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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Bonefish who wrote (1501295)11/13/2024 12:31:44 PM
From: Augustus Gloop  Respond to of 1570543
 
The bank is gone....

We're just "rupt"



To: Bonefish who wrote (1501295)11/13/2024 12:46:03 PM
From: Brumar89  Respond to of 1570543
 
I'm not.



To: Bonefish who wrote (1501295)11/13/2024 2:00:48 PM
From: Tenchusatsu2 Recommendations

Recommended By
Brumar89
Eric

  Read Replies (2) | Respond to of 1570543
 
Take a look at this:

fiscaldata.treasury.gov



Roughly 48% of our budget is taken up by Social Security, Medicare, and net interest. Not even the Orange Wrecking Ball can make a dent in that.

14% goes toward health (separate from Medicare, apparently), and 10% toward "income security." Maybe there's some fat to be trimmed there, but that depends on Trump's "concept of a plan" when it comes to replacing ObamaCare.

Other areas of spending represents pennies on the dollar. Not sure how much any of those can be streamlined, or how much impact that will have on the budget.

Bottom line is that we're not yet bankrupt, but we're certainly headed in that direction without some drastic changes.

Tenchusatsu