Common Sense
Rookie
- Nov 2, 2010
- 915
- 44
- 0
- Banned
- #1
So with the big gains by the Repubs in the last election the political landscape has changed again. Repubs campaigned on a mantra of cutting spending and cutting the deficit. But I have yet to hear a viable solution for either.
Case in point the tax cuts on the table. There is not argument from me that is our money and we should be able to keep more of it. (although we do have some of the lowest taxes rates in history) But in order to offset the tax cuts, there obviously needs to cuts made to spending.
The reality is though that defense, medicare, medicaid and interest on the debt account for approx 85% of the federal budget. that leaving 15% of the budget let, even if we were to eliminate the entire other 15% we would still fall short of cutting the deficit. Now neither Repubs or Dems are willing to make cuts to any of these previously listed programs out of fear of a backlash by voters. So where do these cuts come from?
suggestions........
Case in point the tax cuts on the table. There is not argument from me that is our money and we should be able to keep more of it. (although we do have some of the lowest taxes rates in history) But in order to offset the tax cuts, there obviously needs to cuts made to spending.
The reality is though that defense, medicare, medicaid and interest on the debt account for approx 85% of the federal budget. that leaving 15% of the budget let, even if we were to eliminate the entire other 15% we would still fall short of cutting the deficit. Now neither Repubs or Dems are willing to make cuts to any of these previously listed programs out of fear of a backlash by voters. So where do these cuts come from?
suggestions........