Let's Understand Grover Norquist's Arithmetic
 

During his interview on 60 Minutes last night, Grover Norquist stated that he wanted to reduce federal spending to a point that it would "fit in a bathtub". When questioned further, he stated that a federal budget amounting to 8% of GDP would be an appropriate level.

Let's just make sure we all understand Norquist's arithmetic.

• Federal spending in 2010 was $3.6 trillion
• U.S. GDP in 2010 was $14.582 trillion.
• 8% of our most current GDP would amount to $1.17 trillion.
• Following the arithmetic, that would require a 68% cut in federal spending!

It's also probably instructive to again look at the make up of our federal spending. Before we begin, it should be noted that interest on our national debt amounts to 6% of our spending right now. If we assumed that we would not default on our debt, that leads to the conclusion that Norquist would have federal spending for all other purposes reduced to only $720 billion.

So lets take a closer look at where we spend our revenues...

• $903 billion - Defense
• $882 billion - Medicare and Medicaid
• $793 billion - Social Security
• $482 billion - Welfare and Unemployment Benefits
• $203 billion - Interest on our national debt
• $93 billion - Transportation
• $61 billion - Homeland Security
• $33 billion - General government
• $158 billion - Miscellaneous

There's no sense debating where spending would have to be cut to meet Norquist's objective. Almost everything would have to be eliminated, certainly including Social Security, Medicare, welfare payments, unemployment benefits, etc. Whether there would be any money available to fund national defense is problematic. (Remember, Norquist's objective is to reduce federal spending to the level that existing in 1900.)

Now, after you get your arms around the arithmetic, remember that Norquist controls all the Republican members in the House and Senate with an ideological iron fist.All but a few Republican members of the House and Senate have signed the pledge to Norquist never to ever raise taxes in any way.

The pledge Norquist forces GOP candidates to sign is simple. It says, "...ONE, oppose any and all efforts to increase the marginal income tax rates for individuals and/or businesses; and TWO, oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates."

If this doesn't scare the bejesuz out of you, I don't know what will.

By the way, how much has your 401k or investment account gotten hit this morning as the result of the failure of the super committee to reach some compromise on trying to reduce the defict? The market is down over 300 points as I write this. Oh I forgot, Norquist won't let the Republicans on the committee compromise one whit on figuring out ways to increase revenue to the government.

It is incredibly disappointing to me that there seems to be so little outrage over Nordquist's hold on congress and tax issues. I knew of Nordquist and his excessive power prior to the Sixty Minutes peice, but it shined an additional bright light on this despot. I suppose some on the far right will claim it was a typical hatchet job from the liberal media. How can so many people be fooled into supporting this self-destructive fiscal policy? Nordquist does not care about this country, or at least the vast majority of people who make it up.

All of this is why the current tax code needs to be abolished and replaced by some form of flat tax system.

"The new flat individual income tax system will be designed so that federal individual income tax receipts will be equal to approximately 8% of the country’s gross domestic product (GDP), in line with the historical share of federal individual income tax revenue relative to the size of the economy 16 The cumulative tax changes proposed, including those to the corporate income tax system, will be designed so that total federal revenues average 18% of GDP, the 50-year U.S. average for federal tax receipts. The federal payroll tax will not be affected by the new flat tax system."

Much more on Rick Perry's page....

http://www.rickperry.org/cut-balance-and-grow-html/

Perry is the man !!!!!!!!

The R's should nominate him -

So why did not the other, numerous liberal-bent t.v. networks do such a similar exposé a long time ago?

Could it be that they don't mind his connections to Muslim Brotherhood?

"Perry: The Islamic Society of North America is the leading edge of the Brotherhood movement here, yet it remains a formal outreach partner of the government even though ISNA was implicated in a criminal scheme to funnel over $12 million to Hamas terrorists. Its president, in fact, just spoke at a Justice Department conference on “post-9/11 discrimination.”

Mohamed Magid also prayed with Obama in the White House. It’s not just Obama though. I’ve seen the matrix with all the names of the leaders in the U.S. Brotherhood’s Shurah Council. They include people Bush prayed with after 9/11. The enemy has been inside the wire for quite some time. It’s just making deeper inroads now.

FP: Ok let’s get to Suhail Khan and Grover Norquist. What information do you have on them?
Sperry: Let me start with some background regarding Norquist. Though he’s known as the Beltway’s top antitax lobbyist, he’s also a paid lobbyist for enemies of the United States. Prior to 9/11, he was bankrolled by the General Masul of the U.S. Brotherhood — the same Alamoudi I mentioned earlier — who also happened to be al-Qaida’s top bagman in America."

http://frontpagemag.com/2011/11/08/t...ublican-party/