04 December 2007

Cutting the fat by slashing the bone...

Governor Mitt Romney "has proposed capping non-defense discretionary spending at inflation minus one percent and will veto any budget that exceeds that amount." So, if we assume that a President Romney would not raises any taxes or cut defense, Social Security or Medicare spending, he would probably have to cut every other program by 20% to balance the budget by 2012, according to CBPP:


Look at these 2 charts below(admittedly longer-term) and tell me how much sense that makes as a serious budget constraint strategy (note: Social Security projections are not nearly as troublesome as Medicare projections.).



See here where your tax dollars go, and tell me which spending categories we should cut to constrain the federal budget.

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