I heard that Romney is only going to cut discretionary non-military spending by 5% while increase military spending even more than Obama has.
If I'm not mistaken discretionary defense spending isn't more than 800Bn for FY2012, so that's a meager 40Bn reduction. But then I would assume that 40Bn would at least be cancelled out by the increases in military spending that Romney would request. He hasn't said how much he wants to increase military spending, he's just said that we need to spend more on the military.
He would have to do some serious means testing for SS and medicare, cut medicaid, schip, negative taxes for the poor, and food stamps by 1/2, then freeze the whole budget for at least 6 years until there was a balanced budget.
The U.S. debt is higher per capita than Greece (higher than every country in the whole world actually), so how could Romney be president without a collapse of the U.S. Federal Republic within the next decade?
Even a recent bloomberg article says that Dr. Paul is the only one who would balance the budget. Having any deficit isn't going to work. It absolutely needs to be eliminated next fiscal year or else we're going to be in deep shit. The problem is that the Republicans are just as into "job creation" as the Dems are. The real problem is the deficit because the government could control that. The government can't, however, "create" jobs without increasing the deficit even more.
The only way Romney could spend that amount of money while coming anywhere close to balancing the budget is if he regulates the ***k out of things to drive revenues up and he'd have to completely nationalize the banking system. The banks aren't going to continue lending at near zero interest even if the Fed keeps their rates low.
If I'm not mistaken discretionary defense spending isn't more than 800Bn for FY2012, so that's a meager 40Bn reduction. But then I would assume that 40Bn would at least be cancelled out by the increases in military spending that Romney would request. He hasn't said how much he wants to increase military spending, he's just said that we need to spend more on the military.
He would have to do some serious means testing for SS and medicare, cut medicaid, schip, negative taxes for the poor, and food stamps by 1/2, then freeze the whole budget for at least 6 years until there was a balanced budget.
The U.S. debt is higher per capita than Greece (higher than every country in the whole world actually), so how could Romney be president without a collapse of the U.S. Federal Republic within the next decade?
Even a recent bloomberg article says that Dr. Paul is the only one who would balance the budget. Having any deficit isn't going to work. It absolutely needs to be eliminated next fiscal year or else we're going to be in deep shit. The problem is that the Republicans are just as into "job creation" as the Dems are. The real problem is the deficit because the government could control that. The government can't, however, "create" jobs without increasing the deficit even more.
The only way Romney could spend that amount of money while coming anywhere close to balancing the budget is if he regulates the ***k out of things to drive revenues up and he'd have to completely nationalize the banking system. The banks aren't going to continue lending at near zero interest even if the Fed keeps their rates low.
Those are always helpful. Sometimes we forget that if only we had a man with whom 95% of Congress disagrees on 95% of everything, we could get things fixed.
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