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Economy
See other Economy Articles

Title: What is Really Driving the Deficit?
Source: Dissenting Opinions
URL Source: http://jwpegler.blogspot.com/2011/0 ... is-really-driving-deficit.html
Published: Aug 5, 2011
Author: Eric Blankenburg
Post Date: 2011-08-05 01:50:01 by jwpegler
Keywords: None
Views: 3162
Comments: 5

We spend $700 billion on the military each year.

If we leave Iraq and Afghanistan we save $100 billion.

If we leave Europe, Japan, and South Korea we might save $100 billion more.

I support downsizing those commitments right now.

That leaves us with $500 billion in military spending, which is less than 3.5% of GDP. That would be lowest military spending since before WWII. It's a reasonable price to protect the country.

The deficit this year is over $1,500 billion. Take $200 billion out of the military and we still have a $1,300 billion deficit.

Yes military spending needs to be reformed, but it is not the primary driver of the deficit.

The primary driver of the deficit is that over half the people in the country receive a government check.

Until that fact really sinks in, we are going to continue hemorrhage money.

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Begin Trace Mode for Comment # 2.

#1. To: jwpegler (#0)

Until that fact really sinks in, we are going to continue hemorrhage money.

The federal government take in 200 billion a month, and spends 300 billion. Cut spending levels back to 2003 levels, when Bush was spending like a drunken sailor, problem solved. I live within my means, the government will just have to do the same thing, rather than following the spending patterns of the sub-prime borrowers.

nativist nationalist  posted on  2011-08-05   1:57:04 ET  Reply   Untrace   Trace   Private Reply  


#2. To: nativist nationalist (#1) (Edited)

The federal government take in 200 billion a month, and spends 300 billion. Cut spending levels back to 2003 levels, when Bush was spending like a drunken sailor, problem solved. I live within my means, the government will just have to do the same thing

Yep. It's not that hard.

There are three things preventing common sense from prevailing:

A.) Leftist politicians are liars

B.) The media goes along with everything the leftist liars say

C.) The Republicans are cowards

We had an opportunity to make the politicians go Cold Turkey and eliminate their spending addiction. The GOP chickened out.

Boehner and McConnell should be strung up for this.

Unfortunately, Boehner is in a safe district and McConnell is not up for reelection until 2014. So, I guess that we'll just have to take it out on Orin Hatch.

jwpegler  posted on  2011-08-05   2:16:30 ET  Reply   Untrace   Trace   Private Reply  


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