Derby Trail Forums

Go Back   Derby Trail Forums > The Steve Dellinger Discourse Den
Register FAQ Members List Calendar Today's Posts

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #5  
Old 02-15-2011, 10:36 AM
Nascar1966 Nascar1966 is offline
Fairgrounds
 
Join Date: Oct 2006
Posts: 1,626
Default

Quote:
Originally Posted by GenuineRisk View Post
The most useful thing about that chart, for people who don't understand much about government spending, is that it makes it visually clear that our largest areas of spending are Medicare/Medicaid, Defense, interest on the national debt and Social Security.

Social Security is required by law to be fully funded; it's illegal for it to borrow money, so it doesn't contribute to the deficit or debt and never has. The surplus it has run and invested in Treasury Bonds will keep it solvent for several more decades (regardless of what the media would like you to believe; Social Security is fine).

We don't have any choice about interest on the national debt.

Medicare and Medicaid are non-discretionary items.

What this means, is that all of these cuts in discretionary spending don't amount to a hill of beans. Any alleged budget hawk who talks a big game about cutting the deficit and does not discuss cutting the defense budget is not actually serious about cutting spending.

If you really want to slash the deficit, you need to slash defense.

Wouldn't getting out of Iraq and Afghanistan be a good start to defense cuts. We have no business there but this country is still there.
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 09:34 AM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2026, Jelsoft Enterprises Ltd.