‘Red’ Golum needs to learn about the Laffer Curve.
The Laffer curve assumes that spending stays a relative constant (or at least doesn't increase exponentially). Either we cut everything, and I mean everything from Social Security and Defense to the study of Brazilian banana slugs, or we find a way to fund the stupid games. No one really wants to cut anything. Look at the moaning on THIS BOARD over the “Massive cuts” to the DOD. Look at the moans over the small increase to SS payments. No one really wants to cut anything, they want their money!
Now, if we could do some major cuts, along the order of 10 to 20% across the board, then we can start talking about controlling spending. But we can't even cut anything. These “massive” cuts coming are just reductions in the budget increase.
And yes, I am playing a bit of the cats paw here. I don't want tax increases, but I have yet to see any real support for spending cuts on FR. So either we cut spending, and that means SS and defense also, or massively increase taxes, which will crater the economy.
We can't have both spending increases and tax cuts. Yet everyone wants “Their” money, but not have pay for someone else’s “money”.