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grahamhgreen

(15,741 posts)
5. Since the Bush tax cuts of the early 2000s, the US federal government has taken in about 18 percent
Tue Jan 1, 2013, 05:10 PM
Jan 2013

while spending 25%, the numbers don't add up. Before that, we had a surplus. What changed? Bush tax cuts and unfunded wars and a massive increase in the Big War budget. And, oh yeah.... costly trade agreements began to show their effect!

If you want to get unemployment back to 5%, you're going to have to get rid of the costly trade agreements that moved our jobs overseas. And I don't see that happening in these talks.

It's not insane to talk about cutting Big War.

The money spent on war has a limited, one time benefit. When a bomb is built, once it blows up, it's economic impact is over. However, if we took that 'defense' money and say, built wind farms, or gave people a free education, that money would be returned into the economy in the form of 'free' electricity, or a more educated populace with higher earnings potential.

So big war, IMHO, is a huge part of our problem that must be cut before we can funnel the money into more productive areas.



No. There is 1 reason for the deficit: the bad economy. jeff47 Jan 2013 #1
Since the Bush tax cuts of the early 2000s, the US federal government has taken in about 18 percent grahamhgreen Jan 2013 #5
Your plan has to actually pass Congress. jeff47 Jan 2013 #9
It has passed congress! It's called the Budget Control Act of 2011! grahamhgreen Jan 2013 #11
Read more carefully jeff47 Jan 2013 #13
Looks like we might be getting somewhere! grahamhgreen Jan 2013 #15
No, we're not. You are utterly ignoring the problem. jeff47 Jan 2013 #16
Dang it! Look at it this way, part one, recouping monies from the boated big war budget grahamhgreen Jan 2013 #17
No, it's not success jeff47 Jan 2013 #18
What those defense cuts really mean is less dead children, less drone attacks, grahamhgreen Jan 2013 #20
jeff, I hope you're putting the blame for this where it belongs - Sarah Ibarruri Jan 2013 #19
Don't forget the subsidies... Initech Jan 2013 #2
As well as these other subsidies.... grahamhgreen Jan 2013 #6
agreed, 100 percent.... mike_c Jan 2013 #3
Chart Below in support of the OP Dalai_1 Jan 2013 #4
It is also true that this is the time for a blizzard of targeted spending across the nation. Egalitarian Thug Jan 2013 #7
K&R 99Forever Jan 2013 #8
I would rather see taxes raised on the wealthy to pay for defense. gulliver Jan 2013 #10
It's not just paychecks, it's dead children, drone attacks and blowback. grahamhgreen Jan 2013 #12
Talking about the bloat part. gulliver Jan 2013 #14
Latest Discussions»General Discussion»There are 2 Main Reasons ...»Reply #5