will people notice when they lose a tax credit and gain a $1500.00 tax bill ,no I don’t think so LOL
You make a great point. The term baseline budgeting has to be explained to a great many people.
The Titanic displaced 46,000 tons. What's a deck chair?
Say 20 lbs or 0.01 tons. Then a deck chair to the Titanic is about 1 to 5,000,000 = $760,000 to $3.8 trillion, so this metaphor could aptly be applied to a cut of $1 million in a $3.8 trillion budget. $100 billion is actually fairly substantial, and would reduce $3.8 trillion to $3.7 trillion.
Reason!
This whole thing is laughable. Neither party is seriously interested in reducing entitlements like SS or medicare. Even if taxes are raised, history has shown that it doesn’t bring in anywhere near the expected revenue as people figure out ways to avoid them. That leaves the “solution” of kicking the can further down the road and further monetizing the debt. And that really does work... until you destroy your currency.
It's roughly $318,471 for every person in the country.
That number does nothing but increase.
Two or three trillion doesn't matter now. The jig is up.