Schiff makes it too complicated. The Federal Government has spent about 20% of GDP for generations. Obama has bumped that up to 25% - a 25% increase in 2 years. That is indefensible. But no one is challenging him defend it.
Yes he is up to 25% maybe slighty more than a 25% something like 28% but regardless, Obama with Obamacare will take us to 33 or 34% of GDP. At that time we are freakin' Sweden, If I wanted their neuvo socialism, I would have moved their already.
All the downsizing I have been through in my life in the private sector and observed, were in the neighborhood of 30 to 40% in personnel to start, as well as a total redesign of process flow, work flow, and Flo the Waitress while they were at it. Nothing was sacred. Kaizen, Taugchi etc were all used to make it smarter, faster, quicker at less cost.
It is time for Fedzilla to go through this and all the piddle-farting in the world by both sides can't stop it, it has got to occur and not soon enough for me...