The budget is small potatoes . . . it's the debt ceiling that will be the killer. Will the US, for the first time in history default on Treasurys?

Your solution is simply to raise the debt ceiling?
Rather simplistic, no?
Your boat is sinking so rather than 1) Stop the leak, and 2) pump out the excess water, you want to transfer to a larger, still leaking boat?
At some point the budget must balance. Right now it is possible to do that. In another year or two, the debt will become IMPOSSIBLE to repay. What then.

I'd prefer a plan now--even a painful plan, if the pain is fairly distributed--over bankruptcy, and total economic meltdown and anarchy sometime in the future.
Look at what happened in Poland when their economy hit the wall---not pretty.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

Rather presumptive, yes?

Nancy Pelosi:
Seniors will starve to death, education will come to a screeching halt and I think I heard that our waters will become instantly polluted as well.

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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15
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A serious question for someone who can calculate in trillions and billions since I'm just trying to get my brain around these numbers .

The GOP's number of $50-65 billion in cuts (I've heard various numbers thrown out and I understand there has been no official plan proposed yet) have been portrayed as "extreme" and "draconian." I've heard a couple interviews on the radio in which that ~$60B cut in the $3.69Trillion budget works out to a reduction of 2.6 pennies/dollar. FWIW the host is a Libertarian and the woman in the clip I believe was a GOP politician.

How did they arrive at $0.026?

$60B=$60,000,000,000
$3.69T=$3,690,000,000,000

To make it simpler for minds like mine by getting rid of 9 zero's:

$60
$3,690

And I come up with $0.016 which is 1.6 pennies.

Am I missing something or am I incorrect in my calculation?

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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15
'06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)

I just don't see that happening.

Were the money that goes to the Dept. of Education, which btw is doing nothing of quantitative value, instead went to our seniors, they could all eat out in fine family restaurants and enjoy that glass of red wine that is so healthful.

I don't believe anything that woman says. The bigger the government, the smaller the citizen.

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I don't think the "will kill children" slogan will get much play, but "draconian," and "extreme" are probably apt. "Delusional" is another word that comes to mind:Paul Ryan is a clown.

So once you get past the name-calling, where is the responsible democrat alternative?
They have abdicated leadership at every opportunity. The last election demonstrated how out of touch they are with the people.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

I agree that name calling is not productive, but it bugs me that the media treat Ryan as if he has offered a serious proposal.

I'm not sure what Congressional democrats have in mind, but Obama submitted his budget about a month ago. Are you suggesting that his proposed budget is not a responsible alternative?

Both sides are just playing to their constituencies.

Schumer says the Dems want $33 billion. If my math serves me correctly ($33/3690) that works out to $0.009 reduction per $1.00 spent. I think many people hear $33 billion and think, "Wow, they're really tightening their belts." The reality is it's less than a penny per dollar in cuts.

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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15
'06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)

I wonder about that. Who is Ryan's constituency? He wants to get rid of Medicare and Medicaid. Is there much of a constituency for that?

Or how out of touch with reality the voters are. All they did was trade idiots.

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- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

How about raising taxes?

While I don't disagree with the proposal that individuals or organizations that create jobs or stimulate the economy should be encouraged by a lower rate, the current system does not specifically tie either job creation or economic stimulus with qualifying for the lower rate. If a taxable entity hires Amercian workers and increases industry in the US . . . give them the incentive, but if that entity's profits are from moving operations offshore, downsizing and sitting on profits, then perhaps they won't get a break on taxes. Right now, the tax incentives seem to be all "carrot" and no "stick"

With the economy already in the doldrums, how much of a tax increase can it stand before it collapses? I don't have the answer, just asking.
I am not an economist---but then they haven't done such a great job, either.
As for your proposal, i don't know. I wouldn't reject it out of hand, but I wouldn't endorse it without more study. It is a darn sight more than I hear from the dems, though.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

http://www.whitehouse.gov/omb/budget