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Edited by Mrph1 on Nov 30th 2023 at 11:03:59 AM
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Well it's probably the only way it will ever get done. Look we can worry about social programs later. If the Republicans want the deficit gone so bad then fine. We'll remove the deficit for them.
edit: I believe contractors are on the chopping block. Logically this would give the Pentagon authority over what gets cut. Does it do this?
edited 5th Dec '12 3:00:16 PM by Kostya
@Serocco: Read my post again, more carefully. I know defense is the military.
But I also believe in Keynesian stimulus, which says that cutting the budget willy-nilly isn't going to improve anything. It'll just make the economy worse.
But, since budget cuts are non-negotiable, we should cut the military. Like I said. Try to read my posts more carefully.
@Budget: The military budget is dwarfed by things like Medicare. Plus Social Security, which thanks to a legacy of irresponsibility with the funds (if you wanted a war, Dubya, raise taxes) is now bankrupt and dependent on the budget too.
Except for 4/1/2011. That day lingers in my memory like...metaphor here...I should go.If we do not cut at least 25 percent of the military budget, it will be impossible to continue to fund an adequate level of domestic activity even with a repeal of Bush's tax cuts for the very wealthy. Even if we cut the social programs, it wouldn't be good for us in the long run.
edited 5th Dec '12 3:07:35 PM by Serocco
In RWBY, every girl is Best Girl.@Budget: I'm getting conflicting figures. This says 1-1.5 trillion but most other sources say 700 billion.
Looking at the chart they provide it appears the latter figure is the Department of Defense only. Most of the other stuff probably shouldn't get cut though so I think most cuts should come from them.
Forbes doesn't believe that SS will ever go bankrupt
.
It is fully funded for another two decades and will pay 75% of its benefits thereafter. Payroll taxes that finance Social Security are only collected on income up to a certain level ($110,100 in 2012), creating a regressive system that puts an undue burden on low- and middle-income workers.
Eliminating that cap would allow Social Security to pay full benefits for the next 75 years, according to a Congressional Research Service report.
edited 5th Dec '12 3:11:16 PM by Serocco
In RWBY, every girl is Best Girl.Okay this my understanding of the situation:
Going off the Fiscal Cliff is bad, but its better than the Grand Bargain which has all cons of going off the Fiscal Cliff but few of its pros.
Having a large debt isn't good but its a necessary evil that needs to be taken to fix the economy. After the economy gets better we can focus on paying back our debt.
Is this correct/accurate?
edited 5th Dec '12 3:16:53 PM by DeviantBraeburn
Everything is Possible. But some things are more Probable than others. JEBAGEDDON 2016Probably the Pentagon. I doubt Obama has a great military mind. So yeah, you can't blame Obama...but just because it won't be his fault soldiers get screwed doesn't make it good.
Edit: I don't think so. Fiscal Cliff means 2nd Recession. How is that better?
edited 5th Dec '12 3:16:02 PM by Ultrayellow
Except for 4/1/2011. That day lingers in my memory like...metaphor here...I should go.

A tiny Fraction?
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Everything is Possible. But some things are more Probable than others. JEBAGEDDON 2016