Wednesday, August 10, 2011

Is it possible to balance the federal budget without?

reducing both entitlement, and department spending across the board, including Defense. I mean the IRS collects 1 trillion and the Defence and Homeland security spend more than that alone. Then on top of that medicare and social security each spend 900 billion but combined only bring in 1 trillion in FICA. More dramatically Medicare and Medicaid bring in about 100 billion of the 1 trillion and are nearing to spend 1 trillion themselves. Even if we eliminated the DOD we would still be in deficit. So it seems like both sides need to give, and It would seem like a tax cut during this time and restoring it to it's original levels under Reagan would be best.

No comments:

Post a Comment