Quote:
Originally Posted by joeydb
The key thing is that the Democrats don't care what the math says. The fact that they want the tax hikes "on the rich" (repeated ad nauseum like a reflex) and will not talk about cutting non-defense spending is symptomatic of that reality.
The revenue produced by raising taxes will amount to about 8 or 9 days of federal spending @ $10B per day.
With defecits over $1T, or 100 days annually of unfunded spending on average, it doesn't take a rocket scientist to see that an aversion to cutting spending is absurd.
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it's because Defense is the only major spending we could actually cut. Non defense discretionary spending is less than ten percent of total budget.
Raising Medicare eligibility will cost more than it will save.
Social Security doesn't contribute to the deficit.
If we don't pay interest on our debt, we go into default.
Cutting Medicaid pushes the additional cost onto the states. Or people starve. One is not cost effective and the other is immoral.
So that leaves Defense.