I admit I haven’t studied the plan in any detail at all.
I would assume that with total spending capped, Congress would have to balance who gets what money.
If Social Security needs 6%, maybe DEA, EPA, BATFE, etc. can be cut by 30%.
I just watched the video posted in this thread and realized it is only for 7 years.
http://www.freerepublic.com/focus/f-chat/2756239/posts
“I would assume that with total spending capped, Congress would have to balance who gets what money. If Social Security needs 6%, maybe DEA, EPA, BATFE, etc. can be cut by 30%.”
Agree, it doesn’t have to be cut by the same amount in each department. But there are limits to how much you can wring out of other departments. For example, just how much are we willing to let China have uncontested control of the oceans...so that we don’t have to cut Social Security quite as much?
“I just watched the video posted in this thread and realized it is only for 7 years.”
He also says that spending would then be capped at 18% of GNP. As long as that is in place, no more exploding deficits - and we’re as good as gold.