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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (159499)	1/31/2003 12:21:47 PM
From: i-node	Read Replies (1) \| Respond to of 1588513

So list the services you would cut. I have no say in the matter. If I did, the first thing I would do is to eliminate the Internal Revenue Service in favor of a National Sales Tax, and would eliminate Social Security in favor of a program that is actuarily sound in which people could control their own money. I would eliminate spending on anything in West Virginia, because you know damned well the only reason it is being spent is because Bob Byrd is controlling the purse strings. As to EPA & OSHA, they could both go -- totally useless money pits. SEC would be paid for by user fees. The Department of Education would be shut down immediately. The hideous liberal spending Farm and Education bills of last year would be repealed, and George Bush would be reprimanded for falling for them. As you can see, I might have a tough time getting elected. For openers.

To: American Spirit who wrote (159499)	1/31/2003 5:54:34 PM
From: TimF	Respond to of 1588513

Bush has not announced cutting anything yet. Except EPA, IRS and SEC investigation spending Budget in millions Department of the Treasury Tax Administration whitehouse.gov 2001 9,442, 2002 9,927, 2003 estimated 10,416 EPA Operating Budget - whitehouse.gov 2001 3,940, 2002 3,985, 2003 estimated 4,056 Total budget authority is down but only slightly mainly due to a reduction in certain funds that where going to the states. SEC - whitehouse.gov "SECURITIES AND EXCHANGE COMMISSION The Securities and Exchange Commission (SEC) regulates U.S. capital markets and the securities industry. It strives to protect investors by preventing fraud and abuse in U.S. capital markets and ensuring adequate disclosure of information. The SEC conducts compliance inspections and examinations in order to review and monitor the conduct and financial conditions of securities firms and their affiliates. Today there are over 1,000 investment companies with $6.7 trillion in assets under management, more than double the amount of deposits at commercial banks. At the same time, there are over 7,000 investment advisors registered with the SEC. In 2001, the agency exceeded planned compliance inspections for investment companies. In 2003, the agency also will begin placing greater emphasis on risk-based inspections in order to achieve the goal of conducting at least one examination of every registrant every five years. The 2003 Budget includes $481 million to carry out mission-critical activities, implement E-Gov initiatives, and respond to changes in the financial markets driven by global competition and technology. In January 2002, the Investor and Capital Markets Fee Relief Act was signed into law. The legislation reduces the rates of tax-like fees collected by the SEC on certain securities transactions. Enactment of the legislation is consistent with the Administration's efforts to invigorate free markets and reduce costs imposed on those markets by the government, while ensuring that the SEC will have the ability to continue to protect investors and maintain the integrity of the nation's securities markets. Without this legislation, the SEC would be collecting five times its annual budget in fees without any benefit to investors or the markets. The legislation also authorizes the SEC to provide additional compensation and benefits to employees if the same type of compensation or benefits are then being provided by any federal banking agency. This authority will be carried out by the executive branch in a manner that assists in the performance of the mission of the SEC while minimizing inequities with similarly situated federal employees." I don't see anything to object to here but I don't have the actual budget total. But whether or not the SEC was cut the IRS wasn't and the operating budget of the EPA went up. Other areas have been cut as well despite your statement that "Bush has not announced cutting anything yet except...". For example the total discretionary outlays for the Department of Labor go down from 12,185 million in 2002 to 11,329 million in 2003. whitehouse.gov Also total discretionary budget for the Dept. of Transportation goes down from 58.21 bil. to 52.8bil from 2002 to 2003. whitehouse.gov Just one other cut would be enough to invalidate your statement but there are more I can find if you want me to keep looking. Tim