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by sxyuan 486 days ago
1. I actually mostly agree with you (and the other reply that said something along the same lines). IMO, the debt situation isn't great, and it's getting worse. Bringing down spending as a percentage of GDP doesn't necessarily require trimming the budget, though - it could also be done by keeping the budget flat and letting GDP growth catch up.

2. Personally, I'm not opposed to trimming defense spending. However, how do we square that with the current security environment (an increasingly antagonistic Russia, China, etc.) and the fact that defense spending is also essentially a domestic jobs program?

4. The share that corporations have been paying has been falling over time. I'm not saying we should stick it to rich people - but what about making corporate taxes more in line with what they've paid in the past, instead of having employees (those same consumers you're talking about) pick up the slack?

2 comments

Don't worry about #2, Canada is taking care of this for you, to prevent fentanyl and illegals from pouring in over the top border (assume because of gravity...)
> it could also be done by keeping the budget flat and letting GDP growth catch up

This in practice requires real cuts due to inflation.