They will have to cut Social Security eventually. No way they will be able to pay for all the entitlements
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I agree and I say the same thing about military spending. I did a four yr. tour. Both my daughter and her husband are nearing the end of their 2nd and plan to retire from the military in 15-20 yrs. I have absolutely no doubt the military could be cut A LOT without putting the country's safety at risk. There'd be a reduction in the number of out of shape and or incompetent E-6's & O-3's and above I'd suspect. Plus reduce some jobs for defense contractors but hey times are tough all over. But there's a bunch of folks, mostly chicken hawks and REMF desk jockeys who scream and shout at any cuts scaring the crap out of John and Jane Citizen Doe and make it sound like any cut to the military will put their family at risk and/or is a sign of not supporting the troops. Shit just cut out the F-35 program and you could do a lot to reduce DOD costs. The fukking plane costs 110 million with no engine and no weapons system. The DOD wants to order 230 of these things at an end cost of 230 million each. What does that add up to? My math get bad with so many zeros but I think it's 2.53 trillion for a jet we probably don't need.
Everything needs to be looked at... everything.Comment -
Like how most people blamed Obama for everyones tax increaseComment -
I'd fukking cut the military to zero. Fire every fuk in there and not pay .01 to their pensions or any other benefit. Then I'd take every boat, plane or tank and sell it, using the money to pay down some of the enormous debt.Comment -
people bitching about their paychecks, alreadyComment -
Someone needs to explain Dante that if you have to borrow money to pay of your debt, it means you are officially broke.Comment -
It's the American way of life. A lot of countries have no concept of what a mortgage even is while in the US you can finance your birthday party. I saw a TV Ad the other night informing me I could "now borrow enough money to get out of debt completely." Exactly how does that work?Comment -
Im trying to explain that when the United States cant borrow any more money from foreign countries:
- It will either default on its debt and cut all entitlements
- Or print money to pay of the debt and pay for entitlements causing hyper inflation.
Either way the US economy is screwedComment -
I wouldn't purpose we get rid of the military entirely. We've spent a lot of time, money and blood pissing a bunch of other countries off. If we had zero military we might find we have more then a few enemies.
But I do, as I stated earlier, believe we could cut back a lot. We don't need to be an empire but we clearly have become one or are at a minimum becoming one. If you watched any of the NFL play-off games this weekend you might have caught the networks shout out to the troops serving overseas. You know the one where the announcer boldly states "The NFL is proud to be broadcasting this game and all NFL game on the Armed Forces broadcasting network to our men and women serving in 171 countries around the world." There's only +/- 200 nations in the world can we seriously claim we have a military interest in 171 of them?Comment -
I don't know Mexico's still pretty pissed off about losing Texas and most of the South Western US. We get ris of the entire DOD they might try to at least get the Alamo back. On the bright side I guess we'd get to see how well all those heavily arm Texans stack up against a nation with a somewhat actual military. A military equipped largely by the US ironically.Comment -
The little guy got screwed when that $20 a week that couldn't fill their tank, was done away with and is going
back into Medicare from which it came. I'm sure when the hill sees what it will do to the economy, they will
do something about it.Comment -
You might not get anything if the Repubs threaten to shut down the govt over the debt ceiling.
We already had a shitty holiday, taking money out of paychecks might have a psychological impact
on people buying stuff, which would hurt the economy. Suzzy Orman was on CNN saying, don't spend.Comment -
People need to understand that the USA needs and will have a deep recession.
All the borrowing and spendeing, money printing, stimulus, ... doesn't avoid the recession. All it does is POSTPONE the recession and make it bigger. The sooner you get your recession the beter.Comment -
technically since the advent of the printing press, and since a provision in the constitution allows it, couldn't the government just print the money? That's why sovereign debt (when country has own currency) is referred to as default freeComment -
To some extent we're doing that now but there's a limit. Go over that limit and bad things follow. I think part of the problem is there is no set limit or line and it's different for each country. But countries that have crossed that limit or line have had their currency downgraded and hyperinflation quickly follows. Basically your currency has to be wroth something on the foreign exchange market or you're going to have problems.Comment -
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