Quote:
Originally Posted by Villages Kahuna
"Hundreds of billions" doesn't even get you close to balancing the budget. "Maybe trillions"? Now you're talking. At current levels of revenue and spending, we'd have to cut something like a trillion and a half in spending just to balance the budget for a year. (None of this "we'll save $ X billion over ten years" we now see so often from Washington.)
So now the $64,000 question, Richie. Tell us all how we come up with a combination of $1,500,000,000,000 in spending cuts and/or tax increases? Just be general for us...round it off to the nearest $100 billion.
I for one will be waiting for your thoughts.
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I don't have the entire federal budget in my hands, but I know enough that there plenty of room for cuts. I could say practically the whole of foreign aid, for one, should be cut, and then defenders of the aid will yell. I could say eliminate the Dept. Of Energy, the Dept. Of Education, The Environmental Protection Agency, etc. etc. and then get caught up in the defenders of all that.
I don't really care where the cuts come from, but I know they can be done.
Here's a list of government agencies. I think we can probably cut 75% of them if we wanted to.
A-Z Index of U.S. Government Departments and Agencies (A) | USA.gov