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by lesuorac
492 days ago
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> Might as well start with Trump doing some slashing and burning. We will have build up from the ground up again. Well, there's two ways to get a balanced budget. 1) You could increase the tax rate as was done for pretty much every single other war. This of course is not going to happen. 2) You have to lower expenses. The problem with this is that we know the US Budget and unless you cut anything from the big 3 (Defense, Social Security, Medicaid) you cannot have a balanced budget. The deficit is about ~1.75 Trillion per-year. Federal Employee Salaries is about 320 Billion/yr so you'd literally have to fire everybody and stop all non-big 3 spending (~1.5 Trillion) to have a balanced budget this way. This is the problem, the approach is just not going to work and is going to cause a bunch of problems for the economy as it's enacted. |
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