[EQAndyBuzz]

I think 3-4 trillion is not enough. We are 165 billion short a month if nothing changes. So right off the bat you have to cut 165 billion a month to stay ahead.

Now add in the 500 billion to keep the place running for the next 3-4 months, you have to add another 170 billion the first 3 months then go back to 165 billion a month.

How do we cut 165 billion a month is the question? Obamacare would be about 35 billion a month. If they sell oil leases and open ANWAR, they can probably generate another 10 billion a month in taxes from the economy growing again.

Get rid of FrankenDodd and probably can generate another 10 billion a month in tax revenue that can go to pay down the debt.

I am guessing after that, everything gets cut by 25%.

How close am I?

[familyop]

"I think 3-4 trillion is not enough."

That's correct. The deficit (amount above all revenues), if extrapolated from this year over the next 10 years, will be much higher than $3-4 trillion. So the amount that the government must borrow/print would continue to rise. Interest expense alone will be somewhere around half a trillion dollars for fiscal year 2011.

[familyop]

The interest.

http://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm