“...Lots of room for cutting.”
Why make any cuts when we can just print more money? ;-)
You make a good counterpoint! :)
The Fed money printing machine saves the government from having to raise our taxes to pay for things. The powers that be have been content to let the Fed print “prosperity” for them and to pay for our foreign adventures. But what they don’t want to talk about is the massive $20 Trillion debt and $105 Trillion in unfunded liabilities that are hanging over us like the sword of Damocles.