THe US FEderal Government ended the 2011 year with 100.3% Debt to GDP.
Every Single Federal Program Must Be Cut by 40% Before Individual Programs Are Targeted Just to Not Increase The National Debt.
I keep getting beaten up by freepers over the matter, but reality is reality. The DoD must be cut by 40%, I’d rather give up the two war strategy than TriCare, the VA budget and the GI Bill.
But something has to go.
You are correct, this cut stuff so for is total BS, nothing more than a reduction in projected growth. A cut is when you say, let’s roll the baseline back to 2000.
you are correct — 100% Debt to GDP is the beginning of the end. It is difficult to claw back, considering the huge repayments etc.