Carolyn Federoff Executive Vice President AFGE Council 222
- Slides: 48
Carolyn Federoff, Executive Vice President, AFGE Council 222 AFGECouncil 222. com
Spending and revenue graphics at www. cbo. gov/ftpdocs/125 xx/doc 12577/budgetinfographic. htm
2011 FEDERAL BUDGET $2. 3 trillion $1. 3 trillion
www. usa. gov/Agencies/Federal/Independent. shtml#
2011 FEDERAL BUDGET $2. 3 trillion $1. 047 trillion
Independent Agencies and Government Corporations • AMTRAK (National Railroad Passenger Corporation • Central Intelligence Agency (CIA) • Environmental Protection Agency (EPA) • Equal Employment Opportunity Commission (EEOC) • Federal Deposit Insurance Corporation (FDIC) • General Services Administration (GSA) • National Aeronautics and Space Administration (NASA) • National Labor Relations Board (NLRB) • National Endowment for the Arts • National Endowment for the Humanities • Nuclear Regulatory Commission (NRC) • Office of Personnel Management • Peace Corps • Securities and Exchange Commission (SEC) • Small Business Administration (SBA) • Tennessee Valley Authority and more!
2011 FEDERAL BUDGET $2. 3 trillion $899. 168 billion
2011 FEDERAL BUDGET $2. 3 trillion $822. 65 billion
2011 FEDERAL BUDGET $2. 3 trillion $791. 473 billion
2011 FEDERAL BUDGET $2. 3 trillion $738. 786 billion
2011 FEDERAL BUDGET $2. 3 trillion $589. 311 billion
2011 FEDERAL BUDGET $2. 3 trillion $576. 932 billion
2011 FEDERAL BUDGET $2. 3 trillion $521. 054 billion
2011 FEDERAL BUDGET $2. 3 trillion $471. 967 billion
2011 FEDERAL BUDGET $2. 3 trillion $418. 587 billion
2011 FEDERAL BUDGET $2. 3 trillion $275. 294 billion
2011 FEDERAL BUDGET $2. 3 trillion $245. 606 billion
2011 FEDERAL BUDGET $2. 3 trillion $212. 958 billion
2011 FEDERAL BUDGET $2. 3 trillion $200. 086 billion
2011 FEDERAL BUDGET $2. 3 trillion $187. 937 billion
2011 FEDERAL BUDGET $2. 3 trillion
Wages vs. Benefits for Retirees in 2010 $ 100 000 $ 90 000 $ 80 000 $ 70 000 $ 60 000 $ 50 000 past earnings $ 40 000 benefits $ 30 000 $ 20 000 $ 10 000 $- Low Medium High Maximum Source: Center on Budget and Policy Priorities, based on Social Security Administration, 2010 Trustees Report at Table VI. F 10
Most elderly rely on Social Security for the majority of their income more than 50% of income more than 90% of income 100% of income 0% 20% 40% 60% Source: Center on Budget and Policy Priorities, based on Social Security Administration, 2008 data
How big is the United States? • 5175 public airports • 787 million passengers Source: Research and Innovative Technology Administration, Bureau of Transportation Statistics at http: //www. bts. gov/publications/national_transportation_statistics/html/table_01_03. html and http: //www. bts. gov/press_releases/2011/bts 017_11/html/bts 017_11. html
How big is the United States? • 528 ports • 3700 cargo and passenger terminals • 6000 commercial ships • 60, 000 port calls • 9 million cargo containers Source: Congressional Research Service, “Port and Maritime Security” (May 27, 2005) pp 2, 3
How big is the United States? • 13 million truck and rail cars crossing the Canadian and Mexican borders annually Source: Congressional Research Service, “Port and Maritime Security” (May 27, 2005) p 3
How big is the United States? : 2016 >51, 000 US food facilities + 15, 000 foreign food facilities < 3000 FDA Inspectors Source: Department of Health and Human Services, Office of Inspector General, “FDA Inspections of Domestic Food Facilities” (April 2010) p ii and 3; and U. S. Food and Drug Administration, “Pathway to Global Product Safety and Quality, ” p 3.
How big is the United States? 7. 5 million workplaces : 24 million Veterans 5 million Veterans Sources: Council of State and Territorial Epidemiologists at http: //www. cste. org/dnn/Programsand. Activities/Occupational. Health/Occupational. Hea lth. Indicators/Indicator 18/tabid/114/Default. aspx; and Congressional Budget Office, “The Health Care System for Veterans, ” p. 1 (numbers for 2006) 1100 OSHA Inspectors
How big is the United States? 10, 000 file for Social Security benefits 16, 000 receive new Social Security cards Every Day Source: SSA, “Annual Performance Plan for FY 2011 and Revised Final Performance Plan for FY 2010” at pp 31 and 39. 33, 000 receive replacement cards
US Population Growth 1960 -2010 Source: U. S. Census Bureau, “Resident Population Data” at http: //2010. consus. gov/2010 densus/data/apportionment-pop-text. php
In 1960. . .
In 1960. . .
Federal Employees: US Residents 1960 – 1: 99 2010 – 1: 147 2 out of 3 work in Defense, Homeland Security, Veteran’s Affairs and Justice Source: Office of Personnel Management at http: //www. opm. gov/feddata/Historical. Tables/Executive. Branch. Since 1940. asp and National Active and Retired Federal Employees Association (NARFE)
Comparison of spending to current and projected revenues 4000 3500 3000 Revenues 2500 2000 1500 Discretionary: Nondefense 1000 Discretionary: Defense 500 0 Mandatory Spending 2011 Romney Gingrich Santorum Spending Revenues plan revenues 2015 Source: Tax Policy Center
Where’s the Revenue? possible revenue Iraq/Afg 2011 Deficit 0 200 400 600 800 1000 1200 1400 Source: Congressional Research Service, “The Cost of Iraq, Afghanistan. . . ” (March 29, 2011) p. 34
Where’s the Revenue Iraq/Afg 2011 ($159 B) possible revenue 2011 Deficit (1300 B) Bush Tax Cuts ($402 B) 2011 Deficit 0 500 1000 1500 Source: Center on Budget and Policy Priorities, “Economic Downturn and Bush Policies. . . ” (May 10, 2011) Table 1, 2013 estimated value
Where’s the Revenue? Iraq/Afg 2011 ($159 B) 2011 Deficit (1300 B) possible revenue Bush Tax Cuts ($402 B) establish Financial Transaction tax ($177 B) 2011 Deficit 0 500 1000 1500 Source: Center for Economic and Policy Research, “The Potential Revenue from Financial Transactions Taxes” (December 2009) Table 1
Where’s the Revenue? Iraq/Afg 2011 ($159 B) 2011 Deficit (1300 B) possible revenue Bush Tax Cuts ($402 B) establish Financial Transaction tax ($177 B) tax Capital Gains as Ordinary Income ($88 B) 2011 Deficit 0 500 1000 1500 Source: Tax Policy Center, estimate for 2013, at http: //www. taxpolicycenter. org/numbers/displayatab. cfm? Docid=1616
Where’s the Revenue? Iraq/Afg 2011 ($159 B) 2011 Deficit (1300 B) Bush Tax Cuts ($402 B) possible revenue establish Financial Transaction tax ($177 B) tax Capital Gains as Ordinary Income ($88 B) 2011 Deficit adopt $3. 5 M Estate tax ($21. 8 B) 0 500 1000 1500 Source: Tax Policy Center , estimate for 2013, at http: //www. taxpolicycenter. org/numbers/displayatab. cfm? Doc. ID=2491
Where’s the Revenue? Iraq/Afg 2011 ($159 B) 2011 Deficit ($1300 B) Bush Tax Cuts ($402 B) possible revenue establish Financial Transaction tax ($177 B) tax Capital Gains as Ordinary Income ($88 B) adopt $3. 5 M Estate tax ($21. 8 B) 2011 Deficit 0 500 1000 1500 put people back to work ($318 B) Source: Center on Budget and Policy Priorities, “Economic Downturn and Bush Policies. . . ” (May 10, 2011) Table 1, 2013 estimated value
Save Social Security— Scrap the Cap! $ 120 000 $ 100 000 $ 80 000 $ 60 000 2012 Cap $ 40 000 $ 20 000 $Earnings Source: SSA Annual Statistical Supplement, 2010, Table 4. B 4
What do we have?
What do we have? Ø Big country Ø Modest sized government Ø Small tax burden Ø The reckless aughts gave us Ø Massive tax cuts Ø Unfunded wars Ø Wall Street speculators
What do we need? v Wind down the war v Eliminate the Bush Tax cuts v Raise taxes on the 1% v Put people back to work v Save Social Security— Scrap the cap
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