear in mind, occasionally my posts will sound more heated than I mean them to be.  Sometimes it's for fun, sometimes it's me trying to see if I can get CC to spit coffee all over his computer monitor, or S.B. to throw-up all over his dashboard.   :D


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PostIcon Posted on: Oct. 19 2013,6:15 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^ I don't pile on my dash, do you realize how many little crooks and crevices there would be to clean out  :p

So you admit to being a troll, ' certainly glad I rise above that sort of nonsense :D


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PostIcon Posted on: Nov. 26 2013,7:30 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

Want to Cut Government Waste? Find the $8.5 Trillion the Pentagon Can’t Account For

If you thought the botched rollout of Obamacare, the government shutdown, or the sequester represented Washington dysfunction at its worst, wait until you hear about the taxpayer waste at the Defense Department.

Special Enterprise Reporter Scot Paltrow unearthed the “high cost of the Pentagon’s bad bookkeeping” in a Reuters investigation. It amounts to $8.5 trillion in taxpayer money doled out by Congress to the Pentagon since 1996 that has never been accounted for. (The year 1996 was the first that the Pentagon should have been audited under a law requiring audits of all government departments. Oh, and by the way, the Pentagon is the only federal agency that has not complied with this law.)

We talk to Paltrow in the accompanying video about his findings.

Here are some some highlights he found among the billions of dollars of waste and dysfunctional accounting at the Pentagon:
•The DOD has amassed a backlog of more than $500 billion in unaudited contracts with outside vendors. How much of that money paid for actual goods and services delivered isn’t known.
•Over the past 10 years the DOD has signed contracts for provisions of more than $3 trillion in goods and services. How much of that money is wasted in overpayments to contractors, or was never spent and never remitted to the Treasury is a mystery.
•The Pentagon uses a standard operating procedure to enter false numbers, or “plugs,” to cover lost or missing information in their accounting in order to submit a balanced budget to the Treasury. In 2012, the Pentagon reported $9.22 billion in these reconciling amounts. That was up from $7.41 billion the year before.
•The accounting dysfunction leads the DOD to buy too much stuff. One example: the “vehicular control arm” to supply Humvees. In 2008, the DOD had 15,000 parts -- a 14-year supply (anything more than three years is considered excess supply). Yet from 2010 to 2012, it bought 7,437 more of these parts and at higher prices than they paid for the ones they already had.

The Defense Department’s 2012 budget was $565.8 billion. Paltrow points out that’s more than the annual defense budgets of the next 10 biggest military spenders combined. He tells us the Pentagon “almost certainly is” the biggest source of waste in the government based on his reporting.
Looking forward, defense spending in the fiscal 2014 budget is set to be cut $20 billion from 2013 levels due to the sequester. In response, military officials, including Defense Secretary Chuck Hagel, have raised an alarm over the impact of these cuts. Hagel told a conference the cuts are “too steep, too deep, and too abrupt.”

The Wall Street Journal reports Marine Corps Commandant Gen. James F. Amos told a House panel in September the “abruptness and inflexibility of sequestration…could erode our readiness to dangerous levels.”

“So much of that could be cut, that the impact of the sequester would be much less than [what] Pentagon officials are claiming.” He adds that officials are basing their budget requests on their own priorities, rather than firm knowledge of what’s needed because leaders don’t know what money is slushing around.

The good news is that because of arguments over the deficit and the budget, Paltrow sees signs that members of Congress are getting serious about waste at the Pentagon.
:p


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 Post Number: 26
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PostIcon Posted on: Nov. 26 2013,8:11 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

I imagine a general audit of everything the gov spends money on would be quite eye opening, it should be done. Any ideas who the auditor should be?

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 Post Number: 27
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PostIcon Posted on: Nov. 26 2013,9:25 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE


(Self-Banished @ Nov. 26 2013,8:11 am)
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I imagine a general audit of everything the gov spends money on would be quite eye opening, it should be done. Any ideas who the auditor should be?

There are watchdogs out there in the government.  But they lack teeth.

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PostIcon Posted on: Nov. 26 2013,9:59 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

^ something totally independent of the gov. please. :D

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PostIcon Posted on: Nov. 26 2013,10:04 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

They are independent.  It's not the GAO.

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Actually my wife is especially happy when my google check arrives each month. Thanks to douchbags like you, I get paid just for getting you worked up.  -Liberal
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PostIcon Posted on: Nov. 26 2013,10:36 am Skip to the previous post in this topic.  Ignore posts   QUOTE

Then why not?

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38 replies since Oct. 03 2013,11:42 am < Next Oldest | Next Newest >

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