Or if cutting out all those things is too complicated, to take care of the $50 billion on the discretionary side, just cut half the Education Dept budget. Or just cut it out completely and that would take care of the other $50 billion on the military side. It would still leave enough money to pay for several janitors to clean up the place so it could be put on the market!
Guys, this is a silly article. So are comments thus far.
These numbers quoted are absurd. The debt is just about 17T and people are swaggering around at how they found 10B in supposed waste. Even one guy just said let’s cut 1/2 the govt — and I doubt he realizes that would only be about 1.6T.
In other words . . . cut 1/2 and you do only 10% of the debt.
Now additionally, don’t delude yourself. If you cut 1/2 the govt (which HAS to include your parents Soc Sec) then that is money not spent in the economy and GDP IS going to fall. Don’t now lash out with Austrian or Keynes words because no one cares whose name means what. If you cut Social Security, old people can’t pay for things. Period.
If GDP falls, so does tax revenue and that 1/2 cut you just did won’t even dent the 1.1% deficit. Obviously spending more money doesn’t fix anything or it WOULD HAVE, given deficits run for 20 years.
In other words, in conclusion, THERE IS NO ANSWER. This is all going to fall. Billions worldwide are going to die, and soon, and there is nothing that can be done about it.