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Democrats yesterday presented a $3T deficit-reduction program to the "super committee" that is...
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Thursday, October 27, 2011, 8:29 AM ETDemocrats yesterday presented a $3T deficit-reduction program to the "super committee" that is deciding how to reduce U.S. debt by $1.2T, Reuters reports. Half the package is spending cuts and the other half tax hikes, which almost guarantees that it'll never fly.
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Me and my children could come up with a better plan to reduce spending than that. Make it easy. Reduce spending by 10% in all areas - across the board. Cut it this year and every year there after until balanced budget. No salaries for congress until balanced budget accomplished.
Wow....that took all of ..... 2 minutes.
I imagine there are some real saving from the ending Iraq war but it is off balance sheet.
First, bring all govenment spending on balance sheet. Only then we can discuss the cuts in a meangful way. Otherwise, it is too easy to hide something you don't want to cut.