DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - U.S. Debt Tops $14.3 Trillion for First Time

**Noilemaillilm** · 04-20-2011, 06:22 AM

Yeah but lets do number 2 first, before ever considering number 1. Somehow Washington is not good at cutting anything and it's time they learn.

Good point, the Teaparty bolstered Republicans held the government ransom and extracted huge cuts of nearly 1% of 1% of Spending.
Given the mood of the country, they may cut as much as 10% of 1% of Spending in the 2012 budget, over time this could reduce the deficit by as much as 50% of 1%.

This coupled with closing some of the loopholes that the greedy poor and elderly currently exploit, and we may even find enough room in the budget to cut taxes for the wealthy by a third, especially if it will only raise the deficit a small amount, if we assume massive economic growth reducing unemployment to 2%.

04-20-2011, 06:22 AM	#13
Noilemaillilm Join Date Nov 2005 Posts 443 Senior Member	Yeah but lets do number 2 first, before ever considering number 1. Somehow Washington is not good at cutting anything and it's time they learn. Good point, the Teaparty bolstered Republicans held the government ransom and extracted huge cuts of nearly 1% of 1% of Spending. Given the mood of the country, they may cut as much as 10% of 1% of Spending in the 2012 budget, over time this could reduce the deficit by as much as 50% of 1%. This coupled with closing some of the loopholes that the greedy poor and elderly currently exploit, and we may even find enough room in the budget to cut taxes for the wealthy by a third, especially if it will only raise the deficit a small amount, if we assume massive economic growth reducing unemployment to 2%.
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