Common Sense
Rookie
- Nov 2, 2010
- 915
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- Banned
- #21
cutting spending alone will never put a dent in the deficit or the debt. currently is you add up social security, medicare, medicaid, defense and interest on the debt, it account for approximately 80-85% of the federal budget. now if we cut the entire other 15-20% we still do not put anywhere near a down payment on a debt / deficit reduction. on the other hand if we make drastic cuts to SS, medicare, medicaid and defense we are at risk of alienating seniors and the poor who rely on those services. if we make huge cuts in defense, we also run the risk of increasing unemployment beyond 10%.
when the GOP says that want to go back to 2008 spending levels, those levels still include a huge budget shortfall. approximately $407 billion. (not including the wars).
i am still waiting to hear any member of the GOP tell us how they are going to tackle SS, medicare, medicaid and increase taxes to pay for everything.
http://www.usmessageboard.com/polit...a-plan-to-reduce-the-deficit.html#post2906762
those are good ideas, but how to you balance the budget in the short term? where do the cuts come from and who suffers the most?