SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bearcatbob who wrote (60325)4/21/2008 7:35:21 AM
From: Lane3  Read Replies (1) of 541824
 
The problem with your list is that there's not much money in it. From a libertarian perspective and from the perspective of reducing chronic irritants it's a good list. But it doesn't solve the fiscal problem.

Defense, the on-budget part, that is, social security, medicare/medicaid run 20 percent or so each followed by welfare at 13 and interest at 8. That's where the money is.

That last one, interest, is utterly untouchable. We can dump the Iraq costs, but that still leaves a great, honking defense budget, trimmable, certainly but still a great, honking defense budget. As for the rest, they're entitlements and entitlements are uncontrollable unless we cut the programs. Politically hard to cut them when we have people clamoring for new and better health care and other "human infrastructure" programs atop them.

I don't think there's a lot of opportunity in savings. We might be able to knock out five percent, maybe ten. And we might be able to stave off making it worse. But unless we change our orientation about the government role in our society, we can't solve the problem through savings.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext