Wednesday, April 13, 2011

President Budget Reduces Deficit by $1 Trillion

A review of leaked copies of the President’s speech indicate he will propose a major change to how Federal Employees are reimbursed over a five year period in a drastic effort to eliminate the federal deficit and make significant inroads into the current Federal Debt.
President Obama's plan calls for a complete elimination of all Federal Salaries for the next five years.  Federal employees will be assigned to the nation’s wealthiest citizens who will cover their living expenses for the next five years.
The White House expects to gain bipartisan support for the measure since it avoids increasing tax rates on the wealthy and significantly reduces federal spending.
Details of the plan are unclear but it is expected that the wealthy will be entitled to exemptions for the Federal Employees they support during the program.   The plan reduces the federal budget by $259 Billion per year and saves $1.3 Trillion over five years.
 Even with the elimination of all federal salary costs the FY 12 deficit is $1.386 Trillion and there is speculation of additional drastic steps in the President’s plan.
Unconfirmed Pentagon rumors include a 24 month stand down of the military that would eliminate all military spending and furlough all service personnel for two years.  Funding for Veterans as well as Foreign Military and Economic aid would continue.
If implemented this would eliminate another $1.536 Trillion over two years.  After elimination of the Military the FY 12 budget deficit drops to a mere $618 Billion.
Defense officials feel it would take foreign nations at least 30 months to effectively mount a military action against the United States and that they could easily respond to any gathering threat in the six months after the stand down.
Reaction to the plan from federal employees is mixed.  Most want to know who they will be assigned to before making a decision.
 Budget Recap (In Billions) 

Initial Spending Plan
Initial Deficit
Federal Salary Elimination
Military Defense Elimination
Revised FY12 Deficit


Even with these satirical...and impossible... budget reductions we have a significant problem caused by reckless practices of both parties that now needs to be addressed...There are no simple sound bite solutions and partisan attacks don't advance a solution.


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