Americans can’t let fear of deficits stop necessary government spending Treasury Secretary Timothy Geithner said on Wednesday
I see the problem right away.
“necessary government spending”
I would venture that at least 30% of government spending is both unnecessary and never intended under our form of Government.
Dang. You beat me. GMTA.
I suspect the amount is 30-50% somewhere. That is a lot of money that we don’t have.
Republican Candidates could improve their Primary vote count by campaigning with the following idea:
Due to the FHA, Fannie and Freddie Bankruptcies of September, 2008, American home owners lost 30 % of the value of their homes. That is a 30 % cut in just one month. Home values are still down 30 %.
Thus, let us cut the total compensation to all elected Federal politicians, and their staffs by 30 %, and an additional 10 % cut to elected Federal politicians each year until Federal Spending is LESS THAN the average of the previous 2 years of Federal income.
BTW, since slightly less than half of the US House, and 2/3 of the US Senate are Millionaires, it will be a great opportunity for Congress to lead by example that EVERYONE should give up their “fair” share of the American Dream.
What better way can there be to demonstrate that Federal politicians are on the same page as the voters?