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Politics : Mainstream Politics and Economics
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To: Brian Sullivan who wrote (14358)4/2/2012 2:05:28 PM
From: TimF  Read Replies (1) of 85487
 
I gave you a 33% cut in military spending (wihich is pretty much Ron Paul)

Is that a 33% actual cut or a 33% cut from projected future higher spending?

No actual cuts in the overall top line (for the whole federal government) are needed. But "cuts" of more than 33% in the eventual spending totals are probably important.

For defense the difference between cuts in current spending, and cuts in future increases are not as far apart because defense is going to be pretty restrained going forward even without new actual cuts or further "cuts" off the increasing baseline.

For entitlements that's not the case. Esp. not for Medicare. Medicare left alone will slowly gobble up the budget even if the budget increases (and the way things are going now debt payments will also gobble up the budget). We can increase Medicare spending in every year and still be fine. But we can't increase it as much as its projected to increase and still be fine.
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