Don’t call me Wednesday night, I won’t answer. I will either be glued to the television or have my ear up to the radio to hear the State of the Union Speech. Why all the interest? According to this article in the NYTimes, there will be proposed cuts in the State of the Union speech on Wednesday. However, these will be cuts in domestic spending. Quoted directly from the article: “The administration officials said the part of the budget they have singled out — $447 billion in domestic programs — amounts to a relatively small share, about one-eighth, of the overall federal budget.”
Also from the article, “The estimated $250 billion in savings over 10 years would be less than 3 percent of the roughly $9 trillion in additional deficits the government is expected to accumulate over that time.” $250 billion in savings sounds impressive, but when you average it over the 10 years it equals $25 billion per year, which is literally – pennies.
Another thing to consider is the reaction that the elected officials will have to the proposed cuts. Since these will affect domestic spending, and they are coming up on running for office again this year, will they support the cuts? Are they willing to risk upsetting their constituents? (Congress only approved approximately three-fifths of the cuts that were proposed in last year’s budget.)
Our founding fathers wanted America to be “By the people, for the people”, and not have the government run the banks or the auto and health industries. Are there too many entitlements, too many lobbyists, too many specialty programs, too much pork? Are we handing over too much authority to the elected officials, or are they simply not listening to us? What about an honest look at what we need, and fund those programs. Remember the stimulus, giving money to the banks after they made all those foolish loans? Did they really deserve to be pumped up with our money?
Please read the article. And tell me what YOU think. And listen tomorrow night.
Full disclosure: I am neither Republican nor Democrat. I vote based on the record of the candidate. I welcome your point of view on the subject of how our government is working, since it is by listening that we learn.