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To: PJr who wrote (42377)12/21/2012 9:00:27 PM
From: ggersh  Read Replies (2) | Respond to of 221951
 
I'd agree, MIC needs biggest cut's, we do not need to police the world,
anyhow we aren't any good at it either. -g-



To: PJr who wrote (42377)12/21/2012 9:00:34 PM
From: Wayners  Respond to of 221951
 
Spending back then was about 18% of GDP. Today that's about 2.5 Trillion per year. That would require cutting spending drastically from about 3.5 to 3.7 Trillion. Taxes would increase and maybe bring in an extra $200B to $250B. On top of that, we don't have anywhere near the same GDP growth.


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