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Old 07-08-2009, 07:09 AM
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Default Proposals Anyone?

I tried to solicit proposals for balancing the federal budget with little success here. How about this...

An across-the-board 10% cut in the budgets of the Defense Department, Homeland Security, and ALL the other agencies of the federal government. That leaves interest on the national debt and Social Security untouched--for the moment anyway. It would include a 10% mandatory cut in Medicare payments.

Heck, we've all worked in companies that at one time or another, we experienced 10% cutbacks. Why not the government?

The spending reductions would total about $1.35 trillion. That's about the amount of the deficit last time I looked.

What do you think?