Marc Mensa
You'll Get Nothing and Like It

Posts: 16,312
Joined: Mar 2004
Reputation: 934
I Root For: The Underdog
Location: Samaria
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RE: Federal Budget Deficit up 79% in July 2018 compared to July 2017
(08-20-2018 06:04 PM)umbluegray Wrote: (08-20-2018 06:01 PM)Marc Mensa Wrote: (08-20-2018 05:45 PM)Chappy Wrote: The revenue will come up, takes time. But the spending is way too high.
There is nothing in stone saying revenues will come up. Right now, the economy is doing quite good but revenues are in the crapper. What happens to revenues if the economy begins to recede? What happens to spending if the economy recedes?
Cut spending across the board. Period.
Do it today. Do it now.
But politicians WON'T do it.
I for one do not want higher taxes. Just because pols refuse to balance the budget & curb spending doesn't mean they have the right to take it from me.
"Taxation with representation isn't so hot, either."
The only buckets that can be meaningfully cut to offset the Trump/Ryan deficits are Social Security and Medicare.
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| 08-20-2018 06:18 PM |
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