07-24-2019, 01:55 PM
(This post was last modified: 07-24-2019, 01:57 PM by David Horn.)
(07-23-2019, 08:46 PM)John J. Xenakis Wrote: ** 23-Jul-2019 Deficits
(07-23-2019, 12:58 PM)David Horn Wrote: > In good times, deficits should be at or even below zero, so
> getting there means raising taxes in a meaningful way and cutting
> spending. Spending cuts do not have to be, and actually should
> not be, to social programs, since underfunding them merely shifts
> costs elsewhere to cover the blowback. For example,
> undernourished people are more likely to get sick. The homeless
> likewise, plus they are often a risk to themselves and others.
> The defense budget, on the other hand, is so bloated that the size
> of the bloat can't even be determined. Whack off $100 Billion,
> and see if it makes a difference. If not, repeat until it does.
>
Lol! This is the totally delusional left wing view of cutting
deficits.
It's the mirror image of the equally delusional right wing view that
cutting taxes cuts deficits.
Both the left and the right are totally, completely delusional about
almost everything have to do with economics. They just have different
delusions.
Except for the very real issue: cutting taxes has always created more debt, Kennedy's cut of top rates from 90% to 70% being the sole exception. And I thought you conservative types like to cut spending to cut the deficit. Is military spending sacrosanct? It shouldn't be, considering how miserable a job of budget management DoD has done for decades.
And why, in God's name, do we need annual spending on "defense" exceeding the combined spending of the next seven or eight nations combined? Is DoD that wasteful?
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.
