Soggy in NOLA
Diamond Member
- Jul 31, 2009
- 40,565
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Dude, I don't want to shock your delusional balanced budget pipe dream, but... by 2013 (considering constant revenues and the Bush tax cut extension) the US will only be bring in enough revenues (taxes) to cover mandatory spending (SS, Medicare, pensions, debt interest, disability and VA). So that means if they were to cut ALL discretionary spending (military, EPA, ATF, Homeland Security, FBI, education, DOE, DOJ, etc.) they could then balance the budget.
Here is a novel idea: let's stop dropping bombs, waging wars, financing wars, spying, imprisoning (victimless crime), indicting, arresting, killing, harassing and exploiting. Let's take all that money, from those activities, and use it to invest in human capital. Once we've made that investment, people can work and pay more taxes. Once they pay more taxes we can work on the public debt problem. That is the way that smart countries do it.
Could you name a single country that is trying to reduce their deficit by spending more and has actually succeeded?
China, Germany
Oops, sorry, that was two.
OMG.