Quote:
Originally Posted by pan6467
As BILLIONS are being given away to banks who raise fees, to companies that lay off, renegotiate contracts to their workers but make sure those in upper management get millions in bonuses, it's really hard to say the government can't make cuts.
While bridges to nowhere are being built, money is handed to foreign countries that hate us and we have a generation trained not to work and they can live very nicely...... it is hard to say they can't make cuts.
When Obama in his campaign states he wants a community organization as strong as the US military that will cost billions taxpayer money, it is hard to say they can't cut taxes.
When we have illegals bankrupting south western hospitals the government has to help.... it is hard to say they can't cut taxes.
There is so much corruption, special interest and bullshit spending..... THEY CAN CUT TAXES. To argue otherwise is foolish.
|
Have you actually looked at the budget?
You don't seem to understand that even before any of these programs you decry are taken into account, the US is running deficits.
Can you understand that?
Whatever your outrage may be, it is a simple fact that even if you cut every single dime in foreign aid, kill off every illegal alien, let every single bank fail, cut every single pork project, and cut every single welfare program, the US will STILL run a deficit if it doesnt cut either military spending, healthcare, or social security pensions. And I am talking about cutting them without cutting the taxes related to them.
Do you get that? You can quote whatever John Lennon song you want, but it is a simple fact.
If you don't want to go look at the figures, here you go:
Projected federal tax revenue for 2009: 2186 US$ billion
Projected federal spending on healthcare for 2009: 724US$ Billion (425 of which go to medicare)
Projected federal spending on pensions: 712 US$ Billion (708 of which are old age pensions)
Projected federal spending on defense, excluding foreign military aid: 811 US$ Billion
Spending on healthcare+pensions+defense= 2247 $ US$ Billion
In other words, even if the US government doesnt spend a dime on education, infrastructure, runs every branch of government for free, cut everything you said, and basically defaults on interest payments for its existing debt, the US will still run a deficit. And this is for this year. While social security spending won't increase much more, medicare costs are expected to rise very fast, even without adding any new programs or coverage. And this is all with the projected defense budget, which in all likelihood severely underestimates actual spending.
Do you get that? Sing the entire John Lennon discography for all I care, but the fact is that either social security, medicare, or defense will be have to be cut if anyone is serious about cutting taxes.