deficits to continue breaking records

[joeydb]

Originally Posted by Riot

No, Obama's recommendation is to let the tax cuts on the wealthiest expire (the top 2-3%) - which is Bernanke & Geithners recommendation, too - and to extend the tax cuts for everyone else.

This is also called the redistribution of wealth.

[Riot]

Originally Posted by joeydb

This is also called the redistribution of wealth.

It's also called trying to keep the economy stimulated, not putting additional burdens on the middle class, while trying to lower the deficit a bit.

[joeydb]

To reduce the burdens on the middle class and reduce the deficit, cut spending.

[clyde]

I'm getting dizzy.

[Riot]

Originally Posted by joeydb

To reduce the burdens on the middle class and reduce the deficit, cut spending.

Great: what spending, specifically,would you like to cut in the middle of a recession recovery?

[joeydb]

Originally Posted by Riot

Great: what spending, specifically,would you like to cut in the middle of a recession recovery?

Start with all foreign aid. Eliminate all of it.

[Danzig]

Originally Posted by joeydb

Start with all foreign aid. Eliminate all of it.

a drop in the bucket i'm afraid.

http://www.federalbudget.com/


seems the biggest burdens are our interest payments on debt, defense, and of course, social spending (medicaid, social security).

so, if you wish to balance the budget, guess what needs to be cut? defense and social programs. believe it or not, military spending could definitely be cut-by quite a bit.

hey, here's a thought. get us the eff out of afganistan and iraq. they just voted on yet another war bill, to the tune of 80 billion if memory serves. yeah, we can afford that.

and i have no idea what all is involved with the site above, but the graph is very telling at a glance, isn't it?

[Danzig]

and i just found this:

•US military spending accounts for 46.5 percent, or almost half, of the world’s total military spending
•US military spending is 7 times more than China, 13 times more than Russia, and 73 times more than Iran.
•US military spending is some 44 times the spending on the six “rogue” states (Cuba, Iran, Libya, North Korea, Sudan and Syria) whose spending amounts to around $16 billion.
•US spending is more than the next top 14 countries at least.
•The United States and its strongest allies (the NATO countries, Japan, South Korea and Australia) spend something in the region of $1.1 trillion on their militaries combined, representing 72 percent of the world’s total.
•The six potential “enemies,” Russia, and China together account for about $169 billion or 24% of the US military budget.


got them from:

http://www.globalissues.org/article/...RestoftheWorld