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To: Wallace T.

What part of rolling back the budget to FY1940 and eliminating those agencies didn’t you understand?

That alone would eliminate a massive portion of the deficit. Not to mention realigning the remaining agencies to eliminate the costly redundancy.


87 posted on 01/05/2012 4:33:12 PM PST by 2CAVTrooper ( For those who have had to fight for it, freedom has a flavor the protected shall never know.)
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To: 2CAVTrooper
It is not so much the administrative costs of the civilian bureaucracy but the enormous transfer payments through Medicare, Medicaid, Social Security,and so forth that are the most burdensome. You could easily shut down, for instance, the Department of Education, but there is too much political pressure to prevent elimination of programs like Head Start. Then you have the enormous problem of servicing the national debt. This country has the benefit of historically low interest rates, a situation that will not last forever. The Fed does not operate in a vacuum and cannot hold rates down indefinitely. The effect of a 500-600 basis point increase in the cost of borrowed money would overshadow even a doubling of present military expenditures.

There is no political will to cut back on Federal transfer payments and welfare programs. Defaulting on government debt would lead to a worldwide financial crisis. Our national debt now exceeds our GNP. Even Obama would be compelled to massively increase military expenditures if Iran decides to block the Straits of Hormuz or North Korea attacks South Korea, both of which events would likely trigger a world war. Then there are the issues in the culture and economy: the consequences of permissiveness, a Third World level educational system, the collapse of our industrial base, drug abuse (legal and illegal), etc.

No Presidential candidate has an effective plan to address these issues, not Romney, not Gingrich, not Paul, not Santorum, and certainly not Obama. Reality will hit this nation as it did Britain, Spain, the USSR, and the Roman Empire. God help us.

90 posted on 01/05/2012 8:36:02 PM PST by Wallace T.
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