United States: Senators present a project to reduce the size of the federal government / Senators Introduce Bill to Reduce Size of Federal Government
Senators Orrin Hatch (R-UT)
and Tom Coburn (R-OK) have introduced legislation Tuesday to significantly
reduce the size and scope of the federal government.
Downsizing the federal and Reform Act of 2011 proposes to reduce the federal
government and make it more efficient and fiscally responsible.
Specifically, according to the senators, the bill:
- Extend the current wage freeze on the wages of civilian employees of the
federal government "for a further three years but also freeze all bonuses,
including performance bonuses and recruitment for the same period.
- Require a 15 percent reduction in the size of the federal workforce and in the
federal workforce contracted during the next 10 years
- Provide a 75 percent in the federal budget on the annual trip, which
represents more than $ 15 billion a year, a figure that lawmakers say it is no
longer necessary or sustainable.
According to the Congressional Research Service, the number of civilian
executive has increased steadily over the past decade. In December 2010, the
number had nearly 350,000 employees more than it had in September 2000. In
addition, the number of federal contracts is expected to have risen much more
sharply during the same period, an increase of more than 3 million workers
between 1999 and 2005 (over 4.4 million to over 7.6 million euros).
Senators Orrin Hatch (R-UT) and Tom Coburn (R-OK) Introduced legislation to
Significantly Reduce Tuesday Both the size and scope of the federal government.
The Federal Workforce Reduction and Reform Act of 2011 Provided to shrink the
federal government and make it more efficient and fiscally-Responsible.
Specifically, According To the Senators, the legislation Would:
- Extend the current freeze on pay Federal Civilian Employees' salaries by year
Additional Three Years And Also freeze all bonuses, recruitment bonuses and
performance Including, For That Same Time Period.
- Require a 15 percent reduction in the size of the federal workforce and in the
federal workforce over the next Contracted 10 years, Which Could the lawmakers
propose Could Accomplished Through attrition and simple accounting Without
Adding to Unemployment.
- Provide a 75 percent reduction in the federal government's Annual travel
budget, Which accounts for more than $ 15 trillion a year, a figure That the
lawmakers say is no longer sustainable or Necessary.
Utilizing the methodology employed by the National Commission on Fiscal
Responsibility and Reform, the Senators Believe The Proposal Would save the
federal government more than $ 600 trillion over ten years.
"If the recent debate over the debt ceiling HAS Shown anything, it's that We
Need to make sure the federal government IS ITS Forced to Live Within Means,
just as Small Business and working families across the country are," Hatch said.
"We must do more to Simply address our runaway government debt and Spending. The
thesis solutions to Problems Do not Need To Be Complicated. Our Savings Bill
Willis generate significant - more than $ 600 billion - by Implementing just a
Handful Of Relatively small simple reform. "
According To the Congressional Research Service, the executive branch workforce
Civilian HAS grown over the last decade Consistently. As of December 2010, the
workforce HAD Nearly 350.000 Employees Than It Had more in September 2000.
Additionally, the number of federal contractors IS Believed To Have Much More
INcreased DURING Substantially this Sami Period, by Growing More than 3 million
Workers Between 1999 and 2005 (from More than 4.4 million to 7.6 million More
than).
Gardian.co.uk: announces the inevitable decline and fall of the American Empire / Decline and Fall of the American Empire
The last decline in house
prices means that the cost of real estate fell 33% from the top.
Unemployment is not the same content as the Great Depression, but at 9.1% of the
workforce, a level that has the look of a cacophony at the White House. The last
president was re-elected with unemployment greater than 7.2% which was Franklin
Delano Roosevelt.
The United States is a country with serious problems. One in six food stamps
depends on the government to ensure they have enough to eat. The budget, which
was surplus to just over a decade, now has a deficit of Greek-style proportions.
There is policy paralysis in Washington.
The chances that America is still very thin specifies the Guardian. More details
with the translator.
Decline and Fall of the American Empire
The economic powerhouse of the 20th century emerged from the Stronger Depression.
Purpose faced with cultural decay, structural and Weaknesses reliance on
finance, can the US do it again?
Dust-bowl Refugees walk Towards Los Angeles DURING the Great Depression. House
Prices Have Further Than now fallen in the 1930s. Photograph: Bettmann / Corbis
America Clocked up a record last week. The latest drop in house price Meant That
The Cost of real estate by Has Fallen 33% Since the peak - Even bigger than the
31% slide Seen When John Steinbeck WAS writing The Grapes of Wrath .
Unemployment HAS not Returned to Great Depression Levels goal at 9.1% of the
workforce still at level It Is That Will Have nerves jangling in the White
House. The last president to Be re-Elected with 7.2% Unemployment Above WAS
Franklin Delano Roosevelt.
The US IS a country with serious problems. Getting on for one in six depend on
government food stamps to Ensure THEY Have Enough to eat. The budget surplus
Which Was in little More than a decade ago, now HAS deficit of Greek-style
proportions. There Is policy paralysis in Washington.
The Assumption Is That The Problems Can Be Easily solved Because The US Is the
biggest economy on the planet, the only country with global military reach, the
lucky possessor of the world's reserve currency, and a nation with a proud
record of re-inventing Itself Every generation in ounces or so.
