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Originally Posted by Villages Kahuna
Oh boy, it's just this kind of arithmetic-avoiding thinking that got us into this mess. That and blaming the President, who hasn't enacted even one spending bill in his entire term. In fact, no President from either party has enacted a spending bill in U.S. history.
If you want to blame the Democratic Congress for continuing the profligate spending practiced by the Republican Congress which preceded them for the eight years when George Bush was President, you'd demonstrate your knowledge of high school civics. But blaming either Bush or Obama for this financial crisis--other than possibly their failure to veto spending bills or starting or continuing wars without Congressional approaval--smacks of the misguided partisanship that got us into this mess and is now preventing us from agreeing on the obvious ways to begin to get out of it.
Tell me, Richie, how much would your proposal save--maybe $2-3 million? Just to remind you, the amount of money we've borrowed is more than $14 trillion. If you want to include the unfunded liabilities such as Medicare, Social Security, the prescription drug plan, Medicaid, etc., we're in the hole to the tune of $54 trillion!
Just to put the arithmetic in perspective for you Richie, that's almost five years worth of the entire Gross Domestic Product of the U.S. Laying off a few bureaucrats and personal staff might make you feel good, but "saving us plenty"...puleeze.
DO THE ARITHMETIC...it's not that hard!
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Let's get down to the facts and actually DO THE ARITHMETIC rather than pontificating BS showing you know little or nothing about the subject. For the last four decades Federal outlays have averaged between 18 & 19% of GDP - a sustainable level. Today Obama and his various 'stimulants and investments' have increased the Federal budget to 24.1% of GDP and project it going above 30% - totally unsustainable levels. This administration has the nation on a path to default on our debt through its profligate spending.
It is not that income to the Federal Government has significantly fallen, but that expenditures have gone out of control. Bring Federal spending back down to 18% of GDP or even 21% and we have a problem we can deal with. Right now expenditures are at 24% and climbing.