by UNCENSORED NEWS
| August 1, 2011 at 01:26 pm
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Obama drops education benefits in 2012 and the Pell Grant is cancelled by 2015. Projected Pell Grants budget zero from 2015 – 2021 Other education expenses are cut starting in 2012. Does the Obama administration mislead its public in regards to future education programs and Pell Grant cuts? The table in the photograph attached outlines the changes in the upcoming nine-year budget by the Budget Control Act of 2011 or the Boehner Bill which is also indicated in a letter to Harry Reid the Senate Majority Leader in the highlighted section below. Also, see photo for budget layouts. SOURCE: Congressional Budget Office [see highlighted example below.] All changes to mandatory spending will be counted for Congressional scorekeeping purposes other than the program integrity initiatives. The changes to discretionary spending and debt service will not be counted for scorekeeping purposes. This guideline is regulated by the FCC = Federal Communications Commission. Components may not sum to totals because of rounding. With the effects of the discretionary caps measured relative to CBO's January baseline, the legislation would reduce budget deficits by slightly more than $2.4 trillion between 2012 and 2021. Savings in discretionary spending would amount to about $1.930 trillion, mandatory spending would be reduced by $29 billion, revenues would be $43 billion higher, and the savings in interest on the public debt because of the lower deficits would come to $421 billion. These amounts reflect the cap adjustments (budget authority) specified in the legislation. Some of the amounts specified are already assumed in CBO's baseline. Therefore, only part of the cap adjustment reflects potential new spending for program integrity activities over and above the amounts projected in CBO's baseline. In addition, the Joint Select Committee on Deficit Reduction could spend existing funds upon startup near the end of fiscal year 2011. CBO estimates that would constitute an increase in direct spending of less than $500,000 in 2011. Positive numbers indicate an increase in revenues (and therefore a reduction in the deficit). Negative numbers indicate a reduction in the deficit. Obama also wants to cancel U.S. military and space programs for the United States. The future Combat System Program cancelled by 2017 entirely. Obama wants to truncate the DDG-100 Destroyer program and replace this with Fire-Support Ships instead. From 2008 – 2017 Obama will decrease funding for this program by 3.75 billion dollars. Obama wants to cancel the U.S. future Prepostioning Ships Force (Future construction) by cutting 14 billion dollars between 2008-2017. Obama wants to cancel the manufacture of F-35 Joint Strike Fighter planes and replace them with F-16 and F/A-18’s therefore decreasing the budget by 47.2 billion dollars. Obama wants to cancel Navy and Marine Joint Strike Fighters and replace with F/A-18EF’s which will decrease the budget for this weapon by 13.2 billion dollars. The airborne laser program will be ceased in 2011. No monies will be used to further this program after 2011. Obama is cancelling the future Satellites and Tracking Space program cutting 11.6 billion dollars between 2008-2017. He is cancelling the development of ground-based midcourse forces for the American defense system during 2008-2017 by cutting 11.2 billion dollars from this program. He is cancelling the Space Radar Program to save 13.6 billion dollars. He intends on decreasing pay benefits for active duty military by 13.6 billion dollars. He is cutting Warrant Officer pay increases by 2.9 billion. Obama is reducing personnel to cut pay costs in overseas Military headquarters in unspecified amounts. He is appropriating 8.8 billion dollars to replace military personnel with civilian department of defense new hires. Obama cut reservists funds by 4.5 billion dollars. Tricare for Life benefits will be decreased by 16.5 billion dollars over the next 9 years. See photo - Discretionary Spending 050-1
of the future cuts from our United States financial government capital spending chart. Source: Facts: Congressional Budget Office.
The Boehner Bill 2011 Cuts on Spending
Letter to Harry Reid-Senate Majority Leader
Budget Options 2007 which highlights all future spending cuts until 2017 in every department of the U.S. government.