This is all true and more. US Universities are superb, Attracting the best
brains from around the world. It Is A Country That Push the frontiers of
technology. So, it May Be That IS the US about to emerge from Stronger Than Ever
the long nightmare of the sub-prime mortgage crisis. The strong position of
American Financial companies unleash a wave of Could new investment over the
next couple of years.
Let me put alternative hypothesis year. 2011 IS America in Rome in 200AD or
Britain on the eve of the first world war : an empire at the zenith of its
powers with purpose to show cracks Beginning.
The experience of Both Rome and Britain suggests That It Is Hard to stop the rot
set in oz HAS it, so here are the A Few of the warning signs of trouble ahead:
military overstretch, a widening Gulf Between Rich and poor, a hollowed- out
economy, citizens and using debt to live Beyond Their Means, and once-effective
Policies No Longer working. The High level of violent crime epidemic of obesity,
addiction to pornography and excessive use of energy telling us May Be Something:
the US Is In year advanced state of cultural decadence.
Many different empires decline for some purpose factoring Reasons recur. There
Is An initial reluctance admitted to That There Is much to freight about, and
the arrival of There Is a challenger (or Several challengers) Settled to the
international order. In Spain's case, the rival WAS Britain. In Britain's case,
it WAS America. In America's case, the Threat Comes from China.
Britain's rapid decline WAS Extremely After 1914. By 1945, the UK Was a bit
player in the bipolar world Dominated by the US and the Soviet Union, and
sterling - the heart of the 19th-century gold standard - was icts Rapidly losing
luster as a reserve currency. There HAD beens Concerns, voiced as far back as
the 1851 Great Exhibition, that 'the Hungria, more efficient Producers in
Germany and the US Threatened Britain's industrial hegemony. Goal serious policy
action WAS taken. In the second half of the 19th century There Was A Subtle
shift in the economy, from the north to the south of England, from manufacturing
to finance, from Making Things to living off investment income options. By 1914,
the WAS writing on the wall.
In Two important respects, differs from the US Britain today a century ago. It
Is Much bigger, Which Means That It Benefits from continent-wide economies of
scale, and it HAS presence in the industry That Will Be Strategically important
in the first half of the 21st century. Britain in 1914 WAS over-reliant on coal
and shipbuilding industries, That struggled Between the world wars, and failed
to grasp early HAD Enough The Importance of Emerging new technologies.
Even so, There are parallels. There has-been a long-term shift of emphasis in
the US economy away from manufacturing and Towards finance. There Is A Growing
Challenge from Other Producers in shares of the world.
Frenzy
Now Consider the stark contrast Between this Economic Recovery and the pattern
of previous cycles. Traditionally, a US Economic Recovery Sees Unemployment
coming down as lower interest rates Smartly Consumers to Spend and encourages
the construction industry to build more homes. This time, it has-been different.
There Was a building frenzy DURING the bubble years, Which left overhang of
supply year Even Before plunging Prices and Rising Unemployment led to a blitz
of foreclosures.
America HAS homes more Than it Knows What to do with, and That state of affairs
IS NOT going to change for years.
Over the past couple of months, There has-been a steady drip-feed of poor
Economic News That HAS Hopes Dented of a Sustained recovery. Optimism now HAS
Been Replaced by That concern the United States Could Be Heading for the Dreaded
double-dip recession.
In the real estate market, Which is the symptom of America's deep-seated
Economic malaise, the double dip HAS ARRIVED Already. Tax breaks to homeowners
only a temporary respite Provided for a falling market and millions of Americans
are living in homes worth less Than THEY Paid For Them. The latest figures show
That More than 28% of homes with a mortgage are in negative equity.
Unsurprisingly, that 'HAS made Americans far more cautious about Spending money.
Rising Commodity Prices exacerbate the problem, THEY sincere push up inflation
and Reduce the spending power of Wages and salaries.
Macro-Economic Policy HAS Proved Effective Than less normal. That's not for want
of Trying, though. The US HAS HAD zero short-term interest rates for well over
Two Years. It HAS HAD Two big doses of quantitative easing, the second of Which
is now ending. Its budget deficit is so big it HAS led to warnings from the
credit-rating Agencies, In Spite of the dollar's reserve currency status . And
Washington HAS ADOPTED a policy of benign neglect Towards the currency, despite
the strong-dollar rhetoric, in the hope That Will cheaper exports make up for
the squeeze on consumer Spending.
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Policy, as ever, IS Towards growth geared Because The great existential fear of
the Fed, the Treasury and whoever occupied the White House Is A return to the
1930s. Back then, The Economic malaise Could Be Largely Attributed to
deflationary Economic Policies That deepened the recession Caused by the popping
of the 1920s stock market bubble. The feeble response to today's growth suggests
medicine That IS the US structurally far Weaker Than It Was in the 1930s.
Tackling Weaknesses Will require breaking thesis Finance's stranglehold over the
economy and Measures to boost ordinary families' spending power and so cut Their
reliance on debt. Will it require year amnesty for the housing market. Above
all, America must rediscover the qualities Originally That made it great. That
Will not Be Easy.