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It's amazing how many people think they can balance the budget by cutting say, foreign aid.
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It's amazing how many people think they can balance the budget by cutting say, foreign aid.
Just to be clear, the $143.76 billion surplus is achieved by changing spending for Old-age and survivors insurance(OASI) and Disability insurance (DI) from "Hold even" to "Eliminate". That changes the combined spending from $544.82 billion to zero, changing the deficit of $401.04 billion to a surplus of $143.76 billion. That is, if the government continues to collect FICA taxes but immediately cuts off all current Social Security beneficiaries, including those receiving disability, we would achieve a surplus of $143 billion. To my knowledge, that is NOT the plan for private accounts.
It's amazing how many people think they can balance the budget by cutting say, foreign aid.
On that, I agree. According to the Simulation Game, the total cost for International Affairs is just $31.59 billion, broken down as follows:
International affairs ($31.59 billion) $13 billion ........ International development and humanitarian assistance $9.47 billion ...... International military aid $7.97 billion ...... Conduct of foreign affairs $1.15 billion ...... Foreign information and exchange activities