Quote:
Originally Posted by RichieLion
Like it says in Forbes, Washington is the only place where you can increase spending but call it cuts because you wouldn't spend as much as the next guy. But Rep. Ryan plan would spend 6.2 Billion Dollars less than Obama over 10 yrs. and that still is something.
Here's Forbes link with an easy to understand chart.
http://blogs.forbes.com/beltway/2011...partner=alerts |
Richie: Thanks for the link but please note that link does the same thing I am complaining about. It does NOT show the amount that Ryan increases the DEBT.. and that is that problem. Annual deficits matter but at some point the total DEBT becomes so large it cannot be serviced..
We can barely service our current 14.3T DEBT. QE2 has been used to serve 70% of that recently.. The FED is using our Visa Card to pay our MasterCard bill.
Under Ryans plan the DEBT goes to 24 Trillion in 10 years and even MORE after that in the following 20 years.. and that assumes you could get a congress to stick with Ryan's spending reduction program for 30 years.. FORGET IT.
I am glad Ryan is trying.. but you have to cut FAR MORE to get to balance in 5 years instead of 30 years.. you have to include BIG defense spending cuts and therefore stop our international police role, 20% ($300 billion )across the board for 5 years to get to balance, and dump the programs the fed gov has no business being in, no matter how small they are.
Ron Paul for President. You do not sign a budget or spending bill that does not do the 20%.
There will be serious pain, just like an appendicitis operation, and there is a chance of dying.. but without it, the patient dies for sure.. simple as that.