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Originally posted by Bob Sholtz
reply to post by poet1b
yeah, see? i don't consider that a spending cut when we're still losing on average 1.1 TRILLION each year. 400 million is peanuts compared to what we need.
so if we don't spend any more money on anything, the deficit will be around 26 trillion in a decade according to obama's plan. it isn't anywhere near good enough, and is by no means substantial. as i said, its foregoing the sprinkles on an ice cream cone.
Originally posted by Bob Sholtz
reply to post by Eurisko2012
exactly. any spending cuts that result in us having a deficit defeat the point of saving money. anything less and we're being setup to fail. maybe not tomorrow, but we will eventually crash if the debt keeps increasing.
the only chance our country has is to get out of the middle east (cut military budget), limit earmarks, end lobbyists, and tax corporations/higher tax brackets. if all these things are done, we would probably barely be under where we should. stop raiding SS (it was a good system until we started stealing from it), and reduce politician salaries.
republicans are holding out for extreme cuts, and that's the only thing that can save us now.