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To: threepercenter

I’m afraid we have to cut even more than 25%. Right now we overspend by about 40%. Even when the economy recovers, we can’t plan for the high revenue days of 2000 or 2007 (which is what the CBO assumes). I think we need to cut 20% from the military alone and more than that in other areas.


20 posted on 11/26/2011 7:07:58 PM PST by MontaniSemperLiberi (Moutaineers are Always Free)
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To: MontaniSemperLiberi

You nailed it; we overspend by at least 40%! I actually looked on the IRS and treasury web sites where they laid out the total receipts of taxes. It was a few months back, but I remember it was a peak of about $2.6T income for the US treasury from all sources in 2008, I think we are on track for $2.1T this year. But was spent over $3.5T! Unbelievable.


21 posted on 11/27/2011 6:20:39 PM PST by threepercenter
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