Hookbender — Mar 27, 2011
This may be a small percentage of cuts looking at the entire picture, but arguing against cuts because of that is as backwards ass as government having 80 programs with the same objective.
Who's arguing against the cuts - not Obama as he signed off on them last year.
The argument is that they are chicken feed in contrast to the problem to be solved.
Hookbender — Mar 27, 2011
No. Because Obama has continued to spend like theirs no tomorrow.
Again - he signed off on the cuts - so you are now saying they aren't anywhere near enough, which was the point being made.
If the only waste that can be identified amounts to a paltry 6.5 Bn then that means to the definition of waste needs to widen.
So what do you suggest defining as waste and cutting then in big ticket military/education/welfare/health spend ?
Political reality for both parties means all they will do is talk about it.
The formula for closing a deficit is a combination of the following.
1. Economic Growth - far the most important as it reduces not only the absolute size of the deficit in terms of increased tax take - it closes the relative size in terms of % of GDP - which is the headline number in terms of sustainability.
2. Fiscal - Tax and Spend - increase the former and reduce the latter.
Unfortunately #2 has a major impact on the progress of #1, if not done right it is self defeating and takes out the major weapon in armory which is growth.
This is a point you are illiterate on and just do not seem to comprehend.
Politically the fight is about #2 publically - but neither party is willing to do anything substantial - tax rises and spending cuts are not vote winners.
So both parties are relying on #1 to solve - or at least push off the day of reckoning.
Dems are praying for a major economic recovery before Nov 2012.
Pubs are praying for recession thru 2012 - and a full recovery in 2014/15 so that they can have a newly elected idiot in 2012 who gets credit for it
and can give out unfunded tax cuts to win election in 2016 and carry on this deficit ponzi scheme that has been core republican policy since Reagan.
That's the reality, the Ponzi scheme wins elections