$3-4 TRILLION in cuts over 10 years?
I need a year by year breakdown of exactly how much is cut per year and which specific programs will be cut each year and by how much. Let’s get SERIOUS about this.
Methinks the answer will be backloaded to the extreme. Which means, of course, as it has many times in the past, that few, if any, of the cuts will be made.
I think 3-4 trillion is not enough. We are 165 billion short a month if nothing changes. So right off the bat you have to cut 165 billion a month to stay ahead.
Now add in the 500 billion to keep the place running for the next 3-4 months, you have to add another 170 billion the first 3 months then go back to 165 billion a month.
How do we cut 165 billion a month is the question? Obamacare would be about 35 billion a month. If they sell oil leases and open ANWAR, they can probably generate another 10 billion a month in taxes from the economy growing again.
Get rid of FrankenDodd and probably can generate another 10 billion a month in tax revenue that can go to pay down the debt.
I am guessing after that, everything gets cut by 25%.
How close am I?
It's silly, isn't it. If we get 4 T over 10 years [assuming we really do get the cuts] then our debt will still increase over 1 T per year. We now owe 14.6 T so in 10 years we'll owe 24.6 T. And this is a plan?
Maybe I just don't understand.