1 I hate him.

2 If I'm not losing (or adding) a zero somewhere, that's ~2,300 for every man, woman, and child in America.  How about this: just send it back to us.

3 How about this: just send it back to us.

You'd just squander it on something useless like mortgage payments or food.

4 Don't look at me!

5 2 How about this: just send it back to us.
________

Hello?

6 Take it back!

7 Posted by: Chinese overlords in front of us in the "us" line at February 14, 2011 03:02 PM (FzhYM)

Yeah, well, too bad.

8

Removed from the tax payer - the evil private sector- and given to the UNIONS.

 

9

And even more fun??? You're paying interest to us for this unspent Money..

Win!

10 You can call me Mister Chopped Liver.

11 I kan haz monez?

12 What Rush called the slush fund.

13
unobligated funds


Otherwise known as "2012 Presidential Re-Election Fund".

14 A few billion is a slush fund, $700B is a freaking ocean.

15 For those who pooh-poohed the idea of high-speed rail from Moron HQ to Nevada brothels .. nyeah, nyeah!

16 We are at war and the enemy has $700B in reserve ammunition.  Are you going to help me burn it down or not?

17 What they did was send all that money in the CR budget out so the Repubs couldn't cut it.

So here we have 700B cut for THIS year.

18 For $700B we could create working Stargates and Naquadah generators.  I'm just saying...

Who the fuck needs high speed rail when you got a Stargate?

19 Also, I don't think there is any such thing as "unobligated funds". These funds had to be approved for something in some budget bill. They may have been diverted and stashed but they are not really unobligated.

There is probably a bigger story here than we imagine.

20 Obama will spend that money in '12 on an all-syrup Slushie.  Then he'll go crazy, Broadway style. 

21
dammit, I didn't even see this post

22 Springfield, Springfield!

23 So what are congressional Republicans doing about this? I know, I know. But a guy can dream, can't he?

24 I believe that's also called the "Friend-Rewarding and Enemy-Punishing Slush Fund"...

25

For $700B we could create working Stargates and Naquadah generators.  I'm just saying...

Realistically, for $100B, we could fully fund research into new nuclear reactors.  And instead of high speed rail bullshit, put federal money into building a resiliant and distributed power grid...

26 What I mean is, you could get a 700 billion dollars. And you could get it in cash. I know where it could be gotten.

27 700 billion just sitting around and yet the Republican Losership can't seem to cut the paltry 100 billion that they promised us they would.

Yet, they want us Conservatives to believe they're serious about getting spending under control. Yeah, right.

28 Vic's point is good; the obverse is that is this really is not "obligated" funding, Someone's sudden rise to comptroller of supplies was a fraud of monstrous size on King Pharaoh's swart civilians, as Mr. Kipling aptly put it.

This is well beyond the range of the typical legislative subcommittee. Should a tea-partied-up Congress really get the bit in its teeth, there could be some IG seizures going on by nightfall. $700B would really take the pressure off for a month or two, so to speak. That's way more than he accused America's private businesses of holding back from the economy.

I happily join the moronariat in fantasizing that this funding went dark to build an airwing of airborne lasers, save Cheney's brain at Mt. Weather, complete SDI, and outfit Iowa and New Jersey with railguns. Oh, and a little something-something in the 40-watt range for every squad of Marines just to heat up the Admiral's coffee. There, I feel better already.

29

Take it back. All of it. Every goddamned penny. Use it to pay down the debt.

Anything less is un-fucking-acceptable.

We're drowning in debt. Pay down the motherfucking debt!

30 Budget blogger conference with Ryan, McMorris Rodgers

Cathy McMorris Rodgers (R-WA) is the Vice Chair of the House Republican Conference (Caucus) and a fellow member of the Republican Study Committee.

31 State bailout money? They have to be getting ready to do it.

32 From 30:

Nansen Malin, AFP: What do we need to provide you to get leadership? 

Response: Get involved in communicating to Facebook, blogs, and newspapers that we support budget cuts and appreciate leadership on “difficult decisions.”  Ryan says “the other side will be coming out of the woodwork to paint us as inhumane.” They will demagogue entitlement reform and spending cuts, and if they win that, we will lose the war on spending.  “If we duck from this issue,” Ryan warned, “you are guaranteeing European levels of austerity Â… and slower economic growth.”

That's more urgency than I've heard from him as of late. Instead of talking about a small window of time, he's talking about guarantees.

33

Ahhh...Federal Budgeting.  I'm going to take a stab at this.  $$$ is appropriated every FY for use by Federal Agencies.  That money can be utilized by that Federal Agency, sometimes it can be reprogrammed to be used, sometimes not.  Some funds are a one time shot and have no recission date, i.e Navy Working Capital Funds (NWCF).  Most have to be spent within the allocated time period.  Operational, Maintenace Funds are three year money.  They must be obligated within the FY they have been appropriated for or returned to the Service Comptroller.  If the funds are obligated for services that service must be delevired within the next two years after the end of the FY they were obligated.  If that contract or service is not delivered then those funds must be returned at the end of the third FY as unobligated.  They canot be reprogrammed and cannot be used to fulfill the original contract nor can they be used, I beleive, and returned to the general fund.....  Thus, this maybe the source of those funds that are now unobligated and sitting drawing no interest except by the Chinese who loaned it to us in the first place.

Also,  there is quite a bit of turnover within the agencies and some of these funds are just probably lost by the accouting system. 

34 I agree with warden. pay down the debt.

35 *COUGH*

Slush fund.

*COUGH*

36

"These funds had to be approved for something in some budget bill. They may have been diverted and stashed but they are not really unobligated."

I have no experience with Federal budgeting, but I have over 15 years at the local level. If the Fed works the way we do (and they probably don't, because we balance our budget every year), what happens is this. 

Budget is submitted based on what the program proposes to do for that fiscal year; budget, and expenditure authority, is approved.  If, during the course of the fiscal year, you don't spend your allocated funds, you do one of three things.  You turn monies back to the general fund; you carry the expenditure authority forward to the next fiscal year but if, and only if, you've started a project with those funds and can reasonably justify carrying the balance and commit to continuing work on the project; or, if you're an enterprise/fee based fund, you roll it into your fund balance as a hedge against decline in revenues. 

My guess is that the $700B that's sitting there is rolled into fund balances all over the federal government.  They need to pay down the frickin' debt with it.

37 and I see Budahmon gave a much better answer.

38 I made a mistake....

The time period for obligating funds differs depending on the type of appropriation; the expired period continues for five years after the obligation period, regardless of the appropriation. 

Thus,  OMN Funds would not be considered to be unobligated if it is older than 6 years...it would be expired money. 

39 I thought the new GOP Congress was going to use it to pay the debt. Another good idea down the toilet of Washington?

40 Well, it's our money; I say we go take it.

41 Finally, federal govt incompetence we can all celebrate!

0bama's libtard socialists are so feckless they can't even be bothered to get off their lazy asses and squander the Billion$ they expropriated from US, the taxpayers!

It's like they need Captain Douchebag to appoint a Spending Czar to do it for them...fvck 0bama and the white/black horse he rode into DC on...

42 thanks for sharing

43 Why not buy UGG Boots Sale? Perhaps you never have it, but if once you see the beautiful Instyler, I am sure, you will get it.

44

　solar panelThe main products we manufacture and export as below:

　　Monocrystalline silicon solar panel, polycrystalline silicon solar panel, solar power system.

　　solar street light, wind solar hybrid street light, solar garden light, solar sensor light, solar lawn light.

LED lamp for solar garden light, solar brick light, solar street lightsolar post cap, solar road stud, other solar lights and accessories