[txrefugee]

Let’s have a permanent sequester of at least 10% in reduced federal agency budgets and employment and watch that deficit melt. It’s really as simple as subtracting a dime from every dollar that was budgeted by the spendthrifts in Congress.

[shelterguy]

“””The Congressional Budget Office credits higher tax revenues from the rebounding economy and sharp curbs on agency spending as the chief reason for the deficit’s short-term decline. “””””

Did this come from the CBO or SNL??? It’s pretty funny.

[kabar]

Not that simple. Two thirds of the budget are in the so-called mandatories. With 10,000 baby boomers retiring every day for the next 20 years, these costs will increase and consume the entire federal budget if not reformed.