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by onlyrealcuzzo
977 days ago
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> We need not only a balanced budget amendment, but massive spending/entitlement cuts and austerity, as well as boost in GDP/exports because we can't service our own debt and have relied on other nations to buy our bonds. Massive spending/entitlement cuts aren't popular. ~40% of the country is on either Medicaid, SNAP, Medicare, or Social Security. That's ~46% of Federal spending. Besides Republicans for SNAP - it's completely untouchable. ~12% of Federal spending is the military. With all the wars going on - good luck cutting that. After interest - you only have ~16% of spending left to cut. And that's the stuff I think most people are in agreement we actually want! You can't squeeze blood from a stone. What's most likely to happen is that instead of ~40% of US adults not working - that number will decrease - and you'll have a larger, more productive tax base and less people on entitlements - strictly due to market forces. |
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There's definitely a lot of low hanging fruit to be picked here but the special interests are so entrenched that the political will would need to be much higher than it currently is.