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To: Cincinatus' Wife

There is no money. None.

That means a lot of sacred cows will be made into burger on both sides of the isle. Including defense spending.


2 posted on 05/06/2011 8:33:44 AM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

US deficit 1.6 trillion of which 90 billion per month is spent on war in Iraq and Afghanistan. That is about 1 trillion out of the 1.6 trillion deficit. Repeal Obamacare and we will squeeze out another 300 billion. That leaves about 300 billion that must be cut. I leave it to other freepers to comment on how that can be done. Trump actually proposed a one time 14.5 percent tax on wealth (not income) of individuals worth 10 or more million dollars. He figures that will raise about 5 trillion and use it to pay down the existing debt. That will save another 200 to 300 billion in annual interest payments to service the debts. These one time acts would eliminate most of the 1.6 trillion annual debts.


21 posted on 05/06/2011 9:04:48 AM PDT by Fee
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To: redgolum

US deficit 1.6 trillion of which 90 billion per month is spent on war in Iraq and Afghanistan. That is about 1 trillion out of the 1.6 trillion deficit. Repeal Obamacare and we will squeeze out another 300 billion. That leaves about 300 billion that must be cut. I leave it to other freepers to comment on how that can be done. Trump actually proposed a one time 14.5 percent tax on wealth (not income) of individuals worth 10 or more million dollars. He figures that will raise about 5 trillion and use it to pay down the existing debt. That will save another 200 to 300 billion in annual interest payments to service the debts. These one time acts would eliminate most of the 1.6 trillion annual debts.


23 posted on 05/06/2011 9:04:58 AM PDT by Fee
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