The U.S.A. a Country Without a BudgetPresented by Teresa Larson

Classic Battle Democrats vs. Republicans President vs. Congress

Who has the best plan why can’t they come to an agreeement on the best way to fund our country?

Deficit Spending

Our Currency We print our own money

We sell U.S. Treasury bonds to investors

We control our own money

When the debt limit is not raised we are saying that we will not be paying our bills

Greece Bankrupt

Use the Euro

They do not control it

This creates an unstable situation for them. They are at the will of another government.

There is a difference between “I can’t”

and “I do not want to”

“

How Are Country is Funded President presents a budget annually for

the next year it also includes a plan for the next 10 years.

Congress listens House of Representatives puts out a

budget Senate approves or modifies must go

back to House and then back to Senate President must approve

Separate Spending Bills Approved A mechanism for disagreement was put

in place to help during times of budget conflict.

Continuous Resolutions

Our country has operated under this model many times in history

Differences in Spending Ideas President suggests Cutting spending in defense and changingOur strategy to includeNo long term involvement in large scale stability operations. Out dated systems will be scraped,

innovative technologies embraced

Presidents plan The country will spend less on Overseas

Contingency Operations. Taxes should be restructured so that

everyone pays their fair share. Everyone should be taxed at the same

rate. Repeal the Bush era tax cuts for families

earning over $250,000 a year. Health Care Reform still an issue

Presidents Plan

Jobs and getting people back to work

Improving Medicare and Medicaid

President wants to consolidate six government agencies into one department

Presidents Plan Tax incentives for environmental

concerns Make permanent the American

Opportunity Tax Credit fro students The Presidents plan would cut the deficit

by $3 trillion over the next decade.

Path To ProsperityThe Republican Budget that was passed

on March 30, 2012 Defense spending is not reduced

Taxes are not increased

Tax Loopholes are addressed

Path to Prosperity Brings the government size to 20% vs.

23% proposed by the president.

Cuts spending by $5 trillion relative to the Presidents budget

Against the Presidents plan for an independent board to oversee Medicare

Path to Prosperity Repeals Health Care Laws

Medicare patients choose which insurance provider will administrate their plan.

Personalized Medicare

Medicare wont change for those 55 and older

It feels like they are not listening to each other

Why Politicians Can’t Come Together On a Plan Politics as usual

Concern for the glory of whose plan is to get the recognition

The people suffer

Why Politicians Can’t Come Together On a Plan Our country runs on continuous

resolution rather than a bona fide plan to get us to a destination of security and well being at home because our political parties are trying to push their agenda’s.

There is not an ability to compromise and help the people within the current two party system that rules our government.