Guys, this is a silly article. So are comments thus far.
These numbers quoted are absurd. The debt is just about 17T and people are swaggering around at how they found 10B in supposed waste. Even one guy just said let’s cut 1/2 the govt — and I doubt he realizes that would only be about 1.6T.
In other words . . . cut 1/2 and you do only 10% of the debt.
Now additionally, don’t delude yourself. If you cut 1/2 the govt (which HAS to include your parents Soc Sec) then that is money not spent in the economy and GDP IS going to fall. Don’t now lash out with Austrian or Keynes words because no one cares whose name means what. If you cut Social Security, old people can’t pay for things. Period.
If GDP falls, so does tax revenue and that 1/2 cut you just did won’t even dent the 1.1% deficit. Obviously spending more money doesn’t fix anything or it WOULD HAVE, given deficits run for 20 years.
In other words, in conclusion, THERE IS NO ANSWER. This is all going to fall. Billions worldwide are going to die, and soon, and there is nothing that can be done about it.
RE: In other words, in conclusion, THERE IS NO ANSWER.
How about starting with the above 40 programs? Let’s start with that.
Yeah, we're headed for a crash, but we wouldn't be told about it officially in advance. It would cause world wide panic. Maybe that's why the feds are stocking up on ammo and having zombie killing practice. They've even ordered targets that look like children and pregnant woman to practice on. This would also explain why oboma doesn't seem to care about where the nation is heading. He and his family are living high on the hog and engaging in every type of spending spree they can think of.
The socialists have run out of other peoples money. They've scarfed up as much as they can from innocent to people and businesses that create jobs to buy their votes, but now they can't honor those freebie promises they made anymore. The parasitic voters are going to get very hungry when those EBT cards no longer work. Those people will be just like starving zombies. They'll eat anything.
There is something to be said for realizing all efforts are futile but I do not think the U.S. is at that position presently so I don't agree with you.
I do agree that if cuts are not made we are in trouble. The first step are acceptance that cuts can be made, no matter how insignificant in terms of cuts vs the problem (as you correctly point out